Author: Andrew Wang

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…

Nio has celebrated the 10th anniversary of its research and development center in the United Kingdom, highlighting a decade of engineering collaboration as the Chinese electric vehicle manufacturer continues to expand its global footprint. The company marked the milestone with an event on June 18 in Witney, Oxfordshire, where it also officially opened a new engineering facility designed to strengthen its research and vehicle development capabilities. Representatives from government bodies, industry partners, and media organizations attended the ceremony, which Nio described as an important step in the evolution of its international engineering network. UK Center Plays Key Role in Global…

Executives from Chinese electric vehicle makers Li Auto and Nio have publicly disagreed over the future prospects of extended-range electric vehicles (EREVs), reflecting intensifying competition between rival technology approaches in China’s rapidly evolving new energy vehicle (NEV) market. The debate emerged after Li Auto founder, chairman and chief executive Li Xiang defended the role of extended-range vehicles, while executives from Nio pointed to rising battery-electric vehicle (BEV) adoption as evidence that fully electric models are becoming the dominant force in the market. Li Auto Defends Extended-Range Vehicles In a post on Chinese social media platform Weibo on June 17, Li…

Chinese battery manufacturer Farasis Energy has signed a strategic cooperation agreement with German energy technology company WLF Energy, marking a new step in its efforts to expand internationally and strengthen its position in the rapidly growing energy storage sector. The partnership will focus on the joint development of next-generation battery technologies and energy storage products targeting utility-scale, commercial and industrial, as well as distributed energy storage applications. Joint development of advanced energy storage solutions Under the agreement, Farasis Energy and WLF Energy will collaborate on a long-term technology and product roadmap designed to accelerate innovation in battery storage and energy…

Huawei’s Harmony Intelligent Mobility Alliance (HIMA) has launched two new battery-electric variants of the Aito M6, significantly lowering the entry price of the popular mid-to-large-size SUV. The new models are priced between 229,800 yuan ($34,010) and 249,800 yuan, expanding the vehicle’s appeal to a broader range of customers in China’s highly competitive electric vehicle market. Lower-priced BEV variants join the lineup The launch marks a substantial reduction in the starting price for the Aito M6’s battery-electric range. Previously, the lowest-priced BEV version available started at 279,800 yuan. With the introduction of the new variants, customers can now access the Aito…

Smart has officially launched the #6 EHD sedan in China, marking the brand’s largest model to date and its first vehicle equipped with EHD (Electric Hybrid Drive) technology. The new model, introduced on Thursday, represents a significant expansion for the premium electric mobility brand jointly owned by Mercedes-Benz and Geely. With a focus on long-range efficiency, advanced driver assistance technology and a larger vehicle footprint, the Smart #6 EHD targets China’s increasingly competitive new energy vehicle market. Three Variants Offered The Smart #6 EHD is available in three trim levels: 1675 Pro, 1810 Max and 1810 Ultra. Limited-time promotional pricing…

BYD is preparing to launch a new flagship luxury sedan in China, with regulatory filings revealing key specifications of the upcoming Great Han, a premium limousine that will be available in both battery-electric and plug-in hybrid variants. Documents published by China’s Ministry of Industry and Information Technology (MIIT) show that the new model will offer up to 570 kW of power and a driving range of up to 1,008 kilometres under the CLTC testing standard. The Great Han, also referred to as the Dahan in some Chinese media reports, is expected to enter the Chinese market later this year as…

Chinese electric vehicle manufacturer Nio has opened its first retail location in Greece, marking another step in the company’s evolving European expansion strategy. The new showroom, known as Nio House Athens, officially opened on June 11 and welcomed visitors from June 12. The facility was developed in partnership with Motodynamics Group, Nio’s exclusive distributor for Greece, Cyprus and Bulgaria. Located in the northern Athens district of Kifissia, the site serves as Nio’s first physical presence in Greece and reflects the company’s increasing reliance on local distribution partners as it seeks to expand across Europe while reducing operating costs. Premium EV…

China’s automotive market reached a historic milestone in May 2026 as internal combustion engine (ICE) vehicles disappeared entirely from the country’s top 10 best-selling passenger car models for the first time. The ranking was composed exclusively of New Energy Vehicles (NEVs), a category that in China includes battery-electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and extended-range electric vehicles (EREVs). The development underscores the rapid pace of electrification in the world’s largest automotive market, where electric and electrified vehicles have steadily increased their share of sales over recent years. Top Five Positions Claimed by Pure EVs Not only did NEVs…

Tesla recorded a strong rebound in China during May, with domestic retail sales rising sharply and exports from its Shanghai Gigafactory remaining robust, helping the electric vehicle maker reverse a two-month streak of year-on-year sales declines. According to data released by the China Passenger Car Association (CPCA), Tesla’s domestic retail sales in China reached 47,281 vehicles in May, representing a 22.53% increase from the same month last year. The performance marked a significant recovery from April, with retail deliveries surging 82.16% month-on-month as the company benefited from stronger consumer demand and new financing initiatives. Domestic Market Share Improves Tesla’s recovery…

