Author: Jackson Han

Executives at BYD have increased their holdings in the company, signaling confidence in its long-term prospects following a period of declining stock prices. According to a company announcement on Wednesday, several senior executives, including vice presidents and senior vice presidents, purchased BYD A-shares on the Shenzhen stock exchange this month, totaling approximately RMB 52.3 million ($7.3 million). Senior vice president Luo Hongbin, CFO Zhou Yalin, senior vice president Yang Dongsheng, vice president Luo Zhongliang, and vice president Li Wei collectively acquired 221,800 shares worth RMB 23.6 million between September 1 and 9. An additional 32 core personnel increased their holdings…

Chinese automaker SGMW, under its Baojun and Wuling brands, has revealed the Baojun Huajing S, a new plug-in hybrid SUV co-developed with Huawei, according to filings with China’s Ministry of Industry and Information Technology (MIIT). The model marks the latest collaboration between an established automaker and the Chinese technology giant, incorporating Huawei’s advanced automotive systems. The Huajing S is based on SGMW’s Tianyu Architecture L platform and features a spacious design, measuring 5,235 mm in length, 1,999 mm in width, 1,800 mm in height, with a 3,105 mm wheelbase. The SUV seats five passengers and is positioned as a premium…

Chinese luxury brand Hongqi, part of state-owned FAW Group, has unveiled its new all-electric EHS5 at the IAA Mobility show in Munich, signaling its latest step toward expanding in Europe’s competitive EV sector. The mid-size SUV, the company says, is designed to meet both the everyday and long-distance travel needs of European families, offering robust safety, spacious interiors, and advanced digital connectivity. Founded in 1958, Hongqi is traditionally known in China as a supplier of official state cars powered by combustion engines. In recent years, however, the automaker has pivoted toward electrification and international expansion. Hongqi made its first move…

Toyota’s new electric sedan for the Chinese market, the bZ7, will feature Huawei (HKG: 0700) electric motors and other in-car technologies, according to information from China’s Ministry of Industry and Information Technology (MIIT). Developed locally and manufactured by GAC-Toyota, the bZ7 is powered by a DriveOne electric motor sourced from Huawei, delivering 207 kW of output and a top speed of 190 km/h. The collaboration marks a first for a non-Chinese carmaker to use Huawei motors in a production vehicle. See also: Toyota to Produce RAV4 and Land Cruiser EVs in U.S., Shifts Lexus ES Production to Japan Huawei technology…

Nio said on Wednesday it has priced its $1 billion share offering at $5.57 per American depositary share (ADS), an 11 percent discount to Monday’s closing price of $6.28 in the United States. In Hong Kong dollars, the class A ordinary shares are set at HK$43.36 each. The company expects to complete the ADS portion of the offering by Sept. 11 and the ordinary share offering around Sept. 17. Nio plans to issue up to 181.8 million class A ordinary shares, including ADSs, with underwriters granted a 30-day option to purchase up to 27.3 million additional ADSs, potentially raising an…

Hesai Group (HSAI.O), the world’s largest LiDAR sensor manufacturer, has launched a secondary listing in Hong Kong, aiming to raise up to HK$3.88 billion ($500 million) to support research, production capacity, and business development. The Shanghai-based company is offering 17 million class B shares globally, including 15.3 million for international investors and 1.7 million through a Hong Kong public sale, according to its prospectus. The shares are priced at up to HK$228 ($29.04) each, with trading expected to begin next week under the stock code “2525.” Hesai’s American Depositary Shares (ADS) will continue trading on Nasdaq, where each ADS represents…

Avatr Technology, the high-end electric vehicle brand jointly owned by Changan Automobile and battery giant CATL, unveiled a new concept car ahead of the IAA Mobility auto show in Munich. The Avatr Vision Xpectra measures 5,843 mm in length, 2,132 mm in width and 1,405 mm in height, with a 3,450 mm wheelbase, making it 81 mm longer than the Rolls-Royce Phantom standard model. The four-seat vehicle adopts a design philosophy Avatr calls “The Energy Force,” featuring sculpted fenders, clean body panels and a glass cabin with a roof stretching from front to rear. Its exterior highlights include a two-storey…

CATL has unveiled the Shenxing Pro Battery, marking a major leap in lithium iron phosphate (LFP) technology and setting new safety and performance benchmarks in the global EV battery market. As the world’s first LFP battery to feature NP3.0 system-level safety technology, Shenxing Pro is designed to not only extend range and charging capabilities but also prioritize driver safety in critical situations. At the core of Shenxing Pro is CATL’s No Propagation (NP) 3.0 safety system, the result of seven years of research and innovation. This system ensures that even in the event of thermal runaway, the battery can continue…

Huawei said its updated Aito M7 SUV received more than 100,000 pre-orders within the first hour of sales, underscoring strong demand for new models in China’s crowded electric vehicle market. The Harmony Intelligent Mobility Alliance (HIMA) business unit announced the milestone through its mobile app shortly after pre-sales began. The figure places the M7 among the most popular new launches in recent months. Rival Xiaomi reported more than 200,000 firm orders for its YU7 SUV within three minutes of its June 26 debut. The updated M7 starts at 288,000 yuan ($39,700), about 15% higher than the previous version’s 249,800 yuan.…

Chinese electric vehicle maker Leapmotor (HKG: 9863) shared camouflaged images of its upcoming Lafa 5 hatchback, set to debut at the Munich auto show on September 8. Xu Jun, senior vice president and COO of Leapmotor, posted two photos on Weibo showing the Lafa 5 covered in camouflage wraps. The coupe is aimed at younger consumers worldwide and features a wide body and sporty stance, according to Xu. The Lafa 5 will compete in China’s crowded electric hatchback segment against vehicles including the Volkswagen ID.3, SAIC MG4, BYD Dolphin, and Nio Firefly EV. Leapmotor’s current lineup in China includes the…

Chery Group reported that sales of new energy vehicles (NEVs) in China reached 71,218 units in August, marking a 53.1% increase compared with the same month last year. Total vehicle sales for August amounted to 242,736 units, representing a year-on-year growth of 14.6%. For the period from January to August, Chery sold 495,955 NEVs, an increase of 81.8% compared with the same period in 2024. Overall vehicle sales for the first eight months totaled 1,727,299 units, while overseas exports reached 798,804 units. August marked the fourth consecutive month in which the company’s exports exceeded 100,000 vehicles, setting a new monthly…

Nio confirmed for the first time its collaboration with McLaren, with most of its technical service revenue stemming from the partnership, founder and chief executive William Li said on Tuesday. The comments came a day after Nio released its second-quarter earnings report, which showed that external technical service revenue contributed positively to the company’s gross margin. Speaking at a media briefing at Nio’s Shanghai headquarters, Li noted the importance of the tie-up with the UK automaker. “If you look at the news, you’ll see that our major shareholder, Abu Dhabi’s CYVN Holdings, has acquired McLaren,” Li said. “We began collaborating…