Battery makers are expected to cut production and take holidays in early 2026 to respond to demand fluctuations, the CPCA head said.
China’s passenger NEV sales in early 2026 are projected to decline by at least 30 percent compared to the fourth quarter of 2025, Cui said.
In 2026, sodium batteries will be used on a large scale in battery swap, passenger vehicles, commercial vehicles, and energy storage, CATL said.
This comes amid a surge in lithium battery raw material prices, with battery-grade lithium carbonate prices in China rising over 50 percent in the past three months.
To date, Nio has provided about 10.4 million battery swap services in Shanghai.
Nio operates 3,655 battery swap stations in China.
A widely circulated 12-second video, suspected to be AI-generated, claimed BYD’s ultra-luxury sub-brand Yangwang would launch a flying car named Ufly.
A BYD executive said the company has no plans to launch flying cars.
This comes 100 days after the third-generation ES8’s launch, indicating December deliveries will reach about 20,000 units.
Nio Inc delivered 36,275 vehicles in November, with the ES8 achieving a record 10,689 deliveries.
The 2026 P7+ will be Xpeng’s latest “dual- powertrain” and global model, set for release in 36 countries.
The EREV version of the refreshed P7+ will offer a range of up to 1,550 km.
FAW acquired a 5 percent stake in Leapmotor, marking a rare instance of a Chinese state-owned automaker investing in a NEV startup.
The first jointly developed model by Leapmotor and FAW will debut next year.
Rox Motor launched the Rox Adamas as the successor to its first model Rox 01, aiming to double global sales to 30,000 units in 2026.
The Rox Adamas is an EREV offering six-seat and seven-seat configurations.
The Leapmotor D99 will offer both BEV and EREV options, with the EREV variant featuring an 80.3-kWh battery pack.
The D19 debuted in October, with its EREV version also utilizing an 80.3-kWh battery pack.
Leapmotor aims to achieve annual sales of four million vehicles in the next decade and become a respected world-class smart EV maker.
Leapmotor targets annual sales of one million vehicles in 2026.
Changan Thailand plant has shipped its first locally produced Deepal S05 vehicles to Europe, becoming the latest Chinese automaker to do so after BYD.
Changan’s Rayong plant commenced operations on May 16, with the first vehicle — a right-hand-drive Deepal S05 — rolling off the production line.
Nio and BYD’s FinDreams have suspended their battery supply cooperation as L60 orders are insufficient to support multiple suppliers, according to a local media report.
Nio has also increased its reliance on CATL’s supply for other batteries used in the Nio brand and Onvo.
Xpeng introduced its G9 and G6 SUVs in Qatar and announced the imminent local launch of its P7+ sedan.
Xpeng formed a strategic partnership with Mauritian distributor Axess Limited to enter this East African market.
Geely subsidiary VREMT alleges Sunwoda EVB supplied defective battery cells between June 2021 and December 2023, causing financial losses.
Sunwoda ranks seventh among China’s largest battery manufacturers, holding a 2.68 percent market share in November.
Mirattery completed a Series C financing of nearly RMB 1 billion ($140 million), an expansion from the RMB 670 million announced in November.
Mirattery added a state-owned enterprise in Meishan, Sichuan as a new shareholder.
Deepal has brought in two new shareholders through this financing round, securing resources for its expansion.
Deepal sold 302,118 vehicles from January to November, marking a 45.73 percent year-on-year increase.
The Zeekr 9S can be viewed as a sportier version of the Zeekr 9X SUV, with a starting price potentially around RMB 450,000 ($64,230), according to a local media report.
The Zeekr 9S will be smaller than the Zeekr 9X and positioned more toward sporty performance.
CATL and Sieyuan signed a three-year deal for energy storage cooperation, targeting a total project scale of 50 GWh.
CATL’s energy storage battery system revenue reached RMB 28.4 billion in the first half of 2025.
CATL’s Jianxiawo lithium mine in Yichun, Jiangxi, is expected to resume production around the Chinese New Year in February, according to a local media report.
CATL suspended operations at the Jianxiawo lithium mine on August 10 due to the expiration of a key mining permit.
Li Auto’s product lead for models including the Li i8 will soon depart, likely due to the Li i8’s underwhelming sales performance, according to a local media report.
He oversaw models including the Li i8, Li L7, and Li L8 at Li Auto.
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