Category: EV vehicles

  • In January 2024, NIO achieves milestone deliveries and expands urban road coverage.

    In January 2024, NIO achieves milestone deliveries and expands urban road coverage.

    NIO Doubles Coverage of Advanced Driver Assistance System on Urban Roads in China

    Chinese electric vehicle (EV) manufacturer NIO has achieved a significant milestone in its Advanced Driver Assistance System (ADAS) capabilities on urban roads in China. NIO's Navigate on Pilot Plus (NOP+) urban road coverage has doubled, reaching an impressive 651,640 kilometers by the end of January. This marks a remarkable growth of 103.75% from the previous month.

    Impressive Coverage Expansion

    The NOP+ coverage expansion is particularly noteworthy, with a gain of 331,819 kilometers achieved in January alone. When considering highways and urban expressways, the total coverage extends to over 1 million kilometers. NIO has achieved impressive city-specific coverage as well, with NOP+ covering 99.2% of Shanghai's main roads and 93% of the entire road network. Other cities with high NIO vehicle ownership, including Beijing, Zhengzhou, Chengdu, and Suzhou, showcase ultra-high-density coverage.

    Rapid Geographic Expansion

    NIO's NOP+ has significantly expanded its geographic reach, covering a greater number of cities. In just one month, the number of cities covered by NOP+ increased from 208 to an impressive 606 by the end of January. Notably, NOP+ now encompasses all cities in China's 34 first-tier administrative regions, excluding Hong Kong, Macau, and Taiwan.

    Vehicle Deliveries and Market Performance

    In January 2024, NIO delivered 10,055 electric vehicles, marking an 18.2% increase compared to the previous year. However, when compared month-on-month, there was a 44% decline, which aligns with market expectations. The cumulative deliveries reached an impressive 459,649 as of January 31, 2024. It is important to note that the impact of the Chinese New Year falling on February 10 created a temporary anomaly in year-on-year comparisons.

    Breaking down the deliveries, 6,307 SUVs and 3,748 sedans were included in January's figures. The Nio ES6 SUV contributed 40% of sales, while the ET5 and its station wagon variant, ET5 Touring, accounted for nearly 30% of sales. NIO's battery swap alliance continues to expand, with notable members including Geely, Changan, JAC, and Chery.

    Future Plans

    Looking ahead, NIO has revealed its plans for 2024. While no new model launches are expected, annual updates for the existing lineup are anticipated. The highly anticipated executive sedan ET9 is set to launch in early 2025. Additionally, the entry-level Alps sub-brand is expected to be unveiled in March or April 2024, with deliveries scheduled for later in the year. NIO also aims to launch its second sub-brand, Firefly, focusing on small electric cars in 2025.

    Market Response

    NIO's expanding sales team and the anticipated launch of the Alps sub-brand are expected to stimulate growth for the company. The pre-market trading reflects the positive market response, with NIO shares up by 2.67%.

    Source: nio.com

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  • Hero MotoCorp Introduces New Surge S32 Concept: A Combination of Modular E-Scooter and Rickshaw

    Hero MotoCorp Introduces New Surge S32 Concept: A Combination of Modular E-Scooter and Rickshaw

    Hero MotoCorp Unveils the Surge S32: A Modular Electric Vehicle for Personal and Cargo Transport

    Hero MotoCorp, a dominant force in India’s motorcycle industry, recently showcased its latest innovation, the Surge S32, at Hero World 2024. This groundbreaking vehicle is not just an electric scooter but also a three-wheeled rickshaw, offering dual functionality and versatility. What sets the Surge S32 apart is its swift transformation capability, allowing it to change from a scooter to a rickshaw in just three minutes.

    Dual Functionality and Innovative Design

    The Surge S32 is designed for ultimate versatility, combining the convenience of personal mobility with the practicality of cargo or passenger transport. Its unique design consists of a detachable electric scooter and a rickshaw module, seamlessly integrated with each other. The rickshaw module, which lacks a front wheel, easily attaches to the scooter. This innovative approach to vehicle design is further enhanced by the model’s robust performance specs.

    Powerful Motors for Efficient Performance

    The Surge S32 boasts a 6 kW motor for the scooter and a more powerful 10 kW motor for the rickshaw module. This ensures that the vehicle can effortlessly handle heavier loads, offering a smooth and efficient performance. Whether it’s for personal use or transporting passengers or cargo, the Surge S32 is equipped to meet various needs.

