Author: Jackson Han

Lithium prices in China surged on Monday after Beijing said it would scale back value-added tax (VAT) export rebates for battery products, prompting expectations that exporters will accelerate overseas shipments ahead of the policy change. The most-active lithium carbonate contract on the Guangzhou Futures Exchange closed at its daily limit, rising 9% to 156,060 yuan ($21,700) per metric ton, its highest level since November 2023. See also: Global EV Battery Usage Jumps 33% in Jan–Nov as CATL Holds 38.2% Share, BYD at 16.7% China’s finance ministry said on Friday that VAT export rebates for battery products would be reduced to…

Chinese electric vehicle maker Xpeng has secured a 10 billion yuan ($1.4 billion) credit line from the Guangdong branch of the Industrial and Commercial Bank of China (ICBC), reinforcing its financial capacity as it accelerates manufacturing and international expansion. The strategic cooperation agreement was signed on January 6 at Xpeng’s technology park in Guangdong province. Under the arrangement, ICBC Guangdong will provide financing to support Xpeng’s corporate funding requirements, overseas operations and cash management, offering flexibility for both near-term operations and longer-term strategic initiatives. See also: Xpeng Starts Deliveries of 2026 P7+ Sedan as Output Tops 100,000 Units Xpeng said…

Xpeng has launched the updated 2026 model year G6 and G9 electric crossovers in China, introducing its latest advanced driver-assistance systems with computing power of up to 2,250 trillion operations per second (TOPS) as the automaker steps up its push toward near-Level 4 assisted driving. The updated models support Xpeng’s second-generation Vision Language Action (VLA) model and the latest AIOS 6.0 cockpit software. Buyers can optionally equip both vehicles with either the Ultra SE or Ultra assisted driving systems. The Ultra SE system uses two Xpeng-developed Turing AI chips delivering 1,500 TOPS and is priced at 12,000 yuan ($1,715), while…

Xpeng said on Monday it has completed trial production of the updated P7+ sedan at its Austrian manufacturing site, clearing a key step ahead of the model’s imminent launch in Europe. The 2026 Xpeng P7+ has finished trial production at the Graz plant, with Chinese and Austrian teams now moving into the next phase of research, development and production processes to ensure quality standards ahead of customer deliveries, the company said. See also: Xpeng Previews Long-Range G7 EREV Ahead of 2026 Launch Push https://twitter.com/XPengMotors/status/2008139117549293964 Xpeng said it expects the updated model to deliver intelligent and comfortable mobility experiences for global…

Voyah, the premium new energy vehicle brand under China’s Dongfeng Motor, delivered 15,954 vehicles in December, marking a 31.46 percent increase from a year earlier, according to figures released by the company on Wednesday. The December total, however, represented a 20.25 percent decline from November’s 20,005 units, reflecting softer month-end momentum. For the full year 2025, Voyah delivered 150,169 vehicles, up 87 percent year-on-year, though still below its previously stated target of 200,000 units. See also: Dongfeng’s Voyah Launches Passion L Hybrid Sedan to Compete in China’s Luxury Market Voyah’s product lineup currently spans multiple segments, including the Passion and…

China’s BYD is expected to hold a technology-focused event in late February 2026, according to a report by local automotive media outlet Auto Home, as the company prepares to introduce updates to its vehicle technology portfolio. The report said the event will highlight new developments in BYD’s intelligent driving systems. During a recent online investor exchange, the company indicated that advanced driver-assistance features would be rolled out across its entire product range, though specific details of the upcoming announcements were not disclosed. See also: BYD Denies Reports of Flying Car Project Following Online Speculation Earlier this year, BYD introduced its…

China will introduce a mandatory national standard governing energy consumption for pure electric passenger vehicles starting January 1, 2026, marking the first time such requirements carry legal force, according to state broadcaster CCTV, as cited by IT Home. The new regulation, titled Energy Consumption Limits for Electric Vehicles Part 1: Passenger Cars, replaces the country’s previous recommended framework and establishes binding efficiency thresholds based on vehicle weight and technical configuration. Authorities said the standard was developed after assessing current energy consumption levels, advances in efficiency technologies, and cost considerations across the electric vehicle sector. See also: China to Extend Auto…

Nio said it has delivered its 40,000th third-generation ES8 sport utility vehicle, reaching its annual delivery target for the model just over three months after launch. The company disclosed the milestone on its official social media channels, noting that the latest delivery took place in Zhongshan, in southern China’s Guangdong province. The update follows the delivery of the 30,000th unit only 11 days earlier, indicating a rapid pace of shipments toward the end of the year. See also: Nio Battery Unit Mirattery Completes Expanded Series C Funding Round Nio officially launched the third-generation ES8 on Sept. 20, with customer deliveries…

Chinese electric vehicle maker Leapmotor expects to post its first full-year profit this year, supported by strong vehicle sales and improved financial performance over recent quarters, its founder and chief executive said. The company is on track to sell close to 600,000 vehicles in 2025 and achieve annual profitability, founder, chairman and CEO Zhu Jiangming said in an internal letter marking Leapmotor’s 10th anniversary. “2025 marks our 10th year since founding the company. We have achieved the goals set five years ago and delivered a solid performance,” Zhu wrote in the letter, which was shared on the company’s social media…

Chinese electric vehicle maker Zeekr is developing a new sport utility vehicle known as the Zeekr 9S, internally codenamed “Orca,” according to a report by local automotive media outlet Auto Home. The model is positioned as a more performance-oriented alternative to the Zeekr 9X and could make its debut as early as January 2026, with a market launch expected by the end of the first quarter, the report said. Pricing is estimated to start at around 450,000 yuan ($64,230), below the average transaction price of approximately 538,000 yuan for the Zeekr 9X. The Zeekr 9X, which launched on Sept. 29,…

Chinese automaker Dongfeng Motor and technology group Huawei said their jointly developed automotive brand Yijing has produced its first pre-production prototype, marking a key step toward mass production planned for next year. The company said on Wednesday that the vehicle has moved into a new stage of product validation and quality optimisation following the rollout of the prototype from the production line. Yijing’s first model will be a full-size sport utility vehicle and is scheduled to make its public debut at the Beijing Auto Show in 2026, according to the brand. The Yijing project was previously known internally as the…

Ford Motor has officially launched its new electric Bronco in China, intensifying efforts to regain momentum in the world’s largest electric vehicle market as competition from domestic brands continues to accelerate. The automaker introduced the electric Bronco in China on Tuesday with a starting price of 229,800 yuan ($32,640), offering both extended-range electric vehicle (EREV) and battery electric vehicle (BEV) variants. Pricing is in line with earlier pre-sales figures, while Ford is also offering limited-time incentives, including trade-in subsidies of up to 12,000 yuan and cash incentives of 1,600 yuan. The electric Bronco is offered in five variants, comprising three…