China EV Price Cuts Average 9.6% in May, Below Broader Market Decline
In May 2026, discounted NEV prices in China dropped by 9.6%, while gasoline vehicles saw higher discounts at 14.9%.
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BYD Unveils DaHan Flagship Sedan, Eyes Revival of Han Lineup
Lu Tian unveiled the BYD Great Han, the brand’s first D-segment flagship sedan, targeting China’s premium market with advanced technology and design, set for a third-quarter release.
Huawei-Backed Maextro Unveils V800 Luxury MPV After S800 Sedan
Huawei-backed Maextro has unveiled the V800, its second production model after the S800 sedan and the brand’s first entry into the ultra-luxury MPV segment.
GAC Enters Spain With Locally Assembled Aion V, Aion UT
GAC has launched in Spain with two electric models, aiming for a strong European market presence and expansion.
NIO-Backed Weineng Secures $443 Million Funding via Green Battery ABS
Weineng Battery issued its first green technology ABS on June 5, raising RMB 1 billion to enhance battery leasing services.
Chinese Firms Capture Half of Japan’s Autonomous Bus Trials, BYD Leads With 36.4%
According to a report by Nikkei, citing the latest research from MM Research Institute (MM Souken), a total of 143…
China’s Used-Car Supply Tops 770k in May, HIMA Resale Values Fall
The China Automobile Dealers Association’s May 2026 report shows a recovering used-car market with increased listings and rising consumer demand, particularly for subcompact vehicles, despite declines in overall value retention among luxury brands.
BYD South Korea Sales Halve in May as Chinese Brands’ Share Falls to 3.5%
In May 2026, South Korea’s imported vehicle registrations rose 5.9% year-on-year, with electrified vehicles making up 89% of imports.
BYD Partners with Energy Giant Sinopec on Charging Network
BYD partners with Sinopec to enhance flash charging stations and diversify energy service ecosystems.
BYD’s German Registrations Grew 232% in May, Exceeding Tesla for the Second Month
Germany’s new vehicle registrations grew 3.6% in early 2023, with EVs surging 39.3%. Chinese brands BYD and Leapmotor showed remarkable growth, outperforming traditional automakers.