Xiaomi Joins NIO, Li Auto with Year-end EV Purchase Tax Subsidy
Xiaomi Auto’s 2023 program offers up to RMB 15,000 tax subsidies for SU7, SU7 Ultra, and YU7 models to offset increased 2026 vehicle costs from new tax policies.
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Xiaomi Auto’s 2023 program offers up to RMB 15,000 tax subsidies for SU7, SU7 Ultra, and YU7 models to offset increased 2026 vehicle costs from new tax policies.
The upcoming Zeekr 8X aims to bridge the gap between the 7X and 9X, targeting fierce competition in China’s SUV market.
Geely Holding Group delivered 1.02 million vehicles in the third quarter, including 590,000 NEVs, up 59%
Zeekr plans a crowdfunding campaign for hardware upgrades to enhance its 001 and 009 models through potential ADAS chip replacements, aiming to maintain competitiveness in the NEV market.
In the pure electric mid-size SUV residual value ranking, ONVO L60, Tesla Model Y and Zeekr 7X led with residual value rates of 71.9%, 71.7% and 71%, respectively.
ZEEKR completed its merger with Geely Auto in September this year, becoming the latter’s wholly-owned subsidiary. The company is now optimizing its personnel and resource structure.
Tesla has launched new entry-level Standard variants for Model 3 and Y, featuring significant cuts in equipment and design, while retaining core performance.
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Customers who lock in their orders by October 31, 2025 will receive a purchase tax subsidy if the vehicle is invoiced and delivered in 2026 due to Li Auto’s production scheduling.