August 12, the global quality pure electric SUV Fengyun T7 officially launched pre-sales. With the theme 'Building good cars takes patience, thank you for waiting', it conveys Fengyun T7's long-termist philosophy of building cars, polishing products to global standards, and committing to quality. The new vehicle comes in 3 versions with a pre-sale guide price ranging from 109,900 yuan to 129,900 yuan, along with 7 sets of purchase benefits.

Currently, the global automotive industry enters 'China Time', with Chinese new energy intelligent manufacturing continuing to lead the overseas market. Relying on Chery's 23-year global technology accumulation, Fengyun T7 walks a reverse export trial path, refusing the industry's rapid car-making ideas, and polishing the overall vehicle strength with full-link global strict standards. Centering on the six core new rigid demands of quality life, integrating aesthetics, safety, travel, intelligence, comfort, and peace of mind rigid demands, creating a global quality pure electric SUV, adapting to diverse scenarios such as commuting, long-distance, outdoor, and multi-person travel.

Aesthetic Requirement | Global Aesthetics Blend Eastern Elegance, Long-lasting Quality

Relying on Chery's 10 global design centers, over 5,000 domestic and international users co-created throughout the process. The same-source model Lepas L6 appeared at the Milan Design Week gaining international recognition. Fengyun T7 blends global aesthetics, appearance stays online persistently. Wind-sculpted front face, wind-shaped satin body, sky twilight tailgate, balancing international simple aesthetics with eastern elegant charm. Whole car paint standards sync with overseas severe weather resistance requirements, providing 6 color choices: Blazing Orange, Mountain Mist Purple, Cloud Pink Beige, Flowing Silver, Green Bamboo Grey, Ink Stone Black.

Interior available in Warm Black-Brown and Polar Night Obsidian styles. The Cloud Wing enveloping cockpit features extensive soft-touch surfaces, pebble-like floating speakers, and exquisite diamond quilting details. All interior leather, seals, and plastic components resist hardening and fading, remaining fresh and attractive after long-term use, balancing aesthetics and texture.

Safety Requirement | All-domain Five-Star Protection System, Comprehensive Global Road Coverage

Fengyun T7 benchmarks 2026 version E-NCAP five-star safety standard design, functional safety ASILD highest level. 2 years planning, 3 years R&D, total investment of 81 exclusive durability cars for synchronous road tests, whole vehicle cumulative test mileage over 6 million kilometers, durability special test 1.45 million kilometers, while targeting Southeast Asia rainy season, Middle East high temperature exposure, Indonesia high humidity and other multiple global regions for extreme actual vehicle trials.

Body adopts 80% high strength steel, 18.84% hot formed steel to build 9 horizontal 5 vertical cage body, adopts shotgun structure, double frame subframe + Pack bumper, steel bone ensures cabin safety, front 9 paths + side 6 paths collision force transfer path maximizes dispersing collision energy, retaining cabin survival space; In addition, equipped with 9 airbags, including 48L dual chamber far-end airbags and rear side airbags, 360-degree comprehensive protection. Fengyun T7 full series equipped with Rhino Battery, super strong 6D protection builds battery safety fortress, comprehensively resisting extrusion, piercing, impact, constructing multi-layer 3D safety barrier for power battery. Facing summer heavy rain frequently, Rhino Battery IP68 waterproof is 96 times national standard, fear no rainy season flooding, road waterlogging, outdoor wading, effectively preventing battery water short circuit hazards.

Travel Requirement | Full Series 600km Range Equality, Adapting to Global Diverse Climate Conditions

Based on global multi-region energy and climate needs, Fengyun T7 achieves range configuration equality for the whole series, standard large capacity Rhino Battery 65.05kWh, CLTC 600km range, actual measured range 667+km, 'reverse false labeling' solves anxiety. Battery 30% charge to 80% only needs 20 minutes, a cup of coffee time ready to depart again.

Fengyun T7 equipped with all-domain integrated thermal management dual-source wide heat pump AC + high pressure PTC, northern users can drive with confidence in winter. -30°C to -55°C ultra-wide temperature range stable operation, low temp heating more power saving, high temp heat dissipation more efficient. Cooperating with full series standard AGS intelligent air intake grille and 14 low wind resistance optimizations, high and low speed energy consumption more stable.

Intelligence Requirement | Cockpit Drive Integration 8775 Chip Half Understands You Half Protects You

New energy era, no intelligence no quality. Fengyun T7 equipped with cockpit-drive integrated 8775 chip, achieving cockpit-drive dual optimization, two domains seamless coordination, half understand you, half protect you. The chip has 4nm process, 72TOPS high computing power, response only 80ms, startup speed up 33%, startup speed faster, screen operation more smooth, intelligent interaction response more swift.

Regarding smart cockpit, 15.6-inch 2.5K high definition large screen picture delicate real, anti-glare, anti-reflection, anti-fingerprint, CarPlay, HUAWEI HiCar, CarLink wireless connection, covering market 99%+ mobile phone screen casting, get on car can achieve seamless interconnection. Lingxi Smart Cockpit 2.0 brings all-around companion partner, owns Little Qi, Northeast Aunt, Debate Master, Language Teacher, Story Teller, Pro Debater six human-like companion experiences. Built-in Nap, Camping, Pet, Refreshing etc six scene modes, let car truly become mobile space understanding you.

