Latest in EV news, technologies, data and insights from China market
Chinese automakers are consolidating to focus resources, reducing product lines amidst competition and falling profits, prioritizing strategic partnerships and resource sharing.
Leapmotor and FAW Group signed a strategic cooperation deal to enhance collaboration in new energy vehicles and technology, marking their third partnership upgrade.
FAW Jiefang’s sodium-ion battery truck completed testing, showcasing cold-weather performance and potential for mass commercial use.
In April, EV sales concentrated on leading models, with Geely Xingyuan dominating, while others faced declining demand and market consolidation.
Backed by FAW and multiple automakers, Zhuoyu is accelerating its transition to higher-performance ADAS solutions.
In 2025, China’s NEV production and sales both exceeded 16 million units, maintaining the world’s top spot for the 11th consecutive year.
According to the plan, China FAW’s self-developed solid-state batteries are slated for mass production by the end of 2027.
China sold 31.08 million vehicles in the first 11 months, up 11% year on year, accounting for 35.4% of global sales.
According to the plan, CATL’s sodium-ion batteries will see concentrated deployment from 2026 across battery swapping, passenger vehicles, commercial vehicles, and energy storage.
After completion, the newly issued domestic shares will account for 20.47% of Leapmotor’s expanded domestic share capital and 5% of its total enlarged issued share capital.