Volvo's new XC70 makes its debut in China, offering impressive hybrid options and advanced tech features, while BYD updates its popular models with new variants and price cuts. The episode also covers the partnership between Dongfeng and Huawei, focusing on EV software and AI applications. Additionally, the Mazda EZ60 is introduced as a stylish mid-size SUV with cutting-edge technology, and Xiaomi announces its R&D center in Munich as part of its global expansion plans. X-Pung celebrates a production milestone with its P7 model, showcasing the competitive landscape of China's EV market.
Topics:volvo xc70byd updatesdongfeng huawei partnershipmazda ez60xiaomi r&d centerxpung p7 production
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"source. Hear that? That's me with a lemonade in a rocker on my front porch. How did I get here? I invested to make my dream home home. Get where you're going with MDY, the original mid cap ETF from State Street Investment Management. Getting there starts here. Before investing, consider the funds investment objectives, risks, charges and expenses. Visit state street.com slash I am for a prospectus containing this and other information. Read it carefully. MDY is subject to risks similar to those of stocks. All ETFs are subject to risk, including possible loss of principle, Alps, distributors, and bank distributors. Welcome back to the podcast. Today, the Volvo XC 70 BYD updates their best sellers and Dong Feng Huawei partnership. Plus day tune. Later in the show, I'll tell you how many X-Pung P7s rolled off the production line in its first month. Well, welcome to EV news China. The podcast dedicated to the world's biggest EV market every day. I bring your headlines, insights and analysis from the heart of China's booming EV industry and decode how fast moving developments in the East as shaping the global EV industry. Volvos launch the XC 70 in China. Now that sits between the XC 60 and the 90, and it's built on the SMA super hybrid architecture. So, the XC 70 comes in four trims, retail price starting as 417,000 yuan. That's $57,000 US dollars equivalent. For a limited time, Volvo promoting prices, starting a lot lower though $37,000. Well, drive trains."
"and bank distributors. Welcome back to the podcast. Today, the Volvo XC 70 BYD updates their best sellers and Dong Feng Huawei partnership. Plus day tune. Later in the show, I'll tell you how many X-Pung P7s rolled off the production line in its first month. Well, welcome to EV news China. The podcast dedicated to the world's biggest EV market every day. I bring your headlines, insights and analysis from the heart of China's booming EV industry and decode how fast moving developments in the East as shaping the global EV industry. Volvos launch the XC 70 in China. Now that sits between the XC 60 and the 90, and it's built on the SMA super hybrid architecture. So, the XC 70 comes in four trims, retail price starting as 417,000 yuan. That's $57,000 US dollars equivalent. For a limited time, Volvo promoting prices, starting a lot lower though $37,000. Well, drive trains. Two wheel drive and four wheel drive and a couple of battery sizes as well. You either get 21 or 40 kilowatt hour on the CLTC cycle. The 21.2 kilowatt hour pack will be 116 kilometers or 72 miles on electric power alone. And the big daddy pack, the 40 kilowatt hour pack will do 212 Ks or 131 miles."
"Drive resistance, obviously very important, safety is very big at Volvo, isn't it? 24 onboard sensors, 21 safety and assistance functions, like adaptive cruise automated parking, the NPA intelligent pilot assist is available on selected highways, not everywhere in Jiangxiu. Jay Zhang and Shanghai with wider coverage to be added with software updates are the the interesting Volvo software updates are coming thing, they largely fixed it on the EX 30, by the way, but there is a group of EX 90 owners who are not too happy. Well, they are I think happy of this week because they're updating the physical computer in the cars to improve those vehicles. However, this is forbidden fruits for now, overseas outside of China because the XC 70 being a plugin and made in China is only available in China. Now last night, BYD added three variants to their second gen vehicles, the shin plus and the cut prices on existing versions."
"with the YU7 receiving 289,000 dollars in the first hour of launch. The S-U7 sedan still strong demand. The Munich hub will focus on vehicle performance, EV tech and design working with our research institutions"
"...remaining 2025 Hyundai Tucson Models. Or lease an SE model for $250 per month for 36 months with $2,500 cash..."
