CnEVPost Newsletter: BYD produces 1 millionth car this year; AITO launches first all-electric model
BYD's 1 millionth passenger car this year rolls off line - CnEVPost — cnevpost.com It's a BYD Song Plus DM-i, and the family of models is BYD's best-selling, and China's best-selling SUV model.
BYD to build EV plant in Thailand as it expands global presence - CnEVPost Thailand's Board of Investment approved a set of investment commitments in August, including BYD's 17.9 billion baht ($491 million) electric vehicle production project.
Former XPeng head of voice recognition reportedly to join NIO - CnEVPost NIO's in-car voice assistant's capabilities are expected to get a boost, with an industry veteran who had left XPeng reportedly joining it.
CATL officially launches its battery facility project in Hungary - CnEVPost The project, with an investment of 7.34 billion euros and a planned capacity of 100 GWh, will start construction of its first building within the year.
Huawei-backed AITO launches first all-electric model, M5 EV, to take on Tesla Model Y - CnEVPost The AITO M5 EV is available in two versions, targeting the market where the Tesla Model Y is located with a lower starting price of RMB 288,600 ($41,440).
AITO says M5 EV orders exceed 30,000, but there's a catch - CnEVPost The AITO M5 EV became available for pre-order at Huawei's HarmonyOS 3 launch event on July 27.
China's 25% NEV penetration target could be reached three years earlier than planned - CnEVPost China's goal is to have 25 percent penetration of NEVs by 2025, but it now appears that target could be reached this year, according to a top government official.