Author: Jackson Han

BYD has advanced to 91st place on the latest Fortune Global 500 list, marking a 52-position jump from the previous year and placing it ahead of U.S. rival Tesla, which now ranks 102nd, according to a report released on Tuesday. The Fortune Global 500 ranks the world’s largest companies by revenue. This year’s edition reflects a combined $41.7 trillion in revenue and $2.98 trillion in profit across all listed firms, the report noted. https://twitter.com/BYDCompany/status/1950302814162604149 The new rankings highlight shifting momentum in the global electric vehicle (EV) sector. BYD’s rise comes amid continued efforts to expand internationally, including plans to introduce…

Ferrari is moving forward with plans to launch its first fully electric vehicle next spring, and recent sightings suggest the Italian marque may be benchmarking one of China’s most advanced performance EVs—the Xiaomi SU7 Ultra—as part of its development process. A Xiaomi SU7 Ultra sedan, finished in the distinctive yellow-and-silver livery widely used in the model’s marketing campaigns, was recently spotted outside Ferrari’s headquarters in Maranello. While it is common practice for automakers to study competitors’ models, the appearance of a Chinese EV on Ferrari grounds reflects a shifting landscape in global automotive innovation. https://twitter.com/DriveGreen80167/status/1950072698832322803 The SU7 Ultra has attracted…

Chinese battery manufacturer CATL has constructed more than 400 battery swap stations for passenger vehicles as of the end of July and is on track to reach its target of 1,000 stations by the end of 2025, the company said during its mid-year performance briefing. The battery swap business, which also includes support for heavy-duty trucks, is progressing steadily. Around 100 swap stations have already been built for commercial trucks, with the number expected to triple by the end of the year. CATL has partnered with multiple automakers to launch over 20 vehicle models that support battery swapping using its…

Chinese electric vehicle manufacturer BYD has introduced a more affordable version of its Yuan Up compact electric SUV, cutting prices by 25% as it aims to reach a broader segment of the market. The new variant, priced at RMB 74,800 ($10,400), undercuts the previous base model by RMB 25,000. It comes with a smaller 32-kWh battery pack, offering a CLTC-rated driving range of 301 kilometers, compared to the 401-kilometer range of the higher-tier models, which are equipped with a 45.12-kWh battery. In addition to the reduced battery capacity, the latest version excludes BYD’s “God’s Eye C” smart driving system, a…

Chinese battery manufacturer Sunwoda Electronic has filed for an initial public offering (IPO) in Hong Kong, becoming the latest company in the sector to pursue a listing in the city following Eve Energy. Goldman Sachs and CITIC Securities are acting as joint sponsors for Sunwoda’s proposed listing, according to the preliminary prospectus. Details regarding the number of shares to be issued and the timeline of the listing have not yet been disclosed. Founded in 1997 and listed on the Shenzhen Stock Exchange in 2011, Sunwoda expanded its international presence in November 2022 with the issuance of Global Depository Receipts (GDRs)…

Nio is preparing to unveil its third-generation ES8 SUV in the coming months, with the model recently spotted undergoing road tests in China, according to images shared by a local automotive blogger. The company previously confirmed the vehicle would be introduced at its annual Nio Day event, which has been moved to the fall to align with the peak sales season in the fourth quarter. The third-generation ES8, listed last month in a regulatory filing from China’s Ministry of Industry and Information Technology, features a larger body compared with its predecessor. The updated SUV measures 5,280 mm in length, 2,010…

WeRide and Uber have expanded their Robotaxi operations in Abu Dhabi to include Al Reem and Al Maryah Islands, in coordination with the Integrated Transport Centre (ITC). The expansion is expected to double ride volumes and significantly increase the service area, which now includes parts of Yas Island, Saadiyat Island, and highway routes to and from Zayed International Airport. Since launching their joint service in December 2024, WeRide and Uber have tripled the size of their Robotaxi fleet in Abu Dhabi. Both companies intend to expand further later this year, with plans to operate in Khalifa City, Masdar City, and…

BYD has become the leading electric vehicle (EV) brand in Hong Kong for the first half of 2025, capturing 27% of new private EV registrations and overtaking rivals Tesla and BMW, according to data from the city’s Transport Department. The Shenzhen-based automaker registered 4,902 EVs out of 18,356 total private EV registrations between January and June. Its sales were led by the Sealion 07, a mid-size SUV launched in late 2024, which accounted for 3,676 units—making it the best-selling EV model in the city during the period. Tesla followed with 3,889 registrations, while other automakers including Zeekr, Toyota, and Xpeng…

Aito, the automotive brand backed by Huawei and Seres Group, has opened pre-sales for the battery electric vehicle (BEV) version of its M8 SUV, the company said Friday. The vehicle is scheduled to launch officially in August. The starting price for the Aito M8 BEV is RMB 378,000 ($52,780), according to a post by Huawei’s Harmony Intelligent Mobility Alliance (HIMA) on Weibo. Customers who place a deposit of RMB 5,000 will receive a discount of the same amount and a complimentary purple exterior option valued at RMB 8,000. Originally launched on April 16 as an extended-range electric vehicle (EREV), the…

Yangwang, the premium sub-brand of Chinese electric vehicle maker BYD, announced on Sunday it will begin pre-sales for its flagship U8L Dingshi Edition on July 31. The official launch event will take place at 2:30 p.m. Beijing Time on the same day. The U8L is a full-size executive luxury SUV distinguished by a logo made from 24-karat pure gold, positioning it at the ultra-luxury end of the market. The model was first unveiled at the 2025 Shanghai Auto Show on April 23, with the company confirming at the time that a launch was expected in the second half of the…

Leapmotor has officially launched the B01, expanding its electric vehicle lineup with a new mid-size sedan targeting China’s price-sensitive EV market. The company revealed six variants of the B01 at a launch event, with prices starting at RMB 89,800 ($12,550), representing a 15% reduction from its earlier pre-sale price of RMB 105,800. The B01 now includes a newly introduced base model offering a CLTC range of 430 kilometers. Higher variants deliver extended ranges of 550 km and 650 km, with corresponding battery capacities of 56.2 kWh and 67.1 kWh. The entry-level model comes equipped with a 43.9 kWh lithium iron…

Tesla is planning to open its first Tesla Diner in China, with a launch targeted around the Lunar New Year in February 2026, according to a report by local media outlet West China City Daily on Wednesday. The automaker has reportedly allocated a 3,000-square-meter site adjacent to its Gigafactory in Pudong, Shanghai, for the facility, which would mirror Tesla’s first restaurant and charging hub that opened in Hollywood, California, earlier this month. Tesla’s Hollywood diner, which opened on July 21, features 80 V4 Superchargers, two 66-foot LED movie screens, and a 24-hour restaurant with seating for over 250 guests. The…