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CnEVPost Newsletter: Chinese automakers promise faster supplier payment terms; Xpeng debuts G7 SUV

Published 10 days ago • 1 min read

CnEVPost Newsletter: Daily Recap

Jun 11, 2025

​Chinese automakers including BYD, Geely pledge to shorten payment cycles to suppliers​

China's major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.

​Nio, Xpeng, Li Auto join major automakers in pledging to pay suppliers within 60 days​

Nio said that it will continue to adhere to payment terms of 60 days or less, collaborating with partners to promote high-quality development of China's automotive industry.

​Nio welcomes new exec who could help improve its financial situation, report says​

Bagrin Angelov, who served as head of cross-border M&A at CICC for the past 10 years, has joined Nio as vice president of capital markets.

​Xpeng debuts G7 SUV and begins its pre-sales, featuring up to 3 in-house self-driving chips​

The G7 is equipped with up to three Turing AI chips developed in-house by Xpeng, with computing power exceeding 2,200 TOPS.

​Xiaomi SU7 Ultra becomes fastest production EV on Nürburgring​

The SU7 Ultra achieved a lap time of 7:04.957 on the Nürburgring circuit in Germany, surpassing the previous record of 7:07.55 set by the Porsche Taycan Turbo GT in September 2023.

​BYD Fang Cheng Bao's new SUV officially named Tai 7​

Tai 7 is expected to target a broader family user base with a larger size than Tai 3.

​Leapmotor expands into Hong Kong, opens first local store​

Market development in Hong Kong and Macau will be handled by Leapmotor's marketing team in the Chinese mainland.

​CATL's 1 millionth battery pack for Li Auto rolls off line​

As of the end of May, Li Auto had delivered a cumulative total of 1,301,531 vehicles.

​CATL launches next-gen battery cell for energy storage​

The 587 Ah high-capacity cell achieves an energy density of 434 Wh/L, a 10 percent improvement over the previous generation.

​China NEV sales hit year-to-date high in May, exports set new record​

In May, China's NEV sales reached 1,307,000 units, up 36.9 percent year-on-year, according to data from the CAAM.

​China NEV retail at 202,000 in Jun 1-8, up 40% year-on-year​

The penetration rate of NEVs in retail sales was 58.8 percent during the June 1-8 period, and 49.78 percent year-to-date.

​China EV battery installations in May: CATL share at 42.87%, BYD 22.49%​

CATL's market share in May increased by 3.44 percentage points compared to April, while BYD's share decreased by 3.86 percentage points.

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