China Targets 40% Electrification Rate for New Heavy-Duty Trucks by 2030
China aims for electric heavy trucks to represent 40% of new sales by 2030, with significant infrastructure support and rapid growth expected.
Canada Industry Minister Courts Chinese EV Makers, Eyes Local Plants
Canada is courting Chinese automakers to enhance its automotive sector, attract investment, and ensure job security, shifting policies to encourage EV collaboration while imposing conditions on partnerships.
Li Auto Grants HK$2.3 Billion in Equity Incentives With Market Cap Targets
Li Auto granted new equity incentives tied to market performance, adjusting vesting structures amid recent operational challenges and losses.
China Enforces New EV Safety Standards From July on Batteries and Vehicles
New Chinese EV safety standards effective July 1 enhance crash protection and battery safety, emphasizing hardware solutions and real-world testing.
CIC Bluebook: Momenta, Huawei Control Over 80% of China Urban NOA Market
CIC Consulting’s report reveals China’s NEV penetration will reach 54% by 2025, with urban NOA adoption surging significantly.
Turkey Ends BYD Tax Breaks After $1 Billion Plant Plan Stalls
Turkey’s government ceased BYD’s import tax benefits due to delays in its planned factory, prompting BYD to focus on a more strategic Hungary facility.
XPeng Starts X9 Deliveries in Seven European Markets
XPeng X9 launches in seven European countries, features advanced design, and aims for global expansion.
NIO Bags Four Spots in China’s Full-Size EV SUV Ranking as AITO M9 Drops Out
The landscape of China’s full-size new-energy SUV market shifted quietly in May. NIO Inc. emerged as the biggest winner, dominating…
China Pickup Sales Rise 16% in May as Exports Hit New High
China’s pickup truck market continued its recovery in May, with exports accounting for a record share of total sales for the first time.
China-Made Tesla Model Y Tops Japan’s Imported Car Rankings in May
Tesla’s Model Y became Japan’s best-selling imported passenger car in May 2026, showing significant growth in registrations.
