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HomeAutomotive news China, Europe, USAEV / Electric vehicleChina EV Daily (Aug 9): Li Auto reports significant revenue growth, BYD...

China EV Daily (Aug 9): Li Auto reports significant revenue growth, BYD launches new version of Destroyer 05, Geely enters sports business

[Li Auto] On August 9, Li Auto released its latest financial report, announcing revenue of 28.65 billion yuan for the second quarter, higher than the estimated 27.21 billion yuan (3.77 billion USD), and a significant increase from 8.73 billion yuan (1.2 billion USD) in the same period last year, representing a 228.1% year-on-year growth. The company delivered 86,500 vehicles, up from 28,700 in the same period last year. In the Q2 2023 earnings call, Li Auto’s Chairman and CEO, Li Xiang, expressed confidence that Li Auto MEGA would become the top-selling new blockbuster product priced above 500,000 yuan (69,300 USD). — IT Home

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[BYD] On August 9, BYD officially launched the Destroyer 05 Champion Edition 120KM luxury model, priced at 119,800 yuan (16,600 USD). As a new addition, the 120KM version reduces the purchase threshold by 9,000 yuan (1,240 USD), making it more attractive to buyers. With this launch, there are now six models of the BYD Destroyer 05 Champion Edition on sale, with official prices ranging from 101,800 to 148,800 yuan (from 14,100 to 20,600 USD). — Pacific Auto

BYD Destroyer 05 2023 Champion Edition DM-i 55KM

[Geely] On August 9, according to the Tianyan Check App, Zhejiang Chaoji Race Track Sports Co., Ltd. was established on August 8. Represented by Weng Xiaodong, with a registered capital of 100 million yuan (13.89 million USD), the company’s business scope includes organizing sports performances, operating sports venues, organizing sporting events, ticket agency services, property management, car sales, and driver training. — Cai Lian Agency

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[BYD] On August 9, BYD’s production line in China saw the completion of its 5 millionth electric vehicle. This milestone reflects the company’s commitment to electric vehicle manufacturing. It continues to contribute to the growing market of electric transportation in the region. — CNC

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