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source. Hear that? That's me with a lemonade in a rocker on my front porch. How did I get here? I invested to make my dream home home. Get where you're going with MDY, the original mid cap ETF from State Street Investment Management. Getting there starts here. Before investing, consider the funds investment objectives, risks, charges and expenses. Visit state street.com slash I am for a prospectus containing this and other information. Read it carefully. MDY is subject to risks similar to those of stocks. All ETFs are subject to risk, including possible loss of principle, Alps, distributors,
and bank distributors. Welcome back to the podcast. Today, the Volvo XC 70 BYD updates their best sellers and Dong Feng Huawei partnership. Plus day tune. Later in the show, I'll tell you how many X-Pung P7s rolled off the production line in its first month. Well, welcome to EV news China. The podcast dedicated to the world's biggest EV market every day. I bring your headlines, insights and analysis from the heart of China's booming EV industry and decode how fast moving developments in the East as shaping the global EV industry.
Volvos launch the XC 70 in China. Now that sits between the XC 60 and the 90, and it's built on the SMA super hybrid architecture. So, the XC 70 comes in four trims, retail price starting as 417,000 yuan. That's $57,000 US dollars equivalent. For a limited time, Volvo promoting prices, starting a lot lower though $37,000. Well, drive trains.
Two wheel drive and four wheel drive and a couple of battery sizes as well. You either get 21 or 40 kilowatt hour on the CLTC cycle. The 21.2 kilowatt hour pack will be 116 kilometers or 72 miles on electric power alone. And the big daddy pack, the 40 kilowatt hour pack will do 212 Ks or 131 miles.
Combined with the plug-in hybrid system, the vehicle achieves a total driving range of over 1200 kilometers. So, what is that powertrain well? Pretty common layout, to be honest, in China, at the minute with their plug-in hybrids, it's a 1.5 liter turbo hybrid engine paired with electric motors, so the output is either ranging from 234 kilowatts or up to 340 kilowatts. That's over 450 horsepower, by the way.
The top configuration will do naught to 62 in 5.28 seconds. The battery will not to 80 in 23 minutes. And you can even get six kilowatts out of the thing for vehicle to load inside. Well, it's a Volvo. And they're sticking to the script. And hey, I'm a poll star owner. So I'm fully behind that Nordic inspired floating cabin layout displays include a 15.4 inch central touchscreen.
A 12.3 inch digital instrument display cluster and they've gone for the 92 inch augmented reality head up display. The system supports four zone voice recognition, AI powered trip planning and wireless Apple CarPlay audio is harm and cotton with 23 speakers and immersive surround quality, they say.
Drive resistance, obviously very important, safety is very big at Volvo, isn't it? 24 onboard sensors, 21 safety and assistance functions, like adaptive cruise automated parking, the NPA intelligent pilot assist is available on selected highways, not everywhere in Jiangxiu.
Jay Zhang and Shanghai with wider coverage to be added with software updates are the the interesting Volvo software updates are coming thing, they largely fixed it on the EX 30, by the way, but there is a group of EX 90 owners who are not too happy. Well, they are I think happy of this week because they're updating the physical computer in the cars to improve those vehicles.
However, this is forbidden fruits for now, overseas outside of China because the XC 70 being a plugin and made in China is only available in China. Now last night, BYD added three variants to their second gen vehicles, the shin plus and the cut prices on existing versions.
The three additions include a plugin hybrid, add a couple of bevs, starting prices of about 79, 78,000 RMB, the original or three original shin plus trims were discontinued the remaining three each got a 10,000 RMB discount.
The second generation vehicles now offer two plugin hybrid variants, they start at 78,079,000 RMB and four bev variants that start the little bit more expensive.
Range figures, well, the newly added plugin hybrid variant will do electric only range of 130 Ks, that's about 80 miles, all electric power, the bev variants, well they got to 510 kilometers or 317 miles on the CLTC cycle.
The shin plus debuted back in March 2021, and frankly, that's forever ago in the EV market, and that's particularly forever ago in the Chinese EV market.
