Xpeng reported a net loss of RMB 480 million in the second quarter, marking a new low since the third quarter of 2020.
Xpeng achieved a record-high gross margin of 17.3 percent in the second quarter, compared to 14.0 percent in the same period of 2024 and 15.6 percent in the first quarter.
Tesla has reintroduced the turn signal stalk as standard on the Model 3 sedan in China and is offering it as a paid option for vehicles already delivered.
Tesla removed the turn signal stalk from the Model 3 in September 2023, replacing it with buttons on the steering wheel.
Onvo’s insurance registrations for last week were 3,790, the second-highest on record, up 16.98 percent from the previous week’s 3,240.
Tesla’s insurance registration volume in China last week increased by 4.48 percent from the previous week’s 13,400 units.
Nio has reduced the cost of its optional 100-kWh long-range battery pack by RMB 20,000 ($2,780), resulting in price cuts for all long-range versions of its current models. Read more…
Nio has reduced the cost of its optional 100-kWh long-range battery pack by RMB 20,000 ($2,780), resulting in price cuts for all long-range versions of its current models. Read more…
The updated S7 sedan and R7 coupe SUV from Luxeed, as well as the BEV variant of Aito M8, will be launched at the event.
Except for the updated M7, pre-sales for the other models have already begun.
The E5 Sportback is built on an 800-volt high-voltage architecture and can accelerate from 0 to 100 km/h in as little as 3.4 seconds.
It offers a range of up to 770 kilometers and uses Momenta’s driver assistance solution.
Leapmotor became the second Chinese NEV maker after Li Auto to achieve profitability on a half-year basis.
Leapmotor has raised its full-year sales target for 2025 to 580,000 to 650,000 units and aims to achieve annual sales of 1 million units in 2026.
Leapmotor became the second Chinese NEV maker after Li Auto to achieve profitability on a half-year basis.
Leapmotor has raised its full-year sales target for 2025 to 580,000 to 650,000 units and aims to achieve annual sales of 1 million units in 2026.
China CITIC Bank will grant Xpeng a credit facility of RMB 1 billion ($1.4 billion) to support the company’s business operations and development.
Xpeng delivered 18,701 vehicles overseas in the first half of this year, a year-on-year increase of 217 percent.
Tesla said the Model Y L is coming soon in China and shared a preview video showing a few details of the model. Read more…
The first models to be launched in these new markets will include vehicles from Nio, Onvo, and Firefly brands. Read more…
The M-Hero M817 is a five-seat SUV with a maximum power output of 505 kW (687 horsepower).
The model will compete with SUVs such as the BYD Fang Cheng Bao’s Bao 8 and the GWM Tank 500.
The S9T, Stelato’s second model following the S9 sedan, will compete with models including the Nio ET5 Touring.
The S9T has a pre-sales price of RMB 328,000 ($45,660), higher than the RMB 298,000 starting price of the Nio ET5 Touring.
The Brazil plant is GWM’s third full-fledged vehicle manufacturing center outside of China.
GWM sold 15,700 vehicles in Brazil in the first half of this year, a year-on-year increase of 19.8 percent.
The racetrack is located in Zhengzhou, Henan province, and is the second BYD racetrack following the one in Hefei.
In addition to a traditional circuit, the facility offers diverse terrain features.
The updated LS6 is the first model to feature IM Motors’ Hengxing extended-range system, with the EREV variants offering a battery range of up to 450 km.
The updated LS6 starts at RMB 209,900 ($29,230), with official launch set for September 10.
Wuling offers PEHV and BEV options for the updated Starlight S, with the BEV variant offering a range of up to 510 kilometers. Read more…
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