Latest in EV news, technologies, data and insights from China market
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.
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.
Xiaomi founder Lei Jun announced the launch of the Xuanjie O1 chip for late May, addressing concerns over a recent tragic accident involving their vehicle, emphasizing safety and company accountability.
Geely Auto’s Q1 2025 Earnings Call outlines successful brand mergers, sales strategies, future product launches, and international market ambitions despite current challenges in the automotive industry.
Geely reported a strong Q1 2025 with 703,800 vehicle sales, highlighting significant growth; plans to privatize Zeekr amid integration strategies raise questions about future direction and efficiencies.
Hozon New Energy, parent of Neta Auto, faces bankruptcy amid legal issues, significant losses exceeding 18 billion yuan, plummeting vehicle sales, and failed IPOs, impacting operations severely.
Geely Auto’s Q1 2025 financial results show significant growth, with vehicle sales up 48% and revenue increasing 25%. New energy vehicles lead growth, bolstering profits and international expansion.
Zeekr Group’s Q1 2025 report shows revenue at 22.019 billion yuan, with vehicle sales driving growth. The company sold 114,011 vehicles, maintaining first in China’s new forces.
XPeng Motors’ CEO He Xiaopeng announced the new electric coupe XPeng P7, designed by Rafik Ferrag, featuring innovative aesthetics and advanced technology, targeting performance-oriented markets.
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.