Volvo to Raise Polestar Stake to 19.9% via Debt-to-Equity Conversion
On March 31, Polestar announced that Volvo Cars has agreed to convert approximately $274 million in outstanding shareholder loans into…
March 2026
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China Auto Inventory Pressure Rises as VIA Hits 57.5% in March
Industry estimates place China’s passenger vehicle retail sales at around 1.8 million units for March.
China Auto Imports Rise 25% in Jan–Feb, NEV Share Falls to 1%
NEVs have nearly disappeared from imports, with share falling to just 1% and BEV imports plunging 88% YoY.
Volkswagen Joins China’s Range-Extended SUV Race with ID.ERA 9X
On March 30, Volkswagen’s first range-extended model, the Volkswagen ID.ERA 9X, opened pre-sales in Shenzhen with a price range of…
Dongfeng Asset to Boost Stake in Voyah’s H Shares by Up to $35 Million
Dongfeng Asset plans to buy RMB 250 million in Voyah shares to boost confidence post-listing.
Geely Taps Volvo to Lead Lynk & Co Expansion in Europe
No equity changes involved in this MoU—Lynk & Co remains under Geely control, while Volvo focuses on commercial execution to accelerate expansion.
BYD Subsidy in Japan Slashed by Over Half, Toyota bZ4X Gets Nearly 10x Support
Japan cuts BYD EV subsidies by over 50% to 150,000 yen ($939), while domestic models like Toyota bZ4X retain up to 1.3 million yen ($8,190), widening the competitive gap.
BYD Raises Export Target by 15% in 2026 as Overseas Demand Surges
BYD aims for 1.5 million vehicle exports by 2026, driven by strong overseas market growth despite domestic sales pressure.
BYD Deepens Grenergy Partnership with 2.6 GWh Energy Storage Deal in Chile
BYD and Grenergy signed a deal for 468 MC Cube-T energy storage units in Chile’s Oasis de Atacama project, which has 2.6 GWh capacity and aims for completion by 2027.
Firefly Hits 50,000 Deliveries in 11 Months
Firefly achieved 50,000 deliveries in 11 months, expanding globally while launching limited editions and upcoming product updates.