    Shaping the Future of Urban Transportation

    Hero MotoCorp’s venture into electric mobility with the Surge S32 concept reflects the company’s commitment to eco-friendly transport solutions. Additionally, it highlights Hero’s role in shaping the future of urban transportation in India. By collaborating with India’s Ministry of Road Transport to establish a new vehicle registration category, Hero is paving the way for the legal recognition and adoption of hybrid vehicles like the Surge S32. This move sets a precedent for future innovations in the electric vehicle space.

    A Vision for the Future

    While the Surge S32 is currently a concept with no defined launch date, its introduction at Hero World 2024 demonstrates Hero MotoCorp’s serious intentions towards making this versatile vehicle a reality. Hero has plans to release different variations of the rickshaw module, catering to a diverse range of needs and preferences. This showcases Hero’s dedication to pioneering solutions that meet the demands of modern urban life.

    In conclusion, the Surge S32 from Hero MotoCorp is a game-changing modular electric vehicle that offers dual functionality as an electric scooter and a three-wheeled rickshaw. With its innovative design, powerful motors, and commitment to eco-friendly transport solutions, the Surge S32 has the potential to revolutionize urban transportation in India. While it may still be a concept, Hero MotoCorp’s serious intentions and dedication to shaping the future of mobility make the Surge S32 an exciting prospect for the future.

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  • BYD extends its Electric Vehicle leadership in Singapore and Philippines

    BYD extends its Electric Vehicle leadership in Singapore and Philippines

    Chinese electric vehicle (EV) giant BYD is planning an aggressive expansion in the Association of Southeast Asian Nations (ASEAN) region, with a particular focus on Singapore and the Philippines. The company, which recently entered the Indonesian market, aims to double its sales outlets in Singapore and the Philippines by 2024.

    BYD’s Strategy for ASEAN Market

    James Ng, BYD’s Managing Director for Singapore and the Philippines, has highlighted the company’s strategy to establish a stronger presence in the ASEAN market. The cultural alignment between the ASEAN market and China has played a crucial role in BYD’s success, as consumer behavior in the region reflects recognition of BYD’s products.

    Unveiling the Yuan Up

    BYD recently unveiled a new compact electric SUV called the Yuan Up, which is poised for mass market appeal. This launch marks a significant milestone in BYD’s journey in the ASEAN region. The company has formed local partnerships with Sime Darby Motors in Singapore and the Philippine conglomerate Ayala to facilitate the sale of its EVs.

    Expansion Plans

    In the Philippines, BYD aims to expand its network by adding more than 20 sales points, while in Singapore, plans include opening two or three additional outlets. BYD has already achieved success in Singapore, where it registered over 1,400 cars in 2023, making it the top EV brand in the country, surpassing even Tesla. The EV market in Singapore has experienced significant growth, with electric vehicles accounting for over 18% of new car registrations in 2023, a substantial increase from 2021 levels.

    Collaboration for Skilled Technicians

    To support the growing demand for skilled technicians in Singapore, BYD has collaborated with NTUC LearningHub to launch a facility for EV mechanic training. The goal is to train 500 people annually in EV maintenance, aligning with BYD’s commitment to the region.

    BYD’s Dedication to Localization

    BYD’s Managing Director, James Ng, emphasized the company’s dedication to learning from its successes in Singapore and applying best practices for localization when expanding in the Philippines. With plans to open more than a dozen passenger car sales outlets in Singapore and the Philippines in 2024, BYD aims to strengthen its market position and contribute to the booming EV landscape in ASEAN.

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  • Advanced Hardware Upgrade for the Model Y Now Available in China from Tesla

    Advanced Hardware Upgrade for the Model Y Now Available in China from Tesla

    Tesla has announced that it will be upgrading its Model Y lineup in China with the cutting-edge Hardware 4.0 (HW 4.0) self-driving computer. Despite the significant enhancements, Tesla has decided to keep the pricing for the Model Y the same, showcasing its dedication to providing advanced technology without increasing costs for consumers.

