China’s Used-Car Supply Tops 770k in May, HIMA Resale Values Fall
The China Automobile Dealers Association’s May 2026 report shows a recovering used-car market with increased listings and rising consumer demand, particularly for subcompact vehicles, despite declines in overall value retention among luxury brands.
Leapmotor Major Shareholders Boost Stakes by $62.5 Million
Leapmotor’s shreholders increased their stakes again, while the company reported significant vehicle sales but widening net losses.
BYD South Korea Sales Halve in May as Chinese Brands’ Share Falls to 3.5%
In May 2026, South Korea’s imported vehicle registrations rose 5.9% year-on-year, with electrified vehicles making up 89% of imports.
Chery Taps Nissan’s UK Sunderland Plant for Vehicle Production From 2027
Nissan and Chery signed a non-binding MOU for future vehicle production cooperation at Sunderland plant, starting in 2027, enhancing Chery’s European expansion.
BYD Partners with Energy Giant Sinopec on Charging Network
BYD partners with Sinopec to enhance flash charging stations and diversify energy service ecosystems.
BYD’s German Registrations Grew 232% in May, Exceeding Tesla for the Second Month
Germany’s new vehicle registrations grew 3.6% in early 2023, with EVs surging 39.3%. Chinese brands BYD and Leapmotor showed remarkable growth, outperforming traditional automakers.
Chinese Carmakers Capture Record 14% UK Market Share on Strong EV Growth
In May 2026, UK EV registrations surged, with battery-electric vehicles growing 31%, capturing 27% market share amid declining gasoline registrations.
RoboSense Wins 500K-Unit FAW Toyota LiDAR Supply Deal
RoboSense has secured a major contract with FAW Toyota for over 500K digital LiDAR units, marking significant growth in China’s intelligent-driving sector and international recognition.
China NEV Retail Sales Reach 974K in May, Penetration Climbs to 63%
In May, China’s passenger vehicle sales dropped 20% annually, yet improved 12% from April amidst ongoing market adjustments.
Tata Taps Chery Platform for Premium EVs, First Avinya Model Due in 2027
Tata Motors will license vehicle technology from Chery for its Avinya EV program, adapting to changes in their production strategy.
