X @Herbert Ong

Market Competition - Onvo's Fei Shen indicates intensified competition in the six-seat EV SUV market due to Tesla's new Model Y L (339,000 yuan) and Li Auto's i8 [1] - The six-seat SUV market is described as particularly active in the second half of the year [1] EV Market Trends - Pure electric vehicle market is experiencing rapid year-on-year growth [2] - Range-extender and plug-in hybrid vehicle sales are declining year-on-year [2] Onvo Performance - Onvo's L90 demonstrates strong demand with 3,790 registrations last week, a 17% increase [2]