The L7, IM Motors’ first model, has been updated with its starting price cut by RMB 38,900, or 11.5 percent. Read more…

BYD is set to announce a 4-million-unit target, with a higher 4.2 million sales forecast given to suppliers, including 2 million BEVs, and 2.2 million PHEVs, according to local media. Read more…

BYD launched the updated Qin Plus sedan on February 19, the first model it’s updating in its second offensive against traditional fuel cars. Read more…

IM Motors CEO said the company’s fifth model will be an EREV, set to become the latest after Avatr to look to gasoline engines to boost sales. Read more…

The Yangwang U9’s powertrain delivers up to 1,306 horsepower, allowing the vehicle to sprint from 0 to 100 kilometers per hour in 2.36 seconds. Read more…

FinDreams said it will offer safer, more reliable batteries for electric two-wheelers, after a recent deadly accident revived concerns about the safety of electric two-wheeler batteries. Read more…

Updated versions of BYD’s Han and Tang are poised to take the price war further into the mid- to high-end EV market. Read more…

BYD chairman Wang Chuanfu doubled the amount of his proposed buyback of the company’s shares in the A-share market to RMB 400 million from RMB 200 million and will be used to reduce registered capital. Read more…

The service barely affects battery swap stations’ ability to provide service to car owners, with one station bringing in revenue in the tens of thousands of euros a year, according to a Nio vice president. Read more…

Lotus Technology has a market capitalization of $9.3 billion, higher than Xpeng’s $8.1 billion and slightly lower than Nio’s $11.2 billion. Read more…

“Against the backdrop of increasingly severe global climate change, we must take proactive measures to reduce carbon emissions,” FinDreams said. Read more…

The actions of the two employees led to the leakage of the company’s trade secrets, with serious consequences, Li Auto said. Read more…

The updated BYD Dolphin has a starting price of RMB 99,800, which is RMB 17,000, or 14.55 percent, lower than the previous starting price. Read more…

Some of the vehicles included in the recall have unstable camera integrated circuit communication due to a software issue that may cause the reverse camera image to fail to display, according to an announcement. Read more…

Earlier today a report claimed that Xiaomi may offer 2,000-3,000 free Beijing license plates as a promotional effort. Read more…

Humanoid robot maker UBTech showed its Walker S robot working on an assembly line at a Nio factory in a video. Read more…

China’s auto market saw seasonal weakness in February as the 2024 Lunar New Year holiday fell in mid-February, the CPCA noted. Read more…

Ding Lei said that he was using old-fashioned business strategies and was no match for his counterparts from Internet companies. He also said that there have been companies expressing interest in HiPhi, including acquisitions and investments. Read more…

Nio delivered 50,045 vehicles in the fourth quarter, exceeding the upper end of its previous guidance range of 47,000 to 49,000 vehicles. Read more…

Huawei and M Hero are still discussing specific partnership models, with those based on parts supply or the HI model being prioritized. Read more…