2021 did a time ever exist, so it debuted then as a plugin hybrid, then the bevs were added a month or two later in 2021, and then this year they introduced the plus version with smart driving equipment.
Gods I see sales data, well the shin family sold 732,000 units last year, 17% of BYD's annual any of these sales according to CN, EV post, the family of vehicles sold 62,500 units in August, that's BYD's best selling lineup.
It's 1.21% year on year decline though, and a 16% increase from the previous month in July.
Now let's talk about a new partnership, and we'll see where this is going, this is Chinese state-owned automaker Dong Feng Motor Group, and the tech firm Huawei Technologies, saying that they will deepen cooperation in the EV sector after a senior level meeting in Chen Zen this week.
Dong Feng Motor Chairman Yang Qin met Huawei founder and CEO, Ren Zhengfei, to formalize the expanded collaboration, areas of focus will be in vehicle software platforms, advanced driver assist systems, and AI driven applications.
The two companies signed an initial agreement last year that provided for EVs made by Dong Feng, or under their Dong Feng voyeur sub brand, to include the Huawei technology, and that started this year, they opened up a joint innovation lab to serve as the main hub for future work together.
Huawei will support Dong Feng in digitizing its business, and what they call its value chain, so more integration across R&D manufacturing, supply chain marketing, and enterprise functions as well, great use of AI in the back end of how those vehicles make their way to market.
Now, let's talk a little bit about Li Auto, and the Li 6. No, it's the Li i6 in China, isn't it? Electric SUV, and this car looks, I mean, again, this is just bang on family SUV territory.
It's a five-seater, it's quite expensive, it starts at 35,000 US equivalent, that's 250,000 RMB, but this vehicle, I mean, it's just a family sports utility vehicle, it looks fantastic.
But there's something about the roof line of this that looks very futuristic, it is a very sloping roof line, but then as it gets towards the back of the car, it then just kind of cuts off, like an MPV wood, but the vertical cutoff is much lower because you're not needing all the headroom all the way to the back, like an MPV wood.
Yeah, this is definitely one of the more stylish, I would say Chinese EVs, whether the style fits, you know, your personal preference, I don't know, but it certainly stands out a little more, I would say, the Li i6, starting in a single trim, and yeah, I would say that's 35 grand US equivalent, quite expensive Chinese EV, they're now showing up at Li Auto stores, delivery start tomorrow.
The i6 arrives less than two months after they launch the six seat Li i8, well, the Li 6, sorry, the i6's starting price is lower than the Li i8.
Buyers who purchase the i6 by the end of October get limited time benefits of 35,000 RMB value, that includes a cash discount, air suspension, an in-car refrigerator, and quiet electric doors.
The founder, Chairman and CEO, Lee Zhang, said on Weibo yesterday that Li Auto aims for stable monthly deliveries of 6,000 of the i8s, and up to 10,000 of the i6s every month, by the end of the year, adding that, including the lean mega, which is their electric MPV, utterly bonkers vehicle, overall Bev deliveries, will be 18 to 20,000 every single month.
The i6 comes down with a single motor rear wheel drive powertrain, 250 kilowatts of power, and does not to 62 miles now, 6.5 seconds, you can get a dual motor all-wheel drive system, that'll take exactly two seconds off of that 62 dash.
The vehicle uses an 87.3 kilowatt-hour LFP pack, you won't be surprised to hear everything's LFP in China, about 80% of the market.
CLTC range of 447 miles, or 720 kilometers, real world, of course, will be a lot lower. The all-wheel drive variant has a slightly fewer miles of range.
The battery supports 5C fast charging, which is always interesting looking at the peak charge rate, but tell us the charge curve, tell us the time 10 to 80, they say that you can add 310 miles in 10 minutes.
Now, a big fan of the miles per minute, or is it minutes per mile metric, but again, this isn't real world.
So, 5C would be around 420, 430, 440 kilowatts peak, but again, all about the charge curve.
