Tesla Model Y Price Increase, NIO Launches Subsidies, Hongmeng New M7 Price Cut, Intensifying Competition in the NEV Market
2024/04/01
NEV


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Xpeng G7 to Launch on July 3, Priced at 235,800 Yuan
Xpeng G7 is set to launch on July 3, with a pre - sale price of 235,800 yuan. The vehicle is a five - seat mid - sized pure - electric SUV with a CLTC range of 702km. It features a family - style exterior design, with dimensions of 4892/1925/1655mm and a wheelbase of 2890mm. The interior is equipped with a 15.6 - inch central control screen, a panoramic HUD and an 8 - inch rear - seat entertainment screen. It is powered by a single - motor rear - wheel - drive system with a maximum power of 218kW and features an 800V high - voltage platform.
AITO Ask 5 Ultra Unveiled with a Pre-Sale Price Starting at 238,000 Yuan
The AITO Ask 5 Ultra has officially started pre-sales with a starting price of 238,000 yuan. The mid-sized SUV offers both pure electric and extended-range powertrains, with new exterior colors like Zero-Degree White and Phantom Purple. The interior features a new chestnut orange color scheme and a column-mounted gear shift. In terms of intelligent driving, the vehicle is equipped with a 192-line lidar and 4D millimeter-wave radar, supporting AEB omnidirectional collision prevention and eAES automatic emergency steering. During the pre-sale period, customers can enjoy a discount of 5000 yuan off the purchase price with a 2000 yuan deposit.
NIO Launches ET5, ET5T, and EC6 Champion Editions Starting at CNY 316,000
To commemorate the 10th anniversary of its Formula E championship win, NIO has launched the ET5, ET5T, and EC6 Champion Editions, starting at CNY 316,000, with a BaaS battery leasing option starting at CNY 246,000. The new models feature a racing green and moonlight silver livery with a matte metallic appearance, and an interior in a grey tone with racing green stitching and exclusive embossing. The vehicles come standard with CDC damping control and optimized chassis tuning for a track-level driving experience. Customers who book now can enjoy multiple limited-time purchase benefits.
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smart Mickey Limited Art Car Debuts in Beijing Yinti Port, Unveiling a Journey of Magical Inspiration
On July 5th, the smart Mickey Limited Art Car "Dreamy Inspiration" made its debut at Yinti Port in Beijing. Based on the smart #1 Classic Renewal Edition, the car features over 10 Mickey elements, with a gradient color body and rose-gold interior. The event also included a giant Mickey sculpture for photo ops. The collaboration highlights the magic of smart and Disney's joint creativity.
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Ferrari Unveils the All-New Amalfi, Successor to the Roma
Ferrari has unveiled the all-new Amalfi, the successor to the Roma. The new GT coupe retains the brand's traditional mid-front V8 engine layout and will also have a convertible version. The Amalfi features a streamlined design with sculpted body lines, a large front grille, and an active rear spoiler. It measures 4,660×1,974×1,301mm with a wheelbase of 2,670mm. The interior continues the dual-cockpit layout, with a 15.6-inch digital instrument cluster, a 10.25-inch central touchscreen, and an 8.8-inch co-pilot display, supporting Apple CarPlay and wireless charging. Powering the Amalfi is a 3.9L V8 twin-turbo engine producing 640 hp and 760 Nm of torque, paired with an 8-speed DCT, achieving a 0-100 km/h acceleration time of 3.3 seconds. The car also comes with advanced driver assistance systems and MyFerrari Connect remote monitoring.
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Xiaomi to Begin Global Car Sales in 2027, Amid Strong Domestic Demand for SU7 and YU7
Xiaomi plans to start selling cars outside China in 2027, as it first needs to focus on the high domestic demand for its SU7 sedan and YU7 SUV. In China, the SU7 has been outselling the Tesla Model 3 on a monthly basis since December 2024, while the YU7 garnered around 240,000 orders within 18 hours of its launch on June 26, 2025. The SU7 comes in multiple variants, with the Ultra version offering a maximum power of 1,548 hp and accelerating from 0 to 100 km/h in just 2.1 seconds. The YU7 is available in three trims, with the Max version delivering 691 hp and 866 Nm of torque, and achieving 0-100 km/h acceleration in 3.23 seconds. The base YU7 has a CLTC range of 835 km, making it the longest-range mid-large electric SUV.