    HW 4.0 Upgrade Enhances Autonomous Capabilities

    The HW 4.0 upgrade brings substantial improvements to the Model Y’s autonomous capabilities. With a maximum detection range of 424 meters, the vehicle gains the ability to see farther distances. The upgraded self-driving computer also boasts a remarkable five-fold increase in chip computing power, resulting in enhanced responsiveness and faster processing speeds.

    Unchanged Pricing for Model Y Lineup

    China’s Model Y lineup consists of three versions: the base rear-wheel-drive model, the dual-motor all-wheel-drive Model Y Long Range, and the dual-motor all-wheel-drive Model Y Performance. Despite the hardware upgrade, Tesla has decided not to alter the pricing for these variants.

    Tesla China announced the HW 4.0 upgrade on its Weibo account, highlighting the improved visibility, clarity in perception, and faster processing speed offered by the advanced autonomous driving hardware.

    New Color Option and Previous Implementations

    Alongside the hardware upgrade, Tesla has also introduced a new color option for the upgraded Model Y in China – “Quicksilver.” This color was previously exclusive to Giga Berlin vehicles but is now available in China due to advanced paint shop technology.

    It is worth noting that Tesla had quietly implemented Hardware 4.0 in Model S and Model X vehicles in the United States last year. Customers reported enhanced processing power and improved Tesla Vision technology.

    Future Developments and Pricing Adjustments

    During the Q4 and Full Year 2023 earnings call, Tesla CEO Elon Musk hinted at ongoing developments with Hardware 5. He described it as the third version of the Tesla-designed AI inference chip and mentioned that Hardware 5 is currently in the design completion phase.

    In terms of pricing, Tesla has recently reduced the starting prices of the Model Y entry edition and Model Y Long Range in China. The automaker is also offering cash discounts on select Model Y stock vehicles, providing customers with additional savings. Additionally, Tesla customers in China can enjoy a significant discount on paid paint for both Model 3 and Model Y vehicles.

    Tesla’s Autopilot Evolution

    Tesla’s Autopilot journey began in October 2014 when the company introduced pre-purchasable Autopilot, initially relying on hardware version 1 (HW1) developed with Mobileye. However, the partnership with Mobileye ended in July 2016 due to safety concerns, prompting Tesla to transition to independent hardware development. From September 2014 onwards, cars were equipped with HW1, marking the start of Tesla’s Autopilot journey.

    In October 2016, Tesla shifted to hardware version 2 (HW2) for new vehicles, collectively known as Autopilot 2.0. Despite the label, HW2 initially had fewer features than its predecessor. The term “Enhanced Autopilot (EA)” was introduced, featuring the notable “Navigate on Autopilot” capability, allowing automated highway driving.

    In early 2016, Tesla began developing the Full Self-Driving (FSD) Computer, or Hardware 3 (HW3), which replaced the NVIDIA DRIVE PX 2 AI computing platform, significantly enhancing processing power.

    The latest Hardware 4 (HW4) not only upgrades the FSD Computer but also introduces a comprehensive sensor suite with enhanced cameras and radar. HW4 features a faster FSD Computer based on the Samsung Exynos architecture, additional high-resolution cameras, and a new radar named “Phoenix” for improved accuracy, setting the stage for a transformative advancement in Tesla’s autonomous driving technology.

    With these continuous advancements and pricing adjustments, Tesla’s Shanghai factory, which produces both the Model 3 and Model Y, remains at the forefront of electric vehicle manufacturing, solidifying its position as the largest Tesla factory globally.

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  • Battery pack specifications for Vision Pro revealed, and to everyone’s surprise, it continues to utilize the Lightning port

    Battery pack specifications for Vision Pro revealed, and to everyone’s surprise, it continues to utilize the Lightning port

    We now have more detailed information on the battery specifications for the Vision Pro headset, clearing up the initial ambiguity of the pre-order period that only provided general usage and video playback estimates.

    Battery Specifications

    The battery pack included with the Vision Pro headset has a capacity of 3,166 mAh. Despite its seemingly modest capacity considering the weight of the headset (353 grams), it operates at a high voltage of 13V 6A, surpassing the typical 3.8V voltage of phone batteries.

    Equivalent Capacity

    The higher voltage of the battery pack translates to an equivalent capacity of 9,440 mAh when compared to typical phone battery voltage. This essentially makes the Vision Pro headset comparable to a 10,000 mAh power bank, according to GSMArena.

