Luxury EV built with Huawei outsells Porsche's Panamera and BMW's 7 Series in China

Core Insights - Chinese electric vehicles (EVs) are gaining significant traction in the luxury segment, with the Maextro S800 outselling established models like Porsche's Panamera and BMW's 7 Series in China [1][2] Group 1: Sales Performance - The Maextro S800, co-developed by Huawei and JAC Group, recorded 2,145 deliveries in mainland China last month, surpassing the combined sales of the Panamera and 7 Series [1][3] - The S800 is now the top-selling car in the 700,000 yuan-plus price segment in mainland China [2] - Prior to the S800's launch, the luxury car segment in China was dominated by international brands [4] Group 2: Market Dynamics - The S800 debuted in late May and offers both pure electric and extended-range editions, marking a shift in the luxury car market previously dominated by petroleum-powered vehicles [4] - Chinese EV makers, including BYD and Leapmotor, have successfully captured the mass market, leading to a decline in market share for foreign brands like Volkswagen and General Motors [5] - Approximately 60% of new cars sold to mainland customers are now battery-powered or plug-in hybrid models, indicating a significant shift towards electric vehicles [5]