Author: Andrew Wang

Chinese electric vehicle maker Nio has rolled out a seven-year, low-interest financing plan for car buyers in China, joining a growing list of automakers using extended credit terms to support demand amid a seasonal market slowdown and reduced policy support. The financing programme, announced on Sunday, applies to selected lower-priced models under the Nio main brand as well as its sub-brands Onvo and Firefly, and is available for purchases made this month. Under the scheme, buyers are required to make a minimum down payment of 20%, with an annualised fee rate of 0.49%. See also: Nio January Deliveries Jump 96%…

Xiaomi’s electric vehicle unit reported lower deliveries in January as the company prepared a facelift of its SU7 electric sedan and China’s auto market entered a traditional slow period. Xiaomi said its EV business delivered more than 39,000 vehicles last month, according to a post on the company’s Weibo account on Sunday. The figure represents a sharp drop from December, when Xiaomi EV delivered a record 50,212 units. See also: Xiaomi Tops Direct EV Imports to Key EU Markets Via Online Platform Despite Official 2027 Entry Plan Xiaomi does not typically disclose precise monthly delivery numbers ahead of official industry…

Xpeng reported a sharp decline in vehicle deliveries in January, as China’s electric vehicle market entered its traditional seasonal slowdown and buyers adjusted to reduced government support measures. The Chinese electric vehicle maker delivered 20,011 vehicles last month, down 34.07% from a year earlier and 46.65% from December, according to company data released on Saturday. January typically marks a softer period for auto sales in China following strong year-end demand. See also: Xpeng Joins Rivals With Seven-Year Low-Interest EV Financing in China The decline came as policy conditions shifted at the start of 2026. New energy vehicle buyers are now…

Great Wall Motor (GWM) reported year-on-year sales growth in January, supported by strong overseas demand, even as domestic sales and new energy vehicle deliveries declined from both a year earlier and the previous month. The automaker sold 90,312 vehicles in January, up 11.59% from a year earlier but down 27.18% from December, GWM said in a statement. Overseas sales remained a key growth driver, rising 43.77% year on year to 40,278 vehicles, although that figure was 29.85% lower than in December. Exports accounted for nearly half of GWM’s total monthly deliveries. In contrast, sales of new energy vehicles (NEVs) fell…

Li Auto reported a further drop in monthly vehicle deliveries in January, extending a prolonged downturn as competition intensified and overall market conditions remained weak. The automaker delivered 27,668 vehicles last month, down 7.55% from a year earlier and 37.47% lower than December levels, company data released on Sunday showed. January marked Li Auto’s eighth consecutive month of year-on-year declines and its weakest monthly delivery performance since March 2025. As of Jan. 31, 2026, Li Auto’s cumulative deliveries stood at 1,567,883 vehicles. See also: Li Auto Rolls Out Up to Seven-Year Low-Interest Financing in China The company struggled throughout 2025…

Chinese electric vehicle maker Li Auto is continuing to face production constraints for its Li i6 electric sport utility vehicle due to battery supply limitations, even four months after the model’s market launch, the company said. Li Auto has informed some Li i6 customers that deliveries will be delayed because production capacity preparation and ramp-up for unspecified “core components” have not met expectations. According to a company statement cited by local automotive media outlet Yiche on Thursday, affected buyers are being told to expect delivery waits of four to six weeks. See also: Li Auto Launches Li i6 Electric SUV…

Dongfeng Nissan has begun mass production of its new mid-to-large new energy sport utility vehicle, the NX8, at its Huadu manufacturing plant, marking a fresh push by the joint venture into China’s highly competitive electric vehicle market. The NX8, the third model under Dongfeng Nissan’s N series, is built on the company’s Tianyan architecture and will be offered in both battery-electric (BEV) and range-extended electric vehicle (EREV) configurations. The model is expected to reach the Chinese market between March and April this year. See also: Dongfeng-Nissan Releases Official Images of NX8 SUV as Regulatory Filing Clears Key China Hurdle Visually,…

Chery Holding Group’s pickup truck brand Rely Auto has launched its first pure-electric pickup in China, adding momentum to a small but fast-growing segment of the country’s new energy vehicle market. Rely on Tuesday introduced the R08 EV with prices ranging from RMB 127,800 ($18,370) to RMB 158,800, marking the brand’s debut battery-electric pickup. The move follows earlier entries into the electric pickup space by rivals including Radar Auto, owned by Geely. See also: Chery’s LEPAS Brand Unveils LEX Platform for Global New Energy Vehicles The R08 EV measures 5,330 mm in length, 1,920 mm in width and 1,890 mm…

Porsche plans to further shrink its dealership network in China this year as the German luxury carmaker grapples with prolonged sales declines in the world’s largest automotive market, according to Chinese media reports. The Volkswagen Group-owned brand aims to reduce its number of dealers in China by about 30% to around 80 outlets by 2026, Alexander Pollich, chief executive of Porsche China, was quoted as saying by local business outlet Yicai on Monday. Porsche had already cut its dealer count from about 150 to 114 in 2025, the report said. See also: Porsche China Deliveries Fall 26% in 2025 as…

China FAW Group said its vehicle sales reached 3.302 million units in 2025, with revenue exceeding 541.5 billion yuan ($76.4 billion), as the state-owned automaker outlined growth targets and supply chain priorities for the coming planning cycle. The figures were disclosed at FAW’s 2026 Hongqi Supply Chain Partner Conference held on Jan. 21 at Hongqi Hall. FAW said the performance kept the group among the industry’s leading players despite intensifying competition and a rapid transition toward new energy vehicles. See also: Hongqi Tests Solid-State Battery Prototype in First Vehicle Milestone Hongqi, FAW’s premium brand, recorded annual sales of more than…

Li Auto has become one of the most heavily targeted stocks by short sellers among Chinese automakers, as weakening sales and intense competition erode confidence in what was once the sector’s strongest performer. Short positions in Li Auto’s Hong Kong-listed shares rose to 9.6% of free float as of Wednesday, the highest level on record, up from about 1% a year earlier, according to S&P Global data cited by Bloomberg. The company has been the most heavily shorted Chinese automaker since September, Bloomberg data showed. See also: Li Auto Sets 2026 Goal of 550,000 Deliveries, Aiming for 40% Growth Li…

Xpeng said it has begun offering low-interest financing with terms of up to seven years in China, joining a growing list of electric vehicle makers seeking to stimulate demand in a highly competitive market without resorting to outright price cuts. The company said on Thursday via Weibo that customers purchasing any Xpeng model between Jan. 21 and Jan. 31 are eligible for the seven-year low-interest plan across its entire lineup. For the Mona M03 electric sedan, which starts at 119,800 yuan ($17,210), the offer translates into monthly payments as low as 1,355 yuan with a 15% down payment. See also:…