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Ford Mustang Mach-E releases long-range rear-wheel drive SE model priced at RMB 282,000
On July 17th, Ford Mustang Mach-E released its new long-range rear-wheel drive SE model, priced at RMB 282,000 after subsidies. The new model has an additional 105 km range compared to the standard long-range rear-wheel drive version, and the maximum output power of the power system has increased by 23 kW.
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With CLTC range of 619km and a price of 282,000 RMB, the Mustang Mach-E has entered the price range of 250,000 to 300,000 RMB, along with Volkswagen’s ID series and Tesla’s Model Y. Last week, Tesla released the standard range Model Y, and this week, Ford released the long-range rear-wheel drive version of Mustang Mach-E, with similar performance and range, and only a difference of 6,000 RMB in price, indicating that the competition in the electric vehicle market has entered a fierce stage.
Li Auto to be listed on the Hong Kong Stock Exchange at the end of August
On July 16th, Tencent News “Yi Xian” exclusively reported that Li Auto had submitted an IPO application to the Hong Kong Stock Exchange at the end of May and will undergo a dual listing, with Goldman Sachs being one of the underwriters.
# Early in March, Reuters quoted insider sources as saying that Li Auto, Nio, and XPeng planned to go public in Hong Kong as early as this year. On July 7th, XPeng Motors was officially listed on the Main Board of the Hong Kong Stock Exchange. Reuters previously reported that XPeng Motors was considering a third listing on Shanghai’s Science and Technology Innovation Board.
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According to current news, if everything goes smoothly, Li Auto will be listed on the Hong Kong Stock Exchange at the end of August. At that time, XPeng and Li Auto will both be listed on the Hong Kong Stock Exchange. On July 12th, Nio announced the appointment of independent directors. Li Bin resigned from the board nominations and the role of the company’s governance committee, which can be seen as preparation for further development on the Hong Kong Stock Exchange.
Lucid Motors Launches Lucid Care Vehicle Service Plan
On July 14th, Lucid Motors launched the Lucid Care vehicle service plan: no matter when or where the owner needs service, the Lucid Care team will come to solve it. The service vehicle is operated by certified technicians and equipped with a coffee machine, in addition to maintenance tools, to provide services to car owners.
In addition, Lucid also announced other information about Lucid Care:
- Lucid provides new car owners with a 365-day, 24-hour rescue service;
- In the event of a serious accident, Lucid can transport the vehicle to the service center ahead of time and provide specialized car services to help the owner reach their destination;
- Lucid vehicles can be upgraded OTA and diagnosed remotely, and if the problem can be solved, there is no need for on-site service.
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Currently, the services provided by Lucid Care do not have any unique features compared to the services provided by domestic new car manufacturers. In the operation of Garage Twitter, there are also overseas netizens who appreciate the services provided by China’s new car manufacturers. In this regard, there is still much room for overseas new car manufacturers to play in terms of services.
Starting from RMB 160,000, XPeng P5 Announces Price
On July 17th, XPeng Motors announced the pre-sale price of the P5 at the Guangdong-Hong Kong-Macau Auto Show, ranging from 160,000 to 230,000 RMB, including three models with ranges of 460 km, 550 km, and 600 km, and six configurations.
The model with a range of 460 km is equipped with a 55.9 kWh lithium iron phosphate battery, the model with a range of 550 km has a 66.2 kWh ternary lithium battery, and the model with a range of 600 km is equipped with a 71.4 kWh ternary lithium battery.
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Just 7 hours after the price was announced, XPeng Motors stated that the P5 order volume had exceeded 5,000, and the proportion of dual-laser radar configuration exceeded 70%. The pricing of the P5, which allows customers to experience XPILOT for less than 200,000 yuan, is expected to increase software penetration and further popularize intelligent technology.
Volkswagen announces “2030 NEW AUTO” strategy
On July 13th, Volkswagen announced the “2030 NEW AUTO” strategy, stating that by 2030, the share of Volkswagen’s pure electric vehicles will reach 50%; by 2040, Volkswagen will strive to achieve 100% zero emissions for new vehicles in the global market.
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Volkswagen reiterated that it will achieve climate neutrality no later than 2050. In order to achieve its strategic goals, Volkswagen plans to upgrade its factory in Zwickau as an electric vehicle center and transform its factories in Emden and Hanover. Volkswagen has always been the most determined traditional car manufacturer in the field of electrification. With the stable position of its leader, Diess, within the group, Volkswagen’s electrification process is proceeding smoothly.
LG Chemical and Samsung SDI have completed the development of 4680 battery samples
According to the Korea Economic Daily News, LG Chemical and Samsung SDI have both completed the production of samples of Tesla’s 4680 batteries, and Samsung SDI has entered the testing and verification phase.
The Korea Economic Daily News also pointed out that Jun Young hyun, the president and CEO of Samsung SDI, revealed to the media at the company’s annual shareholders’ meeting in March of this year that the company is developing a new cylindrical battery larger than the current 2170 battery. In April of this year, there were reports that Samsung SDI and Hyundai Motors were collaborating in the development of the next-generation cylindrical battery, which is larger than the 2170 battery but smaller than the 4680 battery and is designed specifically for Hyundai hybrid models.
Quick comment:Currently, Tesla is independently developing 4680 batteries and has yet to sign a supply agreement with any supplier. However, the production of 4680 batteries undoubtedly represents a large order. LG Chem and Samsung SDI are both competing for the order by comparing their production speeds. Currently, there is no clear production schedule for Samsung SDI’s new battery, while LG Chem plans to achieve large-scale production as early as 2023.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.