BYD ranked No. 1 in the global BEV market in the first quarter with a 15.4 percent share, while Tesla was No. 2 with 12.6 percent.
In the PHEV market, BYD was No. 1 with a 38.7 percent share and Li Auto was No. 2 with 6.7 percent.
Author: cnevpost
Xpeng to launch Mona M03 Max on May 28
The Mona M03 Max show cars are currently available at Xpeng stores in 63 cities.
The Max variant will be equipped with Xpeng’s Turing AI assisted driving system, which will bring stronger smart driving capabilities.
GAC signs deal for localized vehicle assembly in Egypt
GAC will set up a CKD localized production project in Egypt, with mass production expected in the second half of 2026.
Egypt is the third largest automotive market in Africa with an annual sales potential of 170,000 units.
Aito M8 gets over 80,000 orders 1 month after launch
The Aito M8 was launched on April 16 with a starting price of RMB 359,800 ($49,880).
The Aito M8 is the fourth model of the Aito and is only available in EREV options.
Huawei-JAC joint brand Maextro to launch S800 luxury sedan on May 30
The Maextro S800 is expected to be priced between RMB 1 million ($138,650) and RMB 1.5 million, Huawei said previously.
Its launch event will begin at 7:30 pm Beijing time on May 30.
Xiaomi EV positions YU7 as ‘luxury performance SUV’
The YU7 comes for the luxury experience and aims to be an advanced SUV for this era, Xiaomi EV said.
The Xiaomi YU7 will be unveiled at an event on May 22 starting at 7 pm Beijing time.
Changan Mazda says EZ-60 SUV exceeds 20,000 pre-orders since Shanghai auto show debut
The EZ-60 has set a record for being the fastest joint venture new energy SUV in China to surpass 20,000 pre-orders, Changan Mazda said.
The EZ-60 is Changan Mazda’s first new energy SUV.
BYD’s 7th car carrier launched
The BYD car carrier can accommodate up to 7,000 vehicles.
The vessel is the sister ship of BYD Hefei.
Xpeng debuts Mona M03 Max, official launch set for later this month
The Mona M03 Max will be available in Xpeng showrooms starting May 21, with an official launch coming at the end of May.
The Max variant will feature Xpeng’s Turing AI assisted driving system.
Nio starts deliveries of updated ES6, EC6
Nio started deliveries of the updated ES6 and EC6 in China as planned, after launching them last Friday.
Nio will also launch the updated ET5 and ET5 Touring on May 25.
GWM’s Wey brand launches updated hybrid SUV Lanshan with $41,520 starting price
The facelifted Wey Lanshan starts at RMB 299,800 ($41,520), the same as its predecessor.
In January-April, the Wey brand sold 18,136 cars, contributing 5.08 percent of GWM’s sales in the same period.
BYD strikes partnership with car rental firm Car Inc
Car Inc plans to expand its purchases of BYD vehicles in the summer of 2025.
Car Inc put the first BYD vehicles it purchased into service during the Labor Day holiday earlier this month.
Nio signs new deal to add 100 swap stations in northeast China
Nio Power has entered into a partnership with a state-owned company to build 100 battery swap stations in northeast China.
This is the latest example of Nio’s partnership with a state-owned company to build battery swap stations this year.
Xiaomi EV plant phase 2 expected to be completed by mid-Jun, report says
Phase 2 of Xiaomi EV’s factory is expected to be completed next month, as it approaches the launch of its second model, the YU7.
The new factory broke ground last year, and construction of the production halls and office buildings appears to be complete.
China EV insurance registrations for week ending May 18: Nio 4,240, Tesla 11,130, Xiaomi 7,160
Nio Inc, which includes the Nio, Onvo and Firefly brands, had 6,650 insurance registrations in China last week, up 9.74 percent from the previous week.
Tesla’s insurance registrations in China were up 262.54 percent last week from 3,070 units in the previous week.
Li Auto’s Mega Home MPV rolls off assembly line, deliveries to begin on May 23
The Li Mega Home is a special edition of the Li Mega MPV with a starting price of RMB 559,800.
The Li Mega is the first BEV model of Li Auto.
CATL surges over 13% in HK stock market debut
Listing in Hong Kong means wider integration of CATL into the global capital markets, its chairman said.
CATL has a total market capitalization of HK$1.33 trillion.
CATL surges over 13% in HK stock market debut
Listing in Hong Kong means wider integration of CATL into the global capital markets, its chairman said.
CATL has a total market capitalization of HK$1.33 trillion.
BYD Fang Cheng Bao reaches 100,000th unit delivery milestone
The milestone means Fang Cheng Bao has delivered about 8,650 units so far this month.
That’s 18 months after Fang Cheng Bao’s first vehicle was delivered in November 2023.
Leapmotor posts lower year-on-year net loss, record gross margin
Leapmotor reported a net loss of RMB 130 million for the first quarter, a year-on-year decrease of 87.17 percent.
The narrowing of the net loss was mainly due to the improvement in gross margin being higher than the increase in expenses.
