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Recently the Chinese Ministry of Commerce, Ministry of Finance and 7 other departments jointly issued a new round of subsidies to boost the car market this year. Announced as the “Implementation Rules for Car Trade-in-Subsidy” it offers a subsidy of up 10,000 yuan (1,400 USD) for buyers who trade-in older cars for new ones before the end of the year. A number of brands have joined in by offering additional incentives for trade-ins.
Recently, Dongfeng’s eπ brand opened its 008 SUV for pre-sale, with a price range of 220,000 – 250,000 yuan (30,300 – 34,500 USD), available in EV and EREV models. The official launch will be in June this year. The 008 is eπ’s second model after the 007. From April 25th to May 31st, consumers who placed a reservation for 99 yuan (14 USD) can enjoy benefits worth over 10,000 yuan (1,380 USD).
Recently Chery unveiled two new models for export; significantly they differ from domestic models offered by the company. The first car, the Omoda 7, is a new car while the export version of the Exceed Exlantix ES differs visually from the domestic market version.
The first uncamouflaged spy shot of the forthcoming Lynk & Co Zero has emerged. Expect the Zero to be launched very soon and the car will act as the all-electric flagship for Geely’s Lynk & Co brand along with being the brand’s first all-electric model.
The market was mainly up in China during week 17 of the year (April 22 – 28). Xiaomi registered 1,700 units of SU7, the same as the week before; Nio was 67% up, Tesla 185% up, and BYD nearly 8% up from the week before.
Recently, Wuling officially launched its Starlight EV at the Beijing Auto Show, namely, the 2024 Co-Creation 410 Standard Edition and the 2024 Co-Creation 510 Advanced Edition. The price tag is 99,800 yuan (13,800 USD) and 109,800 yuan (15,100 USD), respectively. Earlier, the PHEV models were launched with a price range of 88,800 – 105,800 yuan (12,400 – 14,800 USD).
A Polestar 5 prototype has managed to charge from 10-80% in 10 minutes. Charging rate during the test started at 310 kW and rose to over 370 kW by the end of charging. This is a world- first demonstration in a drivable vehicle, as opposed to a laboratory demonstration for individual cells.
Nio’s long awaited semi-solid state battery will finally launch on June 1 almost two years later than previously promised. The 150 kWh unit is the biggest capacity battery pack produced in China along with having the highest energy density. Certainly at the beginning it will only be available as an upgrade charged on a daily basis.