Geely-backed Polestar Shuts Last Physical Store in China, Shifts to Online Sales
In the first half of this year, Polestar sold just 69 vehicles in China, recording zero deliveries in both April and May.
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In the first half of this year, Polestar sold just 69 vehicles in China, recording zero deliveries in both April and May.
Since the tariff took effect, sales of BEVs in Canada have fallen 39.2% YoY, PHEVs declined 2.2%, and only HEVs bucked the trend, posting a 60.7% increase.
In the first nine months of 2025, China’s NEV retail totaled 8.878 million units, up 24% YoY.
In the pure electric mid-size SUV residual value ranking, ONVO L60, Tesla Model Y and Zeekr 7X led with residual value rates of 71.9%, 71.7% and 71%, respectively.
The new funding will be used to intensify AI research and accelerate the deployment of L4 autonomous driving in more cities.
NIO’s fifth-gen power swap station will go live around Christmas, shaving tens of seconds off swap time compared with the current fourth-gen platform.
To date, NIO has deployed 8,280 charging and swap stations nationwide, including 3,520 swap stations and 4,760 charging stations.
XPeng’s in-house XNGP ADAS will be integrated into VW-branded EVs in China, with the initial vehicle set for production in 2026.
IM Motors has partnered with Eurokars EV, a subsidiary of Eurokars Group—Singapore’s largest privately held automotive group
It took BYD just over two months to move from 13 million to 14 million NEVs.