CnEVPost Newsletter: Nio to launch new EC6 on Sept 15, BYD Yangwang to launch U8 on Sept 20
Nio will hold an event to launch the new EC6 on September 15 starting at 8 pm. Customers can already pay RMB 5,000 to pre-order the model.
The new EC6 show cars have already arrived at Nio's showrooms and test drives will kick off on September 15.
CnEVPost went to a Nio House in Pudong, Shanghai, to check out the new EC6, the coupe SUV that will go on sale on September 15, with deliveries set to begin the next day.
Downsizing the number of directly operated stores is becoming a new industry trend, with both Xpeng and Zeekr increasing the proportion of dealer stores, according to local media.
Yangwang began pre-sales of the U8 on the first day of the Shanghai auto show on April 18, with a pre-sale price of RMB 1.098 million.
In the January-August period, BYD ranked first in China's NEV market with a 36.6 percent share, while Tesla came in second with 8.8 percent.
From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.
The price of battery-grade lithium carbonate fell below RMB 200,000 per ton for the first time in four months, as industry players' expectations of supply-demand balance changes.
CATL's share of China's EV battery market increased in August, as it gained additional share in the BYD-dominated LFP market.
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