Fengyun T7 equipped with Falcon 500 driving assistance system, integrated 3 millimeter wave radars, 7 high performance cameras, 12 ultrasonic radars, total 22 high precision sensors (3R7V12U), see far, see clear, measure accurate. Can 300+ full scene automatic parking, industry coverage most complete. Dead end parking, one-key tracking reverse, cross-floor parking etc can achieve, say goodbye to 'parking difficulty' from now on, achieve parking freedom.

Comfort Requirement | Super Large Cockpit Space Master Level Chassis Tuning Steady Travel

Whole vehicle dimensions 4570x1852x1694mm, wheelbase 2700mm, interior space utilization rate 84%, rear row pure flat floor, same level leading 911mm leg space, rear seats folded expand 1955mm pure flat large bed, regular trunk 450L, expand to 1550L, sufficient loading space adapts to outdoor crossing, multi-person group travel.

9-layer cloud feeling seats, soft but not collapsing, long sitting not tired, additionally seats also have ventilation heating function. Heating aspect, achieve 3-gear temperature control adjustment, -20°C environment, 5 minutes fast heat to 30°C, quickly warm whole body; Seat ventilation adopts suction design, summer back not stuffy sweat, meet user comfort needs. Detail aspect, Fengyun T7 also can be praised. Whole car 38 clever storage spaces, storage orderly, enjoy exquisite life. Four max load 300kg riveting rings and two max load 3kg hooks, camping equipment, large goods can be firmly fixed.

Comfortable driving, cannot leave outstanding chassis support. Fengyun T7 chassis adopts by Maserati former chassis tuning expert led international chassis team dedicated polishing, 50.8:49.2 golden axle load ratio effectively suppress steering push head, swing tail phenomenon, improve cornering stability and straight line tracking. As early as 2009, Chery independently designed China's first ground mobile type dual axis K&C test bench. 26 years design foundation empowers chassis performance, bring more excellent driving quality experience.

Peace of Mind Requirement | 2 Lifetime Rights + 2 Guarantee Rights, Full Cycle Car Use Worry-free

Chery not only brings users hard core strength products, but also stands from user perspective, fully consider buying car after whole cycle car use experience, face everyone regarding vehicle fault, later maintenance car cost etc actual concerns. For this Fengyun T7 launches two big guarantee safeguards, two lifetime rights, from buying car to long term use whole journey guard.

Two Guarantees: ① Power Battery Safety Guarantee: Due to power battery itself reasons causing whole vehicle thermal runaway damage, Chery will compensate same model new car or not lower than original car configuration new car; ② Assisted Driving Guarantee: From purchase date within one year, in 'Parking Scenario', 'Intelligent Navigation Scenario' judged as 'Intelligent Driving Assistance System Reason' causing accident, causing on-board personnel injury and third party loss compensation, max compensation 5 million.

Two Lifetime Rights: ① Whole Vehicle Lifetime Warranty: Value 10,000 yuan whole vehicle lifetime warranty (including three electric systems), consumable parts, special parts excepted; ② Lifetime Maintenance Package: 666 yuan purchase value 3999 yuan lifetime basic maintenance package (1 time/year).

From global standard R&D, global aesthetics design, global craft manufacturing, to global road conditions verification, Fengyun T7 experienced world tempering, finally rushes to China users, with appearance, travel, safety, intelligence, comfort, peace of mind six major rigid demand's full satisfaction, responding to all expectations of quality families.

Fengyun T7, not only is a vehicle condensing global technology and quality, but also is global standard and China family needs deep resonance era choice.

Profited massively, these three words can only describe CATL's performance in the first half of 2026.

On July 24, CATL released its semi-annual financial report. For the first half of 2026, CATL reported operating revenue of 276.917 billion yuan, a year-on-year increase of 54.80%; net profit attributable to shareholders was 43.284 billion yuan, a year-on-year increase of 41.98%; net profit after deducting non-recurring gains and losses was 39.013 billion yuan, a year-on-year increase of 43.44%. This means that regarding the core net profit attributable to shareholders, CATL earned 12.8 billion yuan more than the previous first half! In CATL's hands, cash and equivalents total approximately 340.58 billion yuan.

 

Looking at business segments, CATL achieved rapid growth in all three business segments. Among them, power battery systems generated revenue of 192.125 billion yuan, a year-on-year increase of 46.02%, accounting for 69.38% of total revenue; energy storage battery system revenue was 53.261 billion yuan, a significant year-on-year growth of 87.54%, accounting for 19.23% of total revenue; battery materials and recycling, mineral resources business revenue was 18.811 billion yuan, a year-on-year increase of 67.23%, accounting for 6.79% of total revenue. It can be seen that energy storage is the engine of CATL's growth this year.

