Xiaomi Acquires Phase 3 Plot for $88.32 Million, Covering 48.5 Hectares
On June 19, Xiaomi secured a 727 mu plot for its Phase 3 factory, valued at CNY 635.04 million, following ongoing expansions to increase EV production capacity.
Read More
May 2025 OTA Updates in China’s Vehicle Market
In May 2025, China’s passenger vehicle market saw 495 OTA updates, with NEV brands focusing on smart features, while joint venture brands lagged in frequency amidst new regulations.
New Buick Electra E5 Officially Launches, Priced from $20,848 to $23,630
The Buick Electra E5 debuts with three trims, advanced design, spacious interior, enhanced battery range, and smart features, including a 30-inch display and driver assistance systems.
BYD Sealion 6 to Launch in Late July, Facelifted Midsize Sedan Coming in August
On June 19, BYD Auto’s Zhang Zhuo announced the BYD Sealion 6 launch in late July, with a facelifted midsize sedan coming in August, featuring EV and hybrid variants.
Jiangling Ford Denies Merger with Changan Ford: No Restructuring Plans
Rumors of a merger between Jiangling Ford and Changan Ford were denied by Jiangling Motors, stating no plans for restructuring despite market challenges faced by both companies.
Li Auto Reaches 2,500 5C Ultra-Fast Charging Stations
Li Auto has successfully deployed 2,500 5C ultra-fast charging stations, surpassing Tesla in China, with plans for over 10,000 stations by 2025 to expand its network.
Audi Lowers Pace of Electrification: 2033 Deadline to Phase Out Combustion Engines Becomes Flexible
Audi has updated its electrification strategy, emphasizing flexibility while acknowledging varied global market progress. It may continue selling combustion engines until 2035, adapting timelines as needed.
Flash: Tesla HW5 Chip Enters Mass Production, Performance Soars 5-Fold
Tesla’s next-generation AI5/HW5 Full Self-Driving chip has begun mass production with TSMC, boasting 2000-2500 TOPS performance, emphasizing improved safety, supply chain diversification, and upgraded cameras.
Flash: NIO in Talks to Bring Strategic Investors into In-House Chip Unit
NIO plans to seek strategic investors for its semiconductor business while retaining control. Its self-developed chips reduce costs and enhance performance, despite significant net losses.
2026 Leapmotor C16 Launched with Dual 6-/5-Seater Versions, Starting from ¥151,800
The 2026 Leapmotor C16 launches with 8 variants, featuring extensive upgrades, a new 5-seater version, and advanced technology—aiming for significant sales momentum in electric vehicles.