Tesla, ONVO Lead China NEV Residual Value Rankings in Q1
LandRoads’ Q1 2026 report reveals Tesla’s leading residual value of 82.7%, followed by ONVO benefiting from the BaaS model.
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Japan Import Car Market Rises After 7-Year Decline as BYD Sales Double
Japan’s imported vehicle market grew 3% in fiscal 2025, driven by a 34% increase in battery electric vehicle sales.
Momenta Reportedly Files for Hong Kong IPO, Seeks Listing Within 2026
Momenta aims for an IPO in Hong Kong by 2026, targeting over $14.5 billion valuation, following a previous U.S. filing setback.
Xiaomi’s Next-Gen SU7 Sees Strong Demand, 70% Buyers Skip Cross-Shopping
Xiaomi’s new SU7 model saw order spikes quickly post-launch, appealing to younger buyers with strong test drive engagement and competitive pricing.
BMW Recalls 180K Vehicles in China Over Fire Risks
BMW Brilliance Automotive Ltd. and BMW (China) Trading Co., Ltd. have filed a recall plan with China’s State Administration for…
Mercedes-Benz Mulls Sharing South Africa Plant With GWM Amid Tariff Pressure
If a plant-sharing agreement is reached, it could help Mercedes alleviate excess capacity while giving GWM local production access for its Haval and Tank brands in South Africa.
China NEV Price Cuts Average 13.5% in Feb as Auto Price War Cools
China’s passenger vehicle price war, which has lasted nearly two years, is showing signs of easing at the start of 2026.
BMW, Mercedes, Audi Slash Car Prices Amid Sales Pressure, BMW 7 Series Discounts Reach $39,220
The price easing reflects mounting sales pressure on traditional luxury brands. In 2025, Audi’s sales declined 5% year on year, while Mercedes-Benz and BMW fell 19% and 12.5%, respectively.
EU Weighs 70% Local Content Rule for EV Subsidies to Counter Chinese EVs
The draft would require subsidized EVs to be assembled in the EU, with at least 70% of components sourced locally, excluding batteries. The threshold remains under discussion.
China JV Automakers Deepen Local Ties, Struggle to Regain EV Share
Joint ventures in China’s automotive market face challenges, adapting to local EV strategies while seeing declining market shares.