Author: Jackson Han

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…

CATL and BYD continued to dominate the global electric vehicle battery market in the first seven months of the year, jointly accounting for more than half of total installations, according to industry data. Global EV battery capacity installed between January and July reached 590.7 gigawatt hours (GWh), up 35.3% from 436.7 GWh a year earlier, South Korean research firm SNE Research said. CATL’s installations rose 34.0% year-on-year to 221.4 GWh, giving the Chinese battery maker a 37.5% global share. While maintaining its leadership, this was slightly lower than the 37.8% share recorded in the same period of 2024 and below…

Tesla has surged ahead in Türkiye’s electric vehicle (EV) market, selling 8,730 Model Y units in August, an 86% increase from July, according to data from the Automotive Distributors and Mobility Association (ODMD). The U.S. automaker is now Türkiye’s second-largest auto brand by monthly sales, trailing only Renault. The strong performance pushed Tesla past established brands including Fiat, Volkswagen, Toyota, and Hyundai, while capturing nearly half of Türkiye’s EV market in August. Year-to-date deliveries through August reached roughly 26,000 vehicles, quadrupling the volume seen during the same period in 2024, Turkish Minute reported. Industry analysts attribute Tesla’s momentum in Türkiye…

Nio posted a narrower net loss in the second quarter as it reduced expenses, while reiterating its goal of reaching its first quarterly profit in the final three months of the year. The Chinese electric vehicle maker reported a net loss of RMB 4.99 billion ($697 million) for the three months ended June 30, its smallest since the fourth quarter of 2023, according to unaudited results released on Tuesday. That marked a 1% decline from a year earlier and a 26% drop from the first quarter of 2025. Nio attributed the improved result to tighter cost controls. Research and development…

Nio said on Monday it delivered 31,305 vehicles in August, its highest-ever monthly total, as strong sales from its Onvo and Firefly sub-brands offset weakness in its main brand. Deliveries rose 55.2% from a year earlier and 48.9% from July, surpassing the company’s previous record of 31,138 units set in December 2024. Onvo delivered 16,434 units, up 175% from July, while Firefly delivered 4,346 units, an 83.7% increase. The main Nio brand continued to struggle, delivering 10,525 units in August, down 47.8% year-on-year and 17% from July. From January to August, Nio delivered 166,472 vehicles, a 30% increase from a…

Tesla has reduced the price of its long-range rear-wheel drive Model 3 sedan in China by $1,400, less than a month after introducing the longest-range version of the car in the country. The model, launched on August 12 with a range of 830 kilometers under the CLTC standard, now starts at about $35,700, down from its initial price of $37,100. At launch, it was priced roughly 14 percent higher than the entry-level rear-wheel drive Model 3, which remains at around $32,400. The long-range rear-wheel drive version expanded the Model 3 lineup in China to four variants, joining the long-range all-wheel…

BYD said on Friday it will reduce the minimum trading lot size of its Hong Kong-listed shares to make the stock more accessible to investors and improve market liquidity. Effective from 9:00 a.m. on Sept. 19, the minimum trading lot will be lowered from 500 shares to 100 shares, according to a filing with the Hong Kong Stock Exchange. The change applies to both Hong Kong dollar and renminbi counters. At BYD’s closing price of HK$114.4 on Friday, the minimum investment required will fall from HK$57,200 to HK$11,440 once the adjustment takes effect. The company said the move is intended…

Chinese electric vehicle maker Xpeng has launched the next-generation P7 electric sedan, introducing upgraded performance, new design elements, and advanced computing power. The liftback starts at 219,800 yuan ($30,730) for its entry-level variant, with four trims priced up to 301,800 yuan ($42,190). The P7, first released in 2020, has accumulated domestic sales of nearly 191,000 units and expanded into overseas markets including Europe. The updated model adopts Xpeng’s Xmart Face design language with a slim LED strip, illuminated logo, retractable door handles, active air intake, and an optional active rear spoiler. The vehicle has a drag coefficient of 0.201 Cd…