All-New IM L6 Launches in China with Standard Steer-by-Wire, Starting at $29.8K
The new IM L6 launched on Aug. 28 in China at RMB 199,900, featuring technological upgrades.
Latest in EV news, technologies, data and insights from China market
The new IM L6 launched on Aug. 28 in China at RMB 199,900, featuring technological upgrades.
IM Motors’ NEXT·2028 strategy incorporates advanced technologies into affordable models, aiming to improve sales and enhance competitiveness in the EV market.
IM Motors dealerships in China face operational issues, with customers reporting payment, delivery delays, and closures amid financial struggles.
IM Motors launched the LS6 “SAIC 100 Million” Special Edition, marking 100 million vehicle deliveries, with limited sales and upgrades.
SAIC Motor reported record March sales of 376,000 vehicles and over 1 million retail deliveries in Q1 2026, driven by growth.
Momenta aims for an IPO in Hong Kong by 2026, targeting over $14.5 billion valuation, following a previous U.S. filing setback.
February saw stagnant sales for NEV makers, with mixed year-on-year growth and market preparation ahead.
Mass deliveries of the two models in Abu Dhabi are set for March–April, joining the locally available IM LS7.
In December 2025, competition in China’s large NEV SUV market intensified, led by NIO ES8, AITO M8, and Zeekr 9X.
IM Motors achieved consecutive quarter-on-quarter sales growth in 2025 and recorded monthly sales above 10,000 units for four consecutive months.