Xiaomi YU7 SUV Launch: What to Expect on May 22
Xiaomi’s founder, Lei Jun, announced a product launch event for the YU7 SUV and other items on May 22, emphasizing safety improvements following a recent accident.
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BYD Expands European Presence with New Headquarters in Hungary
On May 15, BYD established its European headquarters in Hungary, enhancing market presence with sales, testing, and R&D functions, while creating 2,000 jobs and expanding electric model offerings.
NIO Launches World Model for Seamless Autonomous Driving
Harry from NIO showcased the World Model’s Navigate-on-Pilot system in a video, highlighting its capabilities on a 39.3-kilometer route, with more details to come at the launch event.
2026 Leapmotor C10: Price, Features, and Specs Breakdown
The 2026 Leapmotor C10 debuted with premium features and dual powertrains, priced between 122,800-142,800 yuan, marking a significant advancement in the EV market.
NIO’s Strategic Moves for Q4 Profitability
NIO’s executive briefing highlighted strategies for Q4 profitability, product launches, enhanced cost control, and expansion of battery swap stations, emphasizing technological advancements and partnerships to regain market share.
ONVO’s New Start: Shen Fei Takes Over as President
ONVO announced disappointing March sales of 4,820 units, leading to Alan Ai’s resignation. Shen Fei was appointed as President, initiating a strategic shift in management to improve performance.
CATL Launches Naxtra Battery, Mass Production Starts in June
CATL launched three new battery products: Sodium New battery, freevoy dual power battery, and second-generation Shenxing superfast charging battery during its first “Super Tech Day.”
BYD Q1 2025 Revenue Hits 170.36B RMB, Up 100.38% YoY
In Q1 2025, BYD achieved 170.36 billion yuan revenue, 9.155 billion yuan net profit, and sold 1,000,804 vehicles, all demonstrating significant year-on-year growth.
XPeng Launches Smart Driving Assistant Assurance Package
XPeng launched the “Smart Driving Assistant Assurance Package” for 239 yuan yearly, featuring comprehensive coverage, limitless claims, and valid for all models, easing users’ concerns.
Flash: JIYUE in Talks with 3–4 Parties to Avert Bankruptcy
Xu Jiye announced JIYUE is unlikely to go bankrupt as restructuring talks with 3-4 parties commence, following financial troubles and issues from Baidu’s audits.