If a car just hits that peak for a second and then ramps down, well there's no point advertising that peak charge peak.
We won't know until someone charge tests it.
The i6 includes the Li also autonomous driving max smart system that's powered by Nvidia drive for you, Chip, and LiDAR as well.
And so, it comes at time when Li is facing strong competition in the EREV market, and some early sales for the i8, which were perhaps weaker than Li also would have wanted.
Their core models do remain EREVs, by the way.
The Li Mega MPV is selling more and more. They delivered 28,000, 28,500 vehicles last month in August.
So, that was down on the year and the third consecutive month of year on year contraction.
So, they'll be bringing some other deals or really compelling reasons to buy those cars to market pretty soon.
We'll take a break, we'll come back Mazda on the way and show me in Germany, stick around, back in the mode.
You really want to be better with your finances. You try to put money away in savings, you look for deals, you wrote out a budget once, a long time ago, you still overdraft from time to time and you still have debt.
The truth is managing money is not easy, but rocket money can help.
Rocket money shows you exactly what you're spending every month.
From there, the app helps you make a budget that means your financial goals. The app even gives you real time alerts when you're about to go over your budget, so you don't spend too much.
With rocket money, you can also see all your subscriptions at a glance and cancel the ones you don't want right from the app.
Rocket money can even try to get you a refund for some of the money wasted.
Plus, you can use this smart savings feature to start putting more money away.
Rocket money analyzes your accounts to determine the optimal time to stow away cash without going over your budget.
Our members report that the rocket money app saved more than $700 a year.
Getting better with money doesn't have to be a pipe dream. Rocket money can make it a reality.
Go to rocket money.com slash cancel or download the app from the Apple app or Google Play Stores.
You're not saying that's it.
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The world's most traded ETF.
Getting there starts here with state street investment management.
Before investing, consider the funds investment objectives, risks, charges and expenses.
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Read it carefully, spy a subject to risks similar to those of stocks.
All ETFs are subject to risk, including possible loss of principal, Alps Distributors Inc. Distributor.
Okay, it's kind of embarrassing how bad I am at budgeting.
Let me see your charges.
Fine.
You spent over $600 on takeout last month.
I can't cook. You know this.
Yes, I have had your disgusting food, but you're literally paying for a meal subscription on top of that.
Whoa, whoa, whoa. That can't be right.
Look, just get rocket money.
It shows you all of your expenses in one place and even track your subscriptions.
And if there's a subscription you don't want, which for you, there are a lot you don't need,
you can just cancel right in the app with a few taps.
So you mean I don't have to call anyone to cancel?
Nope. No hold times or anything.
And they'll even try to get you a refund on some of the months of wasted money, which is a lot of money for you.
Okay, okay.
And if you thought I was done, I'm not.
The app can also help you make a budget that works for your income.
Anytime you get close to your spending limits, it alerts you.
So you know exactly where your money is going at all times.
All right, I'm in. What do I have to do?
Go to rocketmoney.com slash cancel or download the app from the Apple or Google PlaySource.
Hear that? That's me with a lemonade in a rocker on my front porch.
How did I get here? I invested to make my dream home home.
Get where you're going with MDY, the original mid cap ETF from state street investment management.
Getting there starts here.
Before investing, consider the funds investment objectives, risks, charges and expenses.
Visit statestreet.com slash I am for perspectives containing this and other information.
Read it carefully.
MDY subject to risks similar to those of stocks.
All ETFs are subject to risk, including possible loss of principle, Alps Distributing Distributor.
Welcome back to the podcast. Now let's talk about Mazda and the EZ60 in China.
Mid-size SUV, either pure electric or range extended setup, six possible configurations.
Pricing begins at 120,000 yuan.
It's about 16, 17,000 US dollars.
This is a really good looking car.
This little Mazda EZ60.
It's an SUV because everything's an SUV these days, isn't it?
But look, I think styling wise, it's very Mazda and particularly the front end.
That's got that real family face on it, which is, I think, a good thing.
Car looks great.
What about what's inside it?
Well, the exterior emphasizes efficiency.
