China’s LiDAR Maker Hesai Debuts on HKEX, Market Cap Tops $4.9 Billion
Hesai has become the first LiDAR company to achieve dual primary listings in both the U.S. and Hong Kong.
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Spy Shots Reveal XPeng’s First MONA-Series SUV
The MONA lineup will include both BEV and EREV versions, with the latter expected to target the sub-RMB 150,000 ($21,000) segment.
Hongqi to Roll Out 15 NEV Models in Europe by 2028, EHS5 Debuts in Munich
Having established a presence in Norway, the Netherlands, and Poland, Hongqi’s core product in Europe is the EHS9 full-size electric SUV, soon to be joined by the more compact EHS5.
China’s Passenger Vehicle Sales Hit 1.995 Million in August, NEV Penetration Tops 50%
In August, retail sales of NEVs reached 1.101 million units, up 7.5% YoY and 11.6% MoM, with a retail penetration rate of 55.2%, an increase of 1.5 percentage points from a year earlier.
China NEV Weekly Sales Ranking (Week 36): Tesla Hits 14.4 K, NIO Inc. 6.3 K, Xiaomi 6.2 K
Last week saw a broad dip in sales, driven by delivery scheduling at the start of the month.
Leapmotor Lafa 5 Makes Global Debut, Founder Zhu Jiangming Kicks off Journey to Challenge 1 Million Annual Sales
At the IAA Munich Motor Show, Leapmotor introduced the Lafa5, a hatchback aimed at global markets and the youth demographic.
China Set to Ban Fully Hidden Door Handles, Automakers Given One-Year Transition
Chinese regulators will ban fully hidden car door handles by July 2027, allowing only semi-hidden and traditional designs due to safety concerns and practicality issues raised from accidents.
BYD Cuts 2025 Sales Target to 4.6 Million Units, Growth Hits Five-Year Low
Sources indicate that facing pressure from domestic competitors such as Geely and Leapmotor, BYD has lowered its full-year 2025 sales target from 5.5 million units to 4.6 million units.
China NEV Weekly Sales Ranking (Week 35): Tesla Hits 12.5 K, Xiaomi 11.9 K, NIO Inc. 8.2 K
BYD remains firmly at the top of the sales rankings, Tesla rebounds, and emerging NEV brands generally continue an upward trend.
August Delivery Report: NIO Hits New High of 30,000 Units, Leapmotor Maintains Strong Momentum, BYD Sees Slower Growth
In August, NEV makers like Leapmotor and XPeng excelled in deliveries, while Li Auto faced declines. The industry anticipates a competitive September, with several flagship models launching soon.