Momenta Hits 1 Million Vehicle Deployment Ahead of Hong Kong IPO
Momenta has surpassed 1 million vehicles in mass production with its intelligent driving solutions, expanding globally.
Latest in EV news, technologies, data and insights from China market
Momenta has surpassed 1 million vehicles in mass production with its intelligent driving solutions, expanding globally.
Toyota’s global sales fell 7.4% in May 2026 due to weaker overseas demand, particularly in China.
New Chinese EV safety standards effective July 1 enhance crash protection and battery safety, emphasizing hardware solutions and real-world testing.
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.
Japan cuts BYD EV subsidies by over 50% to 150,000 yen ($939), while domestic models like Toyota bZ4X retain up to 1.3 million yen ($8,190), widening the competitive gap.
Europe’s auto market is mildly recovering, with increased HEV registrations and significant growth from Chinese automakers.
The residual value rate for pure electric vehicles fell from 46.8% in January to 46.2%, while plug-in hybrid models declined from 44.8% to 44.5%.
Chinese brands sold a combined 70,465 vehicles in Europe in January, up 80% YoY, lifting market share from 4% in January 2025 to 7.4%.
Toyota held a 58% share of the global hybrid vehicle market as of the end of 2025.
China’s NEV market in 2025 saw intense competition, particularly among joint venture automakers like Toyota and Nissan.