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BYD officially launched the long-awaited Sea Lion 07, a midsize SUV, in China. It is based on the new e-platform 3.0 Evo and is the latest addition to the BYD Ocean series. It comes in four variants, and prices start at 189,800 (26,250 USD).
Zeekr Intelligent Technology Holdings successfully listed on the New York Stock Exchange in the US, raising 441 million on IPO. It is a company under Geely Group, a privately owned Chinese automaker that owns Volvo. This financial boost will help Zeekr to enter overseas markets and broaden its model line.
According to Great Wall Motor’s Chief Growth Officer, Li Ruifeng, the Tank 800 should unveil by the end of this year. The largest SUV yet from the GWM Tank brand, it will be the flagship model.
At today’s annual general meeting with shareholders Great Wall management discussed various aspects of the company’s progress. Most interesting is the news Great Wall has made working solid-state batteries, along with improvements in charging technology.
Nio, the Chinese electric vehicle manufacturer, achieved a significant milestone on May 9th as it produced its 500,000th car. The occasion was celebrated at the Xinqiao Intelligent Electric Vehicle Industrial Park in Hefei, capital of the Anhui province. Various dignitaries, many government and industry leaders, and William Li, the Founder and CEO of Nio, attended the event. Liu Qingfeng, the Chairman of iFlytek Co. and the user of the 500,000th Nio vehicle delivered a speech.
Avatr 07 EREV crossover from Changan, CATL and Huawei was officially unveiled in China as a direct competitor of the Tesla Model Y. It was previously known by its code name Avatr 15. The 07 SUV will enter the market this year within a price range of 250,000 – 350,000 yuan (34,600 – 48,400 USD). Later, it will be also available in fully electric variant.
On May 9, the Exeed Sterra ET officially entered the market, available in EV and EREV versions in a total of eight models, with a price range of 189,800 – 319,800 yuan (26,300 – 44,300 USD). Exeed is a high-end brand under Chery.
The sudden suspension of cooperation by New Energy Holdings (NEH) with BYD on May 6 has left question marks over BYD’s expansion plans in Vietnam. NEH is a Vietnamese distribution company and a subsidiary of Tasco Auto, the company was one of the largest partners in a plan that called for 50 BYD dealers to open by the end of 2024.