Closed off grill, slim lighting, flush handles, streamlined arrow.
Inside, the tech takes center stage, a 26 inch 5K floating display.
Yeah, this thing is huge inside the display.
Absolutely enormous.
And it is a portrait.
So, sorry, it is a landscape.
It's the opposite of what I just said.
It's a landscape one.
And it's one of those screens that literally starts at the drivers, you know,
just by the right hand on the steering wheel.
It's a left hand drive car.
And then just goes all the way across to the passenger.
Oh, it's huge.
And then you've got the screens for the wing mirrors as well.
Again, this is a 16,000 dollar equivalent car that's packed full of technology.
And, you know, cameras for wing mirrors and all of that kind of stuff.
Massive screen.
And on top of that huge screen, as if basically living inside an iMacs wasn't enough,
is a 50 inch augmented reality head up display.
And even a 100 inch 3D projection option.
Seats, heated, ventilated mass ashing.
Of course, 23 speaker system, 19 inch wheels, 21s on an option.
And buyers can choose from seven paint finishes.
Performance stiffens by powertrain.
Electric version has a 190 kilowatt motor.
A 78 kilowatt hour LFP pack, 600 Ks of range.
The hybrid version has a battery pack of 32 kilowatt hours.
Still huge by Western standards, but a bit of a little tittley one.
By Chinese standards these days at the global new energy.
Or as Mazda's first new energy vehicle in the global kind of stage, the EZ60.
Internationally, we'll call that the CX6E.
I know.
Come on Mazda.
The CX6E is a big step in how Mazda is going electric.
Xiaomi's next in the news.
They're strengthening their globally V ambitions with a new R and D center in Munich.
It's first outside China.
This facility marks the start of their euro expansion ahead of planned car sales into the region.
In 2027, Xiaomi vehicles have drawn huge interest back at home
with the YU7 receiving 289,000 dollars in the first hour of launch.
The S-U7 sedan still strong demand.
The Munich hub will focus on vehicle performance, EV tech and design working with our research institutions
to develop smart mobility solutions.
Xiaomi's move comes as the Chinese EV makers like X-Pung, BYD are moving overseas
as growth at home is incredibly difficult.
Setting up sales and expansion over here.
By establishing an R and D base, Xiaomi signals long-term commitment to collaboration and innovation in Europe.
Let's talk a little bit about X-Pung expanding into Switzerland and Austria.
Their European expansion continues.
I mentioned Hungary, Slovenia and Croatia already earlier this week confirming Switzerland as the next market.
Launching the G6 and G9, the P7 Plus.
Next year, sales begin through head-in group.
Austria follows in October, adopting the same dealership model used in Germany,
sites in Vienna, Salzburg, Grutz and Klagenfurt will lead to a target of 10 outlets by the end of the year and 20 by the end of 2026.
German dealers networks count for 35 locations already.
Expansion into Hungary, Slovenia and Croatia, as I mentioned,
managed to rejoin venture with Otto Wallis, full story on yesterday's podcast, maybe the day before.
Now we're talking about X-Pung, we'll finish off by talking about the P7.
How many of the X-Pung P7 have they rolled off the production line in the first 30 days?
Well, that would be 10,000 of them, what a milestone in the first month as well.
If it's less than a month, if you technically it's August 27th.
And so deliveries now include models equipped with the passenger seat, zero gravity seat as well.
The P7, I guess I would describe it as an executive Torah or as an executive sedan, saloon, vehicle,
low slung, really special car, this is tons of performance, not the cheapest.
Obviously, but the P7 does come in four versions and they always name them after the kilometers they'll do.
So you've got the 702 version, that is 220,000 you want, and it does 702 kilometers.
And then you've got the 820, which is the 820 Ultra.
And that'll do 820 kilometers on CLTC.
That's only 240,000 you want.
Then if you add performance or more motors, well then you've got the 750 version, which is, yeah, you know, 750 kilometers.
And you've got the 750 Ultra Wing edition.
Now that Ultra Wing edition, when we first saw it, took everyone's breath away because it uses
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