    Removable Connecting Cable

    Contrary to initial impressions, the connecting cable between the battery pack and the headset is indeed removable. Journalist Ray Wong made an interesting discovery – the cable can be detached from the battery pack using a SIM ejector tool. This means that if the cable gets damaged, users can replace it individually without having to purchase an entirely new battery pack.

    Lightning Port

    Ray Wong’s findings also reveal an interesting detail about the Vision Pro headset. Apple is still using a Lightning port for the proprietary headset and battery pack connecting cable. However, this version of the Lightning port is larger and features 12 pins, unlike the ones typically seen on iPhones. It is somewhat surprising that Apple has not moved away from its proprietary connector, especially considering the current pressure it’s facing from the EU.

    Non-Hot-Swappable Battery

    It is important to note that the Apple Vision Pro battery is not hot-swappable. This means that disconnecting the cable while using the headset will effectively shut it down. Users will need to perform a fresh reboot when connecting a new battery pack.

    Overall, the detailed information on the battery specifications of the Vision Pro headset provides clarity and valuable insights for potential buyers. The high voltage and equivalent capacity make it a powerful option, while the removable cable and Lightning port add convenience and compatibility. However, the non-hot-swappable feature should be considered when using the headset.

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  • Lotus Prepares for an Electric Shift with the New Type 135 Sports Car

    Lotus Prepares for an Electric Shift with the New Type 135 Sports Car

    Lotus Sets Sights on Electrification with New Type 135 Sports Car

    Lotus, the iconic British brand, is preparing for a bold pivot towards electrification. By 2027, the company plans to phase out the Emira and introduce the electric Type 135 sports car. This new model, positioned as a more accessible alternative to the high-end Evija, is expected to have a price tag of approximately $95,345.

    A Two-Seater Sports Car Preserving the Essence of Lotus

    Mike Johnstone, Lotus Group’s Chief Commercial Officer, emphasizes the importance of a two-seat sports car in preserving the essence of the Lotus brand. It goes beyond simply having a car with a Lotus badge; it’s about capturing the spirit and innovation that define the marque.

    Engineering Marvel: The Lightweight Electric Vehicle Architecture

    The Type 135 is not your average electric vehicle. It is set to be an engineering marvel, built on the Lightweight Electric Vehicle Architecture (LEVA). This innovative chassis is claimed to be 37% lighter than the one used in the Emira, although the final weight will increase due to the inclusion of a substantial battery pack.

    Power and Versatility: One- and Two-Motor Setups

    Lotus promises versatility with the Type 135, offering both one- and two-motor setups. The one-motor configuration will deliver 469 horsepower, while the two-motor setup will provide a whopping 872 horsepower. This flexibility allows for both rear- and all-wheel drive options, leaving room for a high-tech torque-vectoring AWD system similar to that found in the Evija.

    Redefining Electric Sports Car Dynamics

    The Type 135 aims to redefine driving dynamics for electric sports cars. Unlike many EVs that house batteries under the floor, Lotus plans to stack them behind the driver. This design choice ensures a lower seating position, providing a more authentic sports car experience that Lotus fans have come to expect.

    Production Rooted in England

    Production of the Type 135 will take place in England, marking a significant move as Lotus’ other models, the Emeya sedan and the Eletre SUV, are manufactured in China. With an annual sales target of 10,000 to 15,000 units worldwide, Lotus is poised to electrify the sports car market by blending traditional driving joy with modern electric efficiency. As Lotus prepares to embark on this exciting new chapter, the automotive world eagerly awaits its arrival.

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  • CATL predicts strong growth in 2023 amidst worldwide surge in electric vehicles and competition

    CATL predicts strong growth in 2023 amidst worldwide surge in electric vehicles and competition

    Contemporary Amperex Technology (CATL), a prominent player in the electric vehicle (EV) battery industry, has experienced significant growth in 2023. The company expects a robust expansion, with a projected net profit between 42.5 billion yuan to 45.5 billion yuan, representing a growth rate ranging from 38.3% to 48.1%. This follows CATL’s impressive 92.89% net profit gain in 2022.

