Latest in EV news, technologies, data and insights from China market
The new IM LS6 opened for preorders on August 15, with prices ranging from RMB 209,900 ($29,400) to RMB 279,900 ($39,200). The model is scheduled to officially launch on September 10.
Chery is steadily marching towards the goal of becoming one of the top ten global automobile brands.
EVE Energy launched the “Longquan II” all-solid-state battery, featuring high energy densities, with production expanding at its Chengdu facility for advanced applications.
Elon Musk unveiled Tesla’s “Master Plan 4.0,” focusing on integrating AI through products like Optimus and Robotaxi, aiming for a “sustainably abundant” future.
With over 35,000 units sold in just 39 days, the Sealion 06 has quickly become BYD’s latest blockbuster.
Li Auto’s i9 model will expand its electric range, featuring larger dimensions and upgrades. Expected to compete against NIO ES8 and others, official specs remain unannounced.
From January to July 2025, Chinese firms took six of the global top ten in EV battery capacity, with CATL and BYD holding 55.3% of the market.
NIO aims for 50,000 monthly deliveries by Q4, despite a Q2 net loss. The company is enhancing cost control and optimizing product mix for profitability.
This capital increase will provide financial guarantees for BYD’s global expansion, investment in research and development, and improvement of production capacity.