Author: Jackson Han

Li Auto returned to a quarterly loss in the third quarter as a sharp decline in vehicle deliveries and costs linked to the recall of its Li Mega multi-purpose vehicle weighed on earnings, the company said in an unaudited earnings report released on Wednesday. The automaker posted a net loss of RMB 624 million ($87.7 million) for the quarter, compared with a net profit of RMB 2.8 billion a year earlier and RMB 1.1 billion in the previous quarter. On a non-GAAP basis, Li Auto reported an adjusted net loss of RMB 360 million, reversing a non-GAAP profit of RMB…

BYD recorded another month of strong sales momentum in Europe in October, while Tesla  continued to see declining registrations, according to data released  by the European Automobile Manufacturers Association (ACEA). BYD registered 17,470 new vehicles across Europe — defined as the European Union plus Iceland, Liechtenstein, Norway, Switzerland, and the United Kingdom (EU + EFTA + UK). This marked a 206.8 percent year-on-year increase from 5,695 units in October 2024. Tesla logged 6,964 registrations, down 48.5 percent from 13,519 units a year earlier. See also: EU BEV Registrations Hit 16.4% Share by October Despite Sluggish Overall Market Within the EU,…

A senior Tesla executive in China said on Wednesday that the U.S. electric vehicle maker does not exclude suppliers based on their country of origin, underscoring the role of Chinese companies in Tesla’s global supply chain. The comments came after a media report this month said Tesla had asked suppliers to avoid China-made components for vehicles produced in the United States. “Whether in the United States, China or Europe, Tesla applies the same strict and objective standards for selecting suppliers across its global production facilities,” said Grace Tao, Tesla’s vice president in charge of government affairs and public relations in…

Nio has entered into a partnership with Thailand’s Thonburi Group to introduce its Onvo and Firefly sub-brands to the Thai market, according to a report by Yiche. Thonburi owns Thonburi Automotive Assembly Plant Co Ltd, one of the region’s major Mercedes-Benz assembly operations. Firefly, Nio’s newest sub-brand, said on November 21 that the collaboration will leverage Thonburi’s industrial capabilities and commercial ecosystem. The Thai company, established in 1941, is known for its automotive and mobility services network. Further details of the partnership were not disclosed. The expansion comes as Nio accelerates its push into right-hand-drive (RHD) markets. Firefly president Daniel…

Zeekr has initiated a crowdfunding campaign in China to allow owners of older 2024 Zeekr 001 and 009 vehicles to upgrade their driver-assistance systems, Autohome reported. The initiative targets vehicles currently equipped with the Mobileye EyeQ5H platform, which delivers 48 TOPS of computing power, and offers an upgrade to Zeekr’s in-house G-Pilot H7 system built on Nvidia’s Drive Thor-U architecture, capable of up to 700 TOPS. The campaign runs from November 24 to December 24, 2025, and aims to reach more than 70,000 eligible vehicles. The upgrade is priced at 13,500 yuan (approximately 1,900 USD) for the 001, requiring at…

Nio sharply narrowed its net loss in the third quarter of 2025 as the electric vehicle maker intensified its cost-control measures ahead of a planned push to achieve its first quarterly non-GAAP profit in the fourth quarter. The company reported a net loss of RMB 3.48 billion ($490 million), its lowest since the third quarter of 2022, according to unaudited results released on Tuesday. The quarterly net loss was 31.2 percent lower than a year earlier and 30.3 percent below the second quarter of 2025. Adjusted net loss (non-GAAP) fell to RMB 2.74 billion, down 38.0 percent year-on-year and 33.7…

Deepal, the new energy vehicle (NEV) brand under Changan Automobile, has acquired a former Hyundai plant in China, marking another instance of domestic manufacturers taking over idle joint-venture capacity, according to a report from The Economic Observer. The Chongqing factory, previously operated by Beijing Hyundai, has been rebranded under Deepal and is expected to support future production expansion, though operations have not yet resumed. See also: Changan Sets 2030 Target for 50 New NEVs and Expands Global Sales Ambitions The Chongqing facility was Hyundai’s fifth plant in China and began operations in 2017 following an investment of RMB 7.7 billion…

AUDI, the new brand jointly created by Audi and SAIC, unveiled its E SUV Concept on the opening day of the 2025 Guangzhou Auto Show, marking the brand’s second model after the E5 Sportback. The production version of the concept is scheduled for release in 2026, following the same timeline as the E5 Sportback. The E SUV Concept carries forward the design language of the E5 Sportback, including a distinctive front face, while introducing features such as a roof-mounted LiDAR sensor and digital rearview mirrors. “The AUDI E SUV Concept embodies simplicity to master complexity, outlining the dynamic posture of…

GAC Toyota, the joint venture between Toyota and GAC Group, opened pre-orders for its bZ7 electric sedan on Friday as the 2025 Guangzhou auto show began. While the company did not disclose the pre-sales price, it said the model is positioned in the RMB 200,000 (USD 28,120) segment. The bZ7 is developed primarily by Toyota’s China engineering team and is the second model to follow this approach after the bZ3X. The sedan incorporates Huawei’s HarmonySpace cockpit system and connects with Xiaomi’s smart ecosystem. It also includes Momenta’s advanced driver assistance technology, which supports Navigation on Autopilot for both urban and…

Stelato, the automotive brand jointly developed by Huawei and Beijing Automotive Group (BAIC Group), unveiled an updated version of its S9 sedan on Thursday, retaining the starting price of RMB 309,800 ($43,540) while adding upgraded configurations. The company said the model’s refreshed design and expanded feature set aim to strengthen its position in China’s premium sedan market. The latest S9 maintains the launch price of its predecessor and reflects an RMB 8,200 reduction from the pre-sales price announced in early November. The model competes with high-end sedans such as the Mercedes-Benz E-Class, BMW 5 Series and Audi A6L. “This update…

Firefly, the premium compact EV brand under Nio Inc, has started mass production of its right-hand drive variant, marking a key step in the company’s overseas expansion strategy. Nio said the first batch of the right-hand drive Firefly EVs, produced on November 18, will be shipped to Singapore. Nio launched the Firefly brand at Nio Day 2024 and introduced the Firefly EV in China on April 19 after initially planning a European debut. The change in strategy followed the introduction of higher EU tariffs on Chinese-made