Mercedes-Benz to Lay Off Over 30% of China Staff in Latest Cuts
Mercedes-Benz China plans significant layoffs to cut workforce due to declining sales and profits.
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BYD Delivers 23 Electric Buses to Spain’s EMT Palma
BYD has delivered 23 electric buses to EMT Palma, part of a project to electrify Palma’s public transit by 2027.
Mercedes Hit by Battery Lock Backlash From 400+ EQC Owners in China
Mercedes faces strong backlash in China due to software updates reducing EQC battery capacity and driving range, prompting legal action from owners.
Hesai Q1 Revenue Rises 30% as Mercedes L3 Program Advances
Hesai Technology’s Q1 2026 revenue was RMB 680 million, with significant LiDAR growth and partnerships.
Mercedes Debuts Electric GLC LWB in China Ahead of Beijing Auto Show
According to its roadmap, Mercedes-Benz plans to launch more than 40 new models globally by 2027, including seven China-exclusive models.
Tesla, ONVO Lead China NEV Residual Value Rankings in Q1
LandRoads’ Q1 2026 report reveals Tesla’s leading residual value of 82.7%, followed by ONVO benefiting from the BaaS model.
Japan Import Car Market Rises After 7-Year Decline as BYD Sales Double
Japan’s imported vehicle market grew 3% in fiscal 2025, driven by a 34% increase in battery electric vehicle sales.
Momenta Reportedly Files for Hong Kong IPO, Seeks Listing Within 2026
Momenta aims for an IPO in Hong Kong by 2026, targeting over $14.5 billion valuation, following a previous U.S. filing setback.
Xiaomi’s Next-Gen SU7 Sees Strong Demand, 70% Buyers Skip Cross-Shopping
Xiaomi’s new SU7 model saw order spikes quickly post-launch, appealing to younger buyers with strong test drive engagement and competitive pricing.
Mercedes-Benz Mulls Sharing South Africa Plant With GWM Amid Tariff Pressure
If a plant-sharing agreement is reached, it could help Mercedes alleviate excess capacity while giving GWM local production access for its Haval and Tank brands in South Africa.