China has introduced a new set of technical regulations for extended-range electric vehicles (EREVs), establishing stricter performance requirements and testing procedures as the segment continues to grow rapidly in the world’s largest electric vehicle market. The revised industry standard, QC/T 1086-2026, will take effect in November 2026 and replace the previous QC/T 1086-2017 standard that has been in place since 2017. The updated framework reflects the increasing importance of EREVs in China and introduces more detailed and measurable requirements for range-extender systems used in electric vehicles. Shift Toward More Binding Technical Requirements One of the most notable changes is the…

Chinese robotics startup PaXini Tech is considering an initial public offering in Hong Kong, according to a Bloomberg report, as investor interest in robotics and embodied artificial intelligence continues to grow. The Shenzhen-based company, which is backed by electric vehicle manufacturer BYD and e-commerce group JD.com, is reportedly working with banks on a potential listing and could file an application with the Hong Kong Stock Exchange in the coming months. Valuation Exceeds RMB 10 Billion The reported IPO plans come after PaXini raised more than RMB 1 billion ($148 million) in a funding round completed in March 2026. The financing…

China’s new energy vehicle (NEV) market continued to expand in May, with wholesale passenger vehicle sales estimated at 1.36 million units, as rising fuel costs, growing exports and continued product launches supported demand. The estimate, released by the China Passenger Car Association (CPCA), represents a 12% increase from a year earlier and an 11% rise compared with April. Fuel Prices and Market Conditions Support NEV Demand According to the CPCA, higher oil prices played a role in accelerating consumer interest in electric and electrified vehicles. The association said geopolitical tensions affecting shipping through the Strait of Hormuz contributed to elevated…

Xpeng is increasing efforts to protect its intellectual property and core technologies by conducting an internal review of compliance with non-compete agreements among former employees, according to a report by Chinese media outlet Guancha. The investigation is focused on personnel who previously worked in key research and development divisions, including the company’s artificial intelligence and robotics operations, as competition for advanced technology talent intensifies across China’s electric vehicle sector. Arbitration Case Targets Former Employee According to the report, Xpeng has initiated labor arbitration proceedings against a former employee accused of violating a non-compete agreement after joining a competing company. The…

Geely Auto reported a modest increase in vehicle sales in May as record overseas deliveries helped offset continued weakness in China’s domestic automotive market. The Chinese automaker sold 237,637 vehicles in May, up 1.0% from a year earlier and 1.1% higher than in April, according to data released by the company on Monday. Total sales for the first five months of the year reached 1.18 million vehicles, representing a 0.8% increase compared with the same period last year. Overseas Sales Reach Record High Exports remained the company’s strongest source of growth during the month. Geely Auto sold a record 85,144…

Aistaland, the new energy vehicle brand jointly created by GAC Group and Huawei, has opened pre-sales for its first production model, the GT7, as it enters China’s increasingly competitive premium electric vehicle market. The GT7 is a mid-to-large-size shooting brake coupe offered in four variants, with pre-sale prices starting at 219,900 yuan (US$32,490) and rising to 309,900 yuan for the highest-specification version. The model is scheduled to officially launch and begin customer deliveries next month. Entry Into the Premium EV Segment The GT7 marks Aistaland’s first production vehicle and its entry into the growing premium electric vehicle sector. The company…

BYD has announced that it will assume financial liability for traffic accidents occurring while its urban navigate-on-autopilot (NOA) system is operating in China, extending a safety guarantee program for users of its advanced assisted driving technologies. The policy was unveiled during the company’s vehicle intelligence strategy event and applies to vehicles equipped with the God’s Eye A and God’s Eye B assisted driving systems. Coverage for New and Existing Owners According to BYD, the one-year coverage period begins from the date of vehicle delivery for new buyers. Existing owners can also qualify for the safety guarantee after upgrading their vehicles…

Chinese electric vehicle manufacturer Xpeng reported a significantly wider net loss in the first quarter of 2026, reversing the company’s first-ever quarterly profit achieved at the end of last year as seasonal weakness weighed on vehicle sales. The automaker posted a net loss of 1.78 billion yuan ($260 million) for the three months ended March 31, according to its latest unaudited financial results. The loss compares with a net loss of 660 million yuan in the same period a year earlier and follows a net profit of 380 million yuan recorded in the fourth quarter of 2025. Revenue declined 17.6%…

Nio has officially launched sales of its flagship ES9 electric SUV in China, marking the market introduction of the company’s largest battery-electric sport utility vehicle following its debut at Auto China in April. Positioned as an “Executive SUV,” the ES9 is available from 390,000 yuan (approximately €49,500) under Nio’s Battery-as-a-Service (BaaS) program, or from 498,000 yuan (around €63,000) with the battery included. The ES9 measures 5.37 metres in length and features a wheelbase of 3.25 metres, making it one of the largest battery-electric SUVs currently available in the Chinese market. Nio said the dimensions enable a spacious three-row interior designed…

State Grid Changzhou Power Supply Company has energised a new box-type transformer to supply centralised electric vehicle charging stations at Chengbei Community in Jintan District, Changzhou, in China’s Jiangsu Province, as part of efforts to address growing charging demand linked to rising new energy vehicle adoption. The project was developed to resolve charging shortages in an older residential community where increasing ownership of new energy vehicles (NEVs) had exceeded the capacity of existing electrical infrastructure, the company said. According to State Grid Changzhou, the project required coordination among investors, local community committees and property management companies. The utility said it…