EV Sector Roundup: Volkswagen's Market Strategy and Advancements from CATL and Xiaomi

Volkswagen is taking significant steps to recover its market position in China, displaying an impressive array of 44 vehicles at the Beijing Auto Show, which includes 22 electric vehicles (EVs) Highlighting VW's commitment to the youth market and the electric revolution, the new ID.UX sub-brand encapsulates the company's ambition to capture 15% of the market by 2030 In a related breakthrough, CATL has introduced its innovative LFP battery pack, the Shenxing Plus, promising to revolutionize EVs with its remarkable 1,000-kilometer range on a solitary charge. Meanwhile, Xiaomi has reported a substantial consumer interest in its SU7 model, with 75,723 orders already in the queue The tech giant aims to satiate this demand, targeting deliveries of over 10,000 units by the upcoming month of June.