Hesai plans to raise up to $500 million in its secondary listing in Hong Kong, with shares set to begin trading on the Hong Kong Stock Exchange on September 16.
Hesai projects LiDAR shipments of 1.2 million to 1.5 million units for 2025.
Category: CnEVPost
Avatr debuts futuristic Xpectra concept car
Avatr unveiled the Xpectra concept car ahead of the IAA Mobility show in Munich, Germany, featuring bold and luxurious interior and exterior designs.
The Xpectra measures 5,843 mm in length, and emphasizes an emotional connection with the real world.
Huawei-backed Shangjie H5 surpasses 80,000 pre-orders in 2 weeks
Shangjie began pre-sales for the H5 on August 25, with the SUV’s official launch set for September 23.
The H5 pre-sale starts at RMB 169,800, positioning it as the most affordable model under Huawei’s HIMA business.
CATL expects its Hungarian plant to begin production by early 2026
The facility is CATL’s second European plant besides its German operation, with an annual capacity target of 100 GWh.
CATL unveiled the Shenxing Pro Battery in Europe, the first product featuring its latest NP 3.0 technology.
CATL launches Shenxing Pro battery for European EV market
The Shenxing Pro is the first product featuring CATL’s latest NP 3.0 technology, targeting Europe’s EV market with high safety, ultra-fast charging, and long range.
The Shenxing Pro comes in two variants, offering a long-life version and an ultra-fast charging version.
WM Motor’s new owner announces EV maker’s comeback, set to resume production this month
The restructured WM Motor aims to produce and sell 10,000 to 20,000 vehicles this year, with projected revenue ranging from RMB 1 billion ($140 million) to RMB 2 billion.
It plans to launch over 10 new products within the next five years and expand into overseas markets.
Geely Galaxy debuts Starshine 6 hybrid sedan with ultra-low fuel consumption
Geely Galaxy said the Starshine 6 achieves 100-km fuel consumption in the 2L level, the world’s lowest.
The model offers a battery range of up to 125 km.
New BMW iX3 China-exclusive edition to debut this year, deliveries to start in summer 2026
The China-exclusive BMW iX3 will incorporate large language models and driver assistance technologies co-developed by BMW and its Chinese partners.
The new BMW iX3, the first Neue Klasse production model, will be launch in Europe in spring 2026 and in the US in summer 2026.
Changan Deepal names former Honor exec as CEO
Deepal has appointed Jiang Hairong, former China CMO of Honor, as CEO, while former CEO Deng Chenghao has assumed the role of chairman. Read more…
BYD launches Seal 06 DM-i hybrid sedan in Europe
BYD has brought the Seal 06 DM-i hybrid sedan to Europe, including its wagon variant, renamed as the Seal 6 DM-i and Seal 6 DM-i Touring respectively.
The Seal 6 DM-i is poised to redefine the freedom and convenience of business travel and family outings, BYD said.
Huawei-backed Aito begins pre-sales of updated M7 SUV, gets over 100,000 pre-orders within 1 hour
The updated Aito M7 has become one of the most popular new models in China’s automotive sector following the Xiaomi YU7.
The updated M7 offers both BEV and EREV variants, differing from its predecessor which only provided EREV options.
Nio Day 2025 to be held on Sept 20 in Hangzhou
Nio Day 2025 will take place in Hangzhou on September 20, where the third-generation Nio ES8 SUV will be officially launched.
The new ES8 will reach a production capacity of 10,000 units in October and 15,000 units in December, Nio management said earlier this month.
Leapmotor exec shares images of camouflaged Lafa 5 as Sept 8 debut nears
A Leapmotor executive has shared camouflaged images of the new Lafa 5 model, as the hatchback’s debut approaches in four days.
The Lafa 5 will put Leapmotor into the competitive electric hatchback market.
Geely Galaxy to launch large hybrid SUV M9 with aggressive pricing on Sept 17
Geely Galaxy began pre-sales of the M9 in China on August 23, with a starting price of just RMB 193,800 ($27,130).
The M9’s price is half that of Li Auto’s Li L9 EREV, yet it offers comparable dimensions.
Nio’s William Li cautions weak EV industry in Q1 2026 as China’s tax incentive drops
For industry demand, achieving even half of this year’s fourth-quarter levels in the first quarter of next year would be a positive outcome, Li said.
The tapering of purchase tax incentives is expected to trigger significant front-loading of demand in the fourth quarter.
BYD Yangwang to officially launch U8L SUV on Sept 12
Yangwang began pre-sales for the U8L in late July, priced at RMB 1.3 million ($182,030).
Yangwang sold 405 vehicles in August, marking a 30.65 percent year-on-year increase and a 19.47 percent rise from July.
Geely Galaxy to debut Starshine 6 hybrid sedan on Sept 5
Geely Galaxy said the Starshine 6 will be a landmark hybrid family sedan leader.
The model is expected to be priced below the discounted starting price of RMB 115,800 ($16,190) for the larger Starshine 8 hybrid sedan launched in May.
Nio’s tech service revenue primarily comes from McLaren, William Li says
Nio has confirmed for the first time that the company works with McLaren and has received technical service revenue from the automaker.
Nio and McLaren began collaborating in the first quarter, with more cooperation occurring in the second quarter.
Xpeng’s next-gen P7 electric sedan makes European premiere
Xpeng has brought its next-generation P7 to Europe, just as deliveries of the electric sedan began domestically in China.
Xpeng expects its September deliveries to surpass the 40,000-unit mark.
BYD cuts 2025 sales target to 4.6 million from 5.5 million, report says
BYD is feeling increasing competitive pressure from rivals such as Geely and Leapmotor, Reuters said. Read more…