From the perspective of gross margin, the gross margin of the power battery system segment was 20.63%, a decrease of 1.78% compared to the same period last year. The gross margin of the energy storage battery system was 23.96%, also down 1.56% from last year. The gross margin of battery materials and recycling, mineral resources business was 27.04%, an increase of 5.81% compared to last year. From the perspective of domestic and international markets, CATL's gross margin in the domestic market is declining, with a gross margin of 21.16%, down 1.78%. From the international market perspective, the gross margin is far higher than the domestic market, reaching 29.97%, an increase of 0.95% compared to last year.

From a market perspective, CATL's global leading position in power batteries is further strengthened. From January to May 2026, the global power battery market share was 40.2%, an increase of 2.2 percentage points year-on-year; domestic passenger vehicle installation share was 46.7%, an increase of 5.6 percentage points year-on-year, with domestic ternary battery market share reaching as high as 75.2%. Overseas markets broke through simultaneously, with overseas revenue accounting for 31.46% of total revenue, and overseas share steadily rising. Production capacity at overseas bases in Hungary, Spain, Indonesia, etc., continues to be established.

 

In the energy storage field, according to data from Xinlun Information, the company's energy storage battery shipments ranked first globally from January to June 2026. This is mainly due to AI computing power and new energy grid connection driving the concentrated landing of overseas and domestic energy storage projects. The energy storage side launched the 9MWh ultra-large capacity TENER, 6.25MWh Tianheng liquid-cooled energy storage cabin, and sodium-ion complete station system. Signed a three-year 60GWh sodium-ion energy storage long-term order with Hopeson, and landed large-scale independent energy storage benchmark projects.

Meanwhile, emerging businesses such as battery swapping, low-altitude eVTOL, and ships are being promoted in an orderly manner. Approximately 2,000 "Chocolate" passenger vehicle battery swapping stations have been built nationwide. The company's 5-ton class eVTOL has entered the airworthiness certification phase. Overseas heavy-duty truck battery swapping joint ventures have been established. Overall, currently CATL has sufficient capacity reserves. Existing battery system capacity is 525GWh, under-construction capacity is 764GWh, and capacity utilization rate is 94.86%.

Of course, for CATL, its growing profitability will inevitably attract criticism. This is because, looking at the current industry, the profitability of car companies is relatively too weak. In the first half of 2026, the average profit margin of the whole vehicle manufacturing industry was about 1.5%, creating a new low in nearly ten years. From the disclosed 2026 semi-annual performance forecast, the days of whole vehicle enterprises are clearly not good.

Except for BAIC BluePark forecasting a net profit increase of 14.65%-23.32% year-on-year, several other mainstream car companies showed significant declines: Haima Automobile (000572.SZ) forecast net profit decreased 0.64% to 47.61%, Changan Automobile, Great Wall Motor forecast decline both exceeded 57%, GAC Group forecast decline approached or even exceeded 60%, Seres forecast net profit year-on-year decline was between 151%-161.2%, turning from profit to loss. According to calculations, currently a terminal-priced model costing about 200,000 yuan, net profit per vehicle is only about 3,000 yuan.

Against this background, CATL will undoubtedly once again face the questioning of "car companies working for CATL". In 2025, CATL's operating revenue was 423.702 billion yuan, net profit attributable to parent company was 72.201 billion yuan. In the same year, the combined net profit of the five top car companies BYD, Geely, SAIC, Great Wall, Changan was 73.5 billion yuan, only 1.3 billion yuan more than CATL alone. And in the first quarter of 2026, CATL's net profit attributable to parent company was 20.738 billion yuan, while the combined total of the seven car companies Chery, Geely, BYD, SAIC, Great Wall, Seres, Changan was 17.5 billion yuan, the sum of the seven being less than CATL alone.

In June 2026, CATL Chairman and General Manager Zeng Yuqun, in a media interview, used the photovoltaic industry as a comparison to respond to car companies' complaints about its prices. He stated, "Now the lithium battery industry hasn't met the disastrous result that the photovoltaic industry has now, because CATL is propping up this price. As long as CATL brings the price down, it will be even worse than photovoltaic. Of course, this has not fully quelled outside doubts."

However, CATL also has grievances about the industry status quo. Zeng Yuqun previously stated that many people want to enter the battery industry. The first thing they do is come to CATL to poach talent or steal a bit of technology; then go to equipment manufacturers and material manufacturers, see what formulas they have, then combine them and say they have money to invest, and they get in. Zeng Yuqun pointed out that the imitation level of others (other manufacturers) might only be 60-70 percent, but they use low-price competition.

For example, in the procurement process of some enterprises, some decision-makers are only oriented towards completing current KPI (Key Performance Indicators), while the verification cycle for battery quality is long, and potential defects often appear only after the vehicle has been used for three to five years.

Zeng Yuqun believes that the reason why this low-price competition works is rooted in the impatient mindset and short-sighted behavior of some market participants. He believes that without CATL holding the front, the battery industry would be very chaotic. And looking at it from this perspective, it is actually not unreasonable for CATL, as the leader, to make money. What is scary is that if the leader doesn't make money, then this industry will be in danger.