    CATL’s Optimistic Outlook

    CATL attributes its optimistic outlook to the global surge in electric car adoption. With a remarkable 37.4% market share in 2023, the company produced 233.4 gigawatt-hours of batteries. Although there was a 4.3% dip in Q3 2023 profits due to a currency exchange loss, CATL projects a strong Q4, estimating a profit of 11.35 billion yuan to 14.35 billion yuan. This increase is expected to be driven by higher sales volume and lower production costs.

    Challenges in the Chinese EV Market

    In the ever-expanding Chinese EV market, where approximately 40% of new cars are battery-powered, CATL faces challenges from smaller rivals and a deceleration in demand. Despite a 37% year-on-year increase in EV deliveries in 2023, CATL remains at the forefront, holding a 43.11% market share in China. However, this is slightly down from its 48.2% market share in 2022.

    CATL’s Global Significance

    CATL’s global significance is underscored by the fact that 40% of its products are sold outside mainland China. As the electric vehicle industry experiences a shift in dynamics, with BYD emerging as a formidable competitor, CATL’s market share in China has dipped slightly. BYD, China’s second-ranked EV battery maker, is forecasted to experience an 86.5% net profit increase in 2023, surpassing even Tesla in sales.

    Future Technological Advancements

    Looking ahead, CATL plans to introduce groundbreaking technological advancements. One notable example is the Shenxing battery, which offers a driving range of 400km in just 10 minutes. Additionally, CATL’s collaboration with Didi on battery-swapping technology reflects the company’s commitment to innovative solutions in response to evolving market demands.

    CATL’s Global Impact

    Despite challenges such as slowing demand and stiff competition, CATL remains a pivotal player in the global EV landscape. Its performance and strategic moves extend far beyond the Chinese market, solidifying its position as a leading player in the industry.

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  • Blending Classic and Future in a Compact Sedan: Introducing the Kia EV4

    Blending Classic and Future in a Compact Sedan: Introducing the Kia EV4

    Kia Motors is set to redefine the compact sedan with its upcoming EV4, merging traditional design with future-forward SUV elements. The EV4, which was revealed as a concept last year, offers a refreshing take on electric vehicles with its classic sedan three-box design and SUV-like features such as a higher ride height and distinctive wheel arch cladding. The car is expected to enter production in early 2025.

    However, there has been a slight delay in the production of the EV4. Initially slated for an earlier debut, the production has been pushed back by a few months. While the reason for the delay has not been explicitly explained, it is believed that Kia is committed to perfecting the vehicle's quality. During a recent conference call, Kia's CFO & Vice President Woo-Jeong Joo highlighted the critical role of electric vehicles like the EV4 in Kia's future, emphasizing their strategy to adapt to market shifts over the medium to long term.

    Kia's EV4 is expected to be a game-changer in the electric sedan market, potentially challenging popular models like the Tesla Model 3. Unlike the rear or all-wheel-drive Model 3, the EV4 might feature front-wheel drive. While technical specifics are still unknown, there is speculation that it could either utilize the existing E-GMP platform or adopt the new Integrated Modular Architecture (IMA). The latter, which is an evolution of the E-GMP, could help reduce production costs and introduce more affordable battery options.

    This electric sedan embodies Kia's vision of blending the past and the future. The EV4 not only represents a step forward in electric vehicle technology but also combines sedan comfort with SUV practicality. With its unique fusion of design elements, the EV4 has the potential to attract a wide range of customers, especially those who appreciate a mix of sedan and modern SUV features. The automotive world is eagerly awaiting the debut of the EV4 in 2025.

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  • Chinese EV Makers in partnership with Huawei face component shortage

    Chinese EV Makers in partnership with Huawei face component shortage

    Chinese Automakers Face Hurdles in EV Market Due to Huawei Component Shortage

    Chinese automakers Changan Auto and Chery Auto, who have partnered with Huawei in the electric vehicle (EV) industry, are facing unexpected challenges. The issue lies with Huawei’s MDC 810 computing unit, which is essential for advanced driver assistance systems. These automakers, along with smaller carmaker Seres, are experiencing disruptions in their production schedules due to a shortage of this crucial component.

