Author: Andrew Wang

Xpeng delivered 38,027 vehicles globally in July, up 3.57% from a year earlier but down 5.23% from June, as production of its newly launched Mona L03 sport utility vehicle (SUV) continued to ramp up. The July result fell short of dealer expectations cited by Deutsche Bank, which had projected deliveries of as many as 45,000 vehicles for the month. July Deliveries Ease From June Xpeng delivered 38,027 vehicles in July, compared with 40,126 units in June, which had been its strongest monthly performance so far this year. According to Deutsche Bank, dealers attributed the lower-than-expected July deliveries primarily to limited…

Xiaomi founder, chairman and chief executive Lei Jun has defended the company’s decision to enter the extended-range electric vehicle (EREV) market, saying the segment remains far from saturated and continues to present significant growth opportunities. In a post published on Weibo ahead of Xiaomi’s Sky Nomad technology launch event, Lei addressed questions about why the company is introducing EREVs and whether it is entering the market too late. Lei Says EREV Market Still Has Growth Potential Lei rejected the view that demand for extended-range electric vehicles has peaked, pointing to the recent performance of Li Auto’s new-generation Li L6 as…

BMW has introduced a China-exclusive long-wheelbase version of its upcoming all-electric iX5, expanding its premium electric vehicle lineup with a model tailored to local demand for greater rear-seat comfort and advanced digital features. The extended-wheelbase iX5 will be produced in China for the domestic market, while the standard version for Western markets is scheduled to begin production at BMW’s Spartanburg, South Carolina, plant in August. https://evmagz.com/bmw-first-half-ev-deliveries-decline-as-europe-offsets-weakness-in-china/ Longer Wheelbase Targets Chinese Buyers The iX5 was first unveiled alongside the new-generation X5 in June, marking the first time the SUV will be offered as a fully electric model. For China, BMW has…

BYD has released official interior images of its upcoming Qin Max midsize sedan, providing a closer look at the cabin as the company continues previewing the model ahead of its expected market launch. The images were shared on Weibo by Lu Tian, head of sales for BYD’s Dynasty lineup, and feature a new interior color called “Dawn Purple.” Interior Adopts Minimalist Design The Qin Max features a minimalist cabin layout centered around a floating infotainment display and a column-mounted gear selector. The center console retains a limited number of physical buttons and rotary controls, while the interior incorporates piano-black trim…

China’s automotive industry launched nearly 650 new or updated vehicle models during the first half of 2026, underscoring the increasingly rapid pace of product development as automakers compete for market share in the world’s largest vehicle market. Data cited by Bloomberg from automotive platform Dongchedi showed manufacturers introduced an average of almost four new or refreshed models each day between January and June. https://evmagz.com/chinas-nev-fleet-nears-49-million-as-electrification-advances-toward-2030-goal/ Product Launches Accelerate The total includes both completely new vehicles and updated versions featuring changes such as revised specifications, new colour options and co-branded editions. According to the report, approximately 30 entirely new models entered the…

General Motors (GM) is reportedly evaluating the Wuling Bingo Pro as the basis for a new entry-level Chevrolet electric vehicle (EV) aimed at emerging markets. According to automotive publication GM Authority, citing people familiar with the matter, the U.S. automaker is considering rebadging the all-electric Wuling Bingo Pro under the Chevrolet brand for sale in markets including Mexico and Brazil. Affordable EV for Emerging Markets The report said GM could license the model through SAIC-GM-Wuling, its joint venture with SAIC Motor, as part of its strategy to expand affordable electric vehicle offerings. Demand for compact zero-emission vehicles has been growing…

China’s new energy vehicle (NEV) fleet reached 48.97 million units by the end of June, highlighting the continued expansion of vehicle electrification in the world’s largest automotive market, according to data released by China’s Ministry of Public Security (MPS). The country had 371 million passenger cars in operation at the end of June, with NEVs accounting for 13.19% of the total fleet, up from 10.27% a year earlier and 12.01% at the end of 2025. Progress Toward 2030 Electrification Target The latest figures provide a benchmark for China’s recently announced objective of increasing NEVs to around 30% of the national…

BYD has revealed the first official images of the Qin Max, a new sedan that will become the flagship model in the company’s Qin lineup and expand its Dynasty series portfolio. The new B-segment sedan is positioned above the Qin L and is aimed at younger consumers, according to Lu Tian, head of sales for BYD’s Dynasty lineup, who announced the model on the Chinese social media platform Weibo. New Flagship for Qin Family Lu described the Qin Max as the “extra-large” member of the Qin family and said it incorporates the flash charging capability that many customers have requested.…

The Denza Z9S, a new all-electric sedan from BYD’s premium brand Denza, has appeared in a filing published by China’s Ministry of Industry and Information Technology (MIIT), signaling that the model is moving closer to its official launch. The latest batch of regulatory filings, released on July 10, provides technical details for the upcoming vehicle, including its dimensions, powertrain specifications and optional equipment. The Denza Z9S measures 5,090 millimeters in length and 1,980 millimeters in width, with a wheelbase of 3,025 millimeters. Its size places it in a similar segment to the Xiaomi SU7, which has a length of 4,997…

BYD remained China’s largest new energy vehicle (NEV) manufacturer in June, maintaining its lead in the country’s passenger vehicle market, while Tesla held fifth place for the second consecutive month, according to retail sales data released by the China Passenger Car Association (CPCA). BYD recorded retail sales of 224,478 passenger NEVs in China during June. The figure represented an 8.2% increase from May, although it was 36.2% lower than the same month a year earlier. The company accounted for a 22.3% share of China’s NEV retail market, up from 21.8% in May. Geely Auto remained the second-largest NEV seller, delivering…

