Leapmotor delivered a record 45,067 vehicles in May, marking a year-on-year increase of 148.10 percent.
Leapmotor’s sales target for 2025 is between 500,000 and 600,000 units, doubling from 2024.
Author: cnevpost
Onvo’s May deliveries up at least 40%, despite 40% reduction in sales staff, says William Li
Li’s remarks imply that Onvo delivered at least 6,160 vehicles in May.
Deutsche Bank estimates that Nio Inc delivered 27,000 vehicles in May, including 7,000 from Onvo.
CAAM urges end to price war in China’s auto industry
Unregulated price wars intensify unhealthy competition and further squeeze corporate profit margins, CAAM warned.
This also undermines the security of the supply chain, driving the industry into a vicious cycle.
Huawei-JAC joint brand Maextro launches S800 luxury sedan as latest challenger to Mercedes-Maybach
The Maextro S800 joins the Nio ET9 and Yangwang U7 as the latest challenger to Mercedes-Maybach.
The Maextro S800 has a starting price of RMB 708,000 ($98,330), significantly lower than the previously marketed price range of RMB 1 million to RMB 1.5 million.
Nio to launch flagship SUV ES9 in H1 2026, president says
This marks the first official mention of the ES9.
The name ES9 suggests that the SUV may feature Nio’s latest technological advancements, similar to the ET9.
Zeekr investors unhappy with Geely’s privatization proposal, report says
Five early investors in Zeekr have said that Geely’s privatization offer undervalues the EV unit, according to Reuters.
These five investors participated in Zeekr’s first round of external financing in 2021, when Zeekr was valued at $9 billion.
BMW’s China venture recalls 70 electric Minis due to battery issues
Due to production process issues, the power batteries in these vehicles pose a risk of overheating.
The recall is being carried out by Spotlight, the joint venture between BMW and Great Wall Motor.
BYD exec refutes allegations calling NEV maker ‘Evergrande of auto industry’
BYD’s brand chief refuted recent allegations based on metrics including debt ratio, total debt, and payment cycles to suppliers.
A recent interview with the chairman of GWM sparked discussions about BYD being the “Evergrande of the automotive industry.”
Geely opens showrooms in Chile and Nicaragua to step up expansion in Latin America
Geely has opened its first flagship store in Chile and its first showroom in Nicaragua.
Geely already has 25 sales and service outlets in Chile.
Nio LiDAR supplier Seyond to exclusively supply one of China’s leading auto groups
The auto group’s models equipped with Seyond products will go into mass production in 2026, with sales expected to reach hundreds of thousands over the next three years.
Seyond was founded in 2016, but to date, its primary client has been Nio.
[Video] Nio rolls out first version of NWM, bringing enhanced smart driving capabilities
Nio said NWM — first available to 400,000 NT 2.0 vehicles — brings a “comprehensive upgrade” to smart driving capabilities.
Vehicles equipped with the latest Cedar system will begin receiving the NWM software update by the end of June.
Avatr expands into HK market with Avatr 11 SUV
Avatr launched the Avatr 11 SUV in Hong Kong, with a starting price of HKD 513,800 ($65,540).
From January to April, Avatr sold 36,164 vehicles, a year-on-year increase of 82.84 percent.
Li Auto to launch 2 all-electric SUVs in Q3, hints at sedan plans
Li Auto will launch its first pure electric SUV model, the Li i8, in July, and will roll out another electric SUV, the Li i6, in September.
It will only consider launching sedan models after its annual revenue doubles compared to 2024.
BYD completes deliveries of 1,000 Atto 3 EVs in South Korea in less than 2 months
BYD delivered its 1,000th Atto 3 in South Korea, just one and a half months after deliveries began on April 14.
The Atto 3 sold 543 units in South Korea in April, surpassing the long-dominant Tesla Model Y.
Li Auto reports 9% year-on-year growth in Q1 net income, gross margin remains flat
Li Auto reported a net income of RMB 646.6 million for the first quarter, up 9.4 percent year-on-year.
The gross margin for the first quarter was 20.5 percent, largely flat from the same period last year and the fourth quarter.
BYD Yangwang sees first batch of U7 sedans for delivery roll off line
The Yangwang U7 was launched on March 27 with a starting price of RMB 628,000 ($87,240).
Yangwang is BYD’s ultra-luxury sub-brand, which sold 135 vehicles in April.
BYD Shenzhen car carrier arrives in Brazil on maiden voyage with 7,300 cars on board
BYD Shenzhen has 9,200 standard loading spaces, covering an area equivalent to 20 football fields.
BYD Shenzhen embarked on its first ocean voyage on April 27.
BYD launches Sealion 07 electric SUV in Guatemala
The Sealion 07 EV has been renamed Sealion 7 in Guatemala, similar to BYD’s approach in other overseas markets.
BYD entered Guatemala in November 2024, launching four models at the time.
Nio, Zeekr reach deal to share charging facilities
Nio and Zeekr have reached an agreement to share charging facilities, marking a rare collaboration between two direct competitors.
Nio will collaborate with Zeekr to provide users with a wide-ranging and convenient charging service.
Xpeng Mona M03 gets 12,566 new orders within 1 hour of new variant launches
Xpeng has launched new Max and Plus variants for the Mona M03, with the Max variant offering capabilities similar to Tesla’s FSD.
Among the first hour’s orders, the Max variant accounted for 83 percent.
