Latest in EV news, technologies, data and insights from China market
Xiaomi YU7 GT clocks 7:34.931 at Nürburgring, beats Audi RS Q8 Performance by nearly 2 seconds. Third Chinese model to set a segment record; first Chinese SUV atop the lap chart. On sale May 21. Estimated price $58K-$72.5K
Xiaomi adds CALB as fourth battery supplier for new Skynomad EREV brand. Kunlun N3 splits battery quota 60% to Sunwoda; 40% to CALB. The move cuts single-source risk and controls costs.
BYD enters bidding for 24 percent Alpine F1 stake; eyes Renault’s Viry-Châtillon engine plant. F1 CEO and BYD executive confirm ongoing talks for potential 2026 entry.
Li Auto launches 2026 L9 flagship SUV on May 15; prices start at $66,671 with $2,900 limited discount. The model packs 2560TOPS Mach chips and 800V active suspension.
BYD Dolphin G PHEV spy shots leak ahead of June Europe launch. The model shares powertrain with Atto 2 DM-i; delivers 90km EV range, 1000km total range. It is BYD’s first car built exclusively for European buyers.
China’s used car market enters correction phase in April. Transactions fall to 1.67 million units, down 6.73% MoM and 1.76% YoY. Cumulative sales for Jan-Apr rise 2.93% YoY to 6.49 million units.
Huawei, JAC, Stellantis and Maserati negotiate a four-way tie-up to jointly develop Maserati-branded new energy vehicles, with Huawei in charge of core technology and product definition, and JAC taking charge of R&D and production.
Luxeed FUV spy shots drop. Low fastback, hidden door handles, roof lidar. Huawei 800V, triple-motor possible.
Tesla launches a 0.99% APR financing plan in China from May 13, cutting monthly payments to attract entry-level buyers alongside existing zero-interest options.
Tesla slips out of China’s top three EV wholesalers in April as local rivals widen the tech gap. Musk’s upcoming China visit fuels speculation over FSD’s local debut and possible rebranding.
Li Auto’s first in-house AD chip Mach 100 enters mass production. CEO Li Xiang dismisses “copycat spending” claims, highlighting systemic capabilities over single specs. The five-year chip project remedies the first-gen L9’s flaws, and the new L9 Livis will carry dual chips as Li Auto faces shifting sales and fiercer competition.