China’s new energy vehicle (NEV) sales accelerated in June, with strong export demand helping push electric and electrified vehicles to a record share of the country’s new vehicle market. According to data released by the China Association of Automobile Manufacturers (CAAM), total NEV sales, including domestic deliveries and exports, reached 1.643 million units in June, an increase of 23.6% compared with the same month last year and 9.8% higher than in May. NEV production totaled 1.598 million units during the month, up 26% year-on-year. The performance lifted NEVs’ share of China’s total new vehicle sales to a record 58.5%, marking…

CATL has introduced a new battery for light commercial electric vehicles that the company says can charge from 20% to 80% in just 6 minutes and 48 seconds, while also announcing plans to significantly expand its charging and battery-swapping infrastructure across China. The new Tectrans II Superfast Charging Edition is designed for logistics and commercial transport applications and features an 8C peak charging capability, which CATL says is the first of its kind for this vehicle segment. Battery Targets Commercial Fleet Operators According to CATL, a full battery recharge can be completed in approximately 8 minutes and 56 seconds, bringing…

China will end vehicle and vessel tax exemptions for several categories of commercial new energy vehicles (NEVs) beginning January 1, 2027, reflecting the government’s gradual reduction of tax incentives as electric vehicle adoption reaches record levels. The policy, jointly announced by the Ministry of Finance, the State Taxation Administration and the Ministry of Industry and Information Technology, will require battery-electric commercial vehicles, plug-in hybrid commercial vehicles, extended-range electric commercial vehicles and fuel cell commercial vehicles to pay annual vehicle and vessel taxes. Commercial NEVs Lose Tax Benefits The revised policy also eliminates the existing 50% vehicle and vessel tax reduction…

Leapmotor Chairman and Chief Executive Officer Zhu Jiangming has increased his stake in the Chinese electric vehicle manufacturer once again, joining shareholder Fu Liquan in purchasing additional company shares as management seeks to reinforce investor confidence amid a prolonged decline in the stock price. According to a filing with the Hong Kong Stock Exchange, Zhu and Fu recently acquired a combined 4.81 million H shares through open-market transactions at an average price of approximately HK$35.86 per share. Insider Buying Continues The latest purchases were valued at approximately HK$173 million and were made based on management’s confidence in Leapmotor’s future development,…

BYD’s energy storage division has signed an agreement with Greenvolt Power to jointly develop a 600 MW/2.4 GWh battery energy storage project in Poland, further expanding the Chinese company’s presence in Europe’s rapidly growing utility-scale energy storage market. According to BYD, the Siedlce project will become the largest battery energy storage installation in Poland once it enters commercial operation. Poland Project Expands Strategic Partnership The Siedlce project represents the second collaboration between BYD Energy Storage and Greenvolt Power in Poland. The companies previously partnered on two local battery storage projects with a combined capacity of 1.6 GWh. Construction of the…

Li Auto delivered 30,895 vehicles in June, down 14.84% from a year earlier and marking its second consecutive month of year-on-year sales declines, according to data released by the company on Wednesday. The June total was also 7.36% lower than the 33,350 vehicles delivered in May. Second-Quarter Deliveries Meet Guidance Li Auto delivered 98,330 vehicles during the second quarter, meeting its previously issued guidance of between 95,000 and 100,000 units. For the first six months of 2026, deliveries totaled 193,472 vehicles, representing a 5.13% decline from 203,938 units delivered during the same period last year. As of June 30, the…

BYD’s fleet-focused sub-brand Linghui has launched the Linghui M9 business multi-purpose vehicle (MPV) in China, with prices starting at 188,800 yuan (approximately US$27,750). The Linghui M9 is the third model introduced under the Linghui brand and the first MPV in its product portfolio, expanding the lineup beyond the brand’s existing electric sedans. Hybrid MPV Targets Business Mobility The Linghui M9 is based on the BYD Xia MPV and measures 5,200mm in length, 1,970mm in width and 1,805mm in height, with a wheelbase of 3,045mm. Power comes from a 1.5-litre turbocharged engine producing 115kW, paired with BYD’s fifth-generation DM plug-in hybrid…

Nio Power, the energy infrastructure subsidiary of Nio, has signed a strategic cooperation agreement with Zhongan Energy to jointly build 500 battery swap stations across China within the next year. The agreement was signed on June 25 by Zhongan Energy Chairman Wu Guanqiong and Nio Power Vice President Guo Chenggang, according to a company statement released on Friday. Nio founder, chairman and chief executive officer William Li and Nio chief financial officer and Nio Power head Stanley Qu attended the signing ceremony, along with Liu Wenfeng, deputy director of the Anhui Provincial Development and Reform Commission, and Li Ming, general…

China has unveiled a new medium-term energy strategy targeting renewable energy to account for 30% of the country’s electricity generation by 2030 as part of its 15th Five-Year Plan for Building a New Energy System. The plan, jointly released by the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA), outlines China’s energy transition priorities over the next five years, with a strong emphasis on renewable energy, electrification, energy storage and grid flexibility. Expanding Renewable Energy The roadmap calls for accelerated deployment of both centralised and distributed renewable energy projects while promoting greater integration across different energy…

Alibaba-backed Ant Group has appointed Xpeng chairman and chief executive officer He Xiaopeng as an independent director following a reshuffle of its board, according to information published by the company. The changes were disclosed on June 22 and also include the appointments of Bai Chongen, dean of Tsinghua University’s School of Economics and Management, and Tsang Shun-fu, former chief executive officer of Deloitte China. Board Maintains Nine-Member Structure Following the appointments, Ant Group’s board remains composed of nine members, with independent directors accounting for more than half of the seats. Existing independent directors Laura Cha, former chairman of Hong Kong…