Xinwangda Secures Battery Contracts for Xiaomi and Lixiang Electric Vehicles, Highlighting Cost Competition Among Battery Manufacturers

Published: Jun 21, 2024 09:37

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Xinwangda Wins Battery Contracts for Xiaomi's New Electric Vehicles and Lixiang's Pure Electric Vehicles, Second-Tier Battery Manufacturers Compete on Price" It is reported that Xinwangda's power battery company, "Xinwangda Power", has won the battery contract for Lixiang's M8, M7, and Xiaomi's third model, Kunlun. Xinwangda responded that it was不方便 to disclose due to confidentiality agreements. Sources close to the matter revealed that Xiaomi's third model is strictly cost-oriented and priced at the level of 150,000 yuan, which is also one of the key factors for selecting Xinwangda as the contractor. "The system-level quotation may be less than 0.5 yuan per watt-hour.

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