Author: Linda Ma

Abu Dhabi has consolidated its holdings in Chinese electric vehicle maker Nio and the owner of McLaren Automotive under a newly created state-owned investment vehicle, L’imad Holding, Bloomberg reported on Wednesday. The restructuring involves the transfer of CYVN Holdings, a government-owned investor focused on mobility, to L’imad, people familiar with the matter told Bloomberg. The move is intended to streamline management and centralise selected Abu Dhabi investments, while expanding the remit of the emirate’s newest holding company. A spokesperson for McLaren confirmed that the company will ultimately be controlled by L’imad, though CYVN will remain McLaren’s direct parent, according to…

Geely Auto’s electric-focused sub-brand Geely Galaxy on Tuesday officially launched the V900 extended-range multi-purpose vehicle, marking the first model in its newly introduced V series. The Geely Galaxy V900 is offered in three variants priced at 269,800 yuan ($38,770), 289,800 yuan and 329,800 yuan. Pre-sales for the model began on Jan. 7, when indicative prices were set higher at 319,800 yuan, 349,800 yuan and 389,800 yuan, respectively. The V900 measures 5,360 mm in length, 1,998 mm in width and 1,940 mm in height, with a wheelbase of 3,200 mm. It enters China’s competitive premium MPV segment, where it will face…

Nio is expected to unveil its new flagship sport utility vehicle, the ES9, in mid-April, ahead of its public debut at the Beijing Auto Show later that month, company executives said. The ES9’s technology launch event is tentatively scheduled for around April 10, Qin Lihong, Nio’s co-founder and president, said during a weekend user engagement event, adding that the date could still change. The timing would position the model for its first public appearance at the Beijing International Automotive Exhibition, which runs from April 24 to May 3. See also: Nio Says It Will Press Ahead in Europe as EU…

Nio’s sub-brand Onvo has launched a special edition of its L60 midsize sport utility vehicle to mark the upcoming Chinese Lunar Year of the Horse, the company said. The limited-time “Ma Dao Cheng Gong” edition of the five-seat L60 is priced at 218,900 yuan ($31,420), including the battery pack, representing a premium of 12,000 yuan, or about 5.8%, over the standard model. Under Onvo’s battery-as-a-service (BaaS) scheme, the vehicle starts at 161,900 yuan, with a monthly battery rental fee of 599 yuan. See also: Nio Says It Will Press Ahead in Europe as EU Signals Shift From Tariffs to Pricing…

China Changan Automobile Group and battery maker CATL have signed a five-year memorandum of understanding to expand their strategic partnership, focusing on advanced technologies and new business models across China’s fast-evolving new energy vehicle sector. The agreement was signed on Jan. 14 in Chongqing, according to a statement published on CATL’s official WeChat account. It outlines cooperation across technology deployment, market expansion, business model innovation, overseas development and coordinated brand-building initiatives. See also: Nio and CATL Sign Five-Year Deal to Deepen Battery and Swap Network Cooperation China Changan Automobile Group was established in 2025 with approval from the State Council…

Geely Auto’s Galaxy sub-brand said on Wednesday it will launch the V900 extended-range electric multi-purpose vehicle (MPV) on Jan. 20, following the start of pre-sales earlier this month. Pre-orders for the V900 opened on Jan. 7 with three four-wheel-drive variants — Pro, Max and a Collector’s Edition — priced at 319,800 yuan ($45,840), 349,800 yuan and 389,800 yuan, respectively, Geely Galaxy said. See also: Geely Galaxy Starts Pre-Sales of V900 MPV to Take On BYD Denza D9 The V900 is an extended-range electric vehicle (EREV), designed to deliver battery-electric driving characteristics while using a combustion engine as a range extender…

Nio said it would continue advancing its European operations after the European Commission outlined conditions under which Chinese electric vehicle makers could replace EU tariffs with a minimum pricing arrangement, Reuters reported. “We are pleased to see China and the EU making steady progress toward consensus on the basis of mutual respect,” Nio said in a statement on Tuesday, according to Reuters. See also: Nio’s Firefly Brand Expands European Footprint With Austria Deliveries The comments came after China and the European Union reached an agreement in principle on price undertakings for Chinese battery electric vehicle (BEV) exports to the bloc,…

Chinese electric vehicle exports to the European Union are expected to grow at an average annual rate of about 20% between 2026 and 2028, despite possible short-term volatility following new pricing commitments agreed between Beijing and Brussels, a senior industry official said. Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), said the outlook remains positive after China and the EU agreed to resolve their electric vehicle trade dispute by replacing high tariffs with price undertakings. China’s Ministry of Commerce said on Monday that both sides had reached consensus on providing common guidance for minimum price commitments for Chinese…

BYD has filed certification documents in China for a substantially revised version of its Sealion 05 DM plug-in hybrid, revealing updated exterior styling and the addition of a larger battery option that extends the model’s pure-electric driving range. The regulatory filing shows the updated Sealion 05 DM adopts design elements introduced earlier on the Sealion 05 EV, a compact battery-electric SUV launched in China in March 2025. The revisions indicate BYD is aligning the styling of its plug-in hybrid and electric variants more closely under a unified design language. See also: BYD Files New Linghui Sub-Brand Models Aimed at Ride-Hailing…

Geely Holding Group reported record vehicle sales in 2025, with total deliveries rising 26% year on year to 4.12 million units, as demand for new energy vehicles accelerated across its portfolio. The automaker said on January 9 that NEV sales reached 2.29 million vehicles, up 58% from a year earlier, lifting the group’s NEV penetration rate to 56%. The results marked the first time Geely Holding’s annual sales surpassed four million vehicles and capped five consecutive years of expansion. See also: Geely Signals Possible U.S. Market Entry Within Three Years Geely Automobile Holdings, the group’s core listed unit, sold 3.02…

BYD maintained its position as the largest seller of new energy vehicles (NEVs) in China in 2025, even as its retail sales declined from a year earlier, while Tesla fell to fifth place in the world’s largest NEV market, according to data released on Monday by the China Passenger Car Association (CPCA). BYD’s passenger NEV retail sales totaled 3.48 million units in 2025, down 6.3% year on year. The Shenzhen-based automaker held a 27.2% share of China’s NEV market, lower than the 34.1% share it recorded in 2024 but still well ahead of its closest rivals. See also: China, EU…

Buick, a brand under General Motors, has filed the Electra E7 plug-in hybrid SUV with China’s Ministry of Industry and Information Technology (MIIT), marking a further move in its electrification strategy in the world’s largest automotive market. The Electra E7 appeared in a vehicle catalog released by MIIT on Thursday, a key regulatory milestone that precedes approval for public sale in China. The catalog allows for public feedback between January 9 and January 15 and lists three plug-in hybrid variants under the product codes SGM6481MBPHEV, SGM6481MDPHEV and SGM6481MAPHEV. See also: Buick Reveals 2026 Electra Encasa With Hybrid and Electric Powertrains…