    Impact on Changan Auto and Chery Auto

    Changan Auto and Chery Auto have been making strides in the premium EV segment with their collaboration with Huawei. However, the shortage of the MDC 810 computing unit has caused delays in their production plans. This setback has had a significant impact on the companies, as they have had to offer compensation to their customers for the delays. This not only affects their financial costs but also raises concerns about customer trust and brand reputation.

    Huawei’s Reliability as a Supplier

    The timing of these production issues is particularly problematic for Huawei, as the company is currently in the process of spinning off its Intelligent Automotive Solution business and seeking investors. The component shortage raises questions about Huawei’s reliability as a supplier in the highly competitive EV sector. The company’s ability to fulfill its commitments and deliver components on time is crucial for its reputation and future business prospects.

    Supply Chain Disruptions in the EV Industry

    This situation highlights a broader challenge in the EV industry – the reliance on complex and cutting-edge technologies that can be vulnerable to supply chain disruptions. As automakers strive to integrate more intelligent features into their vehicles, the demand for advanced components like Huawei’s MDC 810 computing unit will continue to grow. However, any shortage or delay in the supply of these components can have significant implications for automakers, both financially and in terms of customer trust.

    Conclusion

    The shortage of Huawei’s MDC 810 computing unit has posed a significant hurdle for Chinese automakers in the EV market. Changan Auto, Chery Auto, and even smaller carmaker Seres have experienced disruptions in their production schedules and have had to compensate their customers for the delays. This situation raises concerns about Huawei’s reliability as a supplier and highlights the challenges faced by the EV industry in terms of supply chain disruptions. As the market for electric vehicles continues to grow, automakers will need to find ways to mitigate these risks and ensure a steady supply of essential components.

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  • Xiaomi Prepares for Mass Production of EVs, Introduces Stunning SU7 Sedan

    Xiaomi Prepares for Mass Production of EVs, Introduces Stunning SU7 Sedan

    Xiaomi, the Chinese tech giant, is making its mark in the electric vehicle (EV) market with the introduction of its first offering, the SU7 performance sedan. After investing a substantial RMB 10 billion yuan in the automotive industry in March 2021, Xiaomi is now gearing up for mass production of the SU7, which is expected to begin in mid-to-late February. The company plans to produce around 2,000 units per month starting in March.

    Xiaomi's Competitor to Tesla's Model S

    Positioned as a direct competitor to Tesla's Model S, the SU7 comes with impressive specifications. It boasts acceleration in under 3 seconds and features an 800V fast-charging architecture. Despite Xiaomi's reputation for budget-friendly products, the SU7 is competitively priced in two trims: the SU7 RWD at $35,200 and the SU7 AWD at $55,000. The top trim, equipped with a high-nickel 101 kWh battery from CATL and a powerful 495kW (664 hp) output, is expected to exceed $50,000.

    Advanced Technology and Features

    The SU7 is built on Xiaomi's internally developed 800V electric vehicle architecture called Modena. It incorporates the advanced Hyper OS for smart functions and connectivity. The vehicle also includes self-driving functionality, utilizing high-resolution cameras, LiDAR, and ultrasonic sensors. This showcases Xiaomi's commitment to cutting-edge technology in the automotive sector.

    Justifying the Cost

    Despite the pricing ranging from $35,200 to over $50,000, Xiaomi justifies the cost by emphasizing the inclusion of advanced features, high-performance components, and a novel Hypercasting manufacturing method. The company has invested a significant $10 billion in research and development expenses and has employed a dedicated team of 3,400 engineers for the development of the SU7.

    Overcoming Challenges and Future Plans

    As Xiaomi faces the challenges posed by the Chinese New Year holiday, the company expects increased communication and adjustment costs. However, with most of the research and development and validation testing completed before the Start of Production (SOP) stage, Xiaomi aims to efficiently overcome these challenges. The SOP phase typically sees monthly production surpassing 2,000 vehicles, marking a crucial transition from R&D to the production department.

    Xiaomi has ambitious plans for the future, aiming to complete capacity ramp-up by mid-2024. The company expects monthly production to exceed 10,000 units in July 2024. Despite deviating from Xiaomi's traditional midrange pricing, the competitive positioning of the SU7 in the modern EV market reflects the company's determination to make a significant impact in the automotive industry. Consumers and industry enthusiasts eagerly await the official launch date of the SU7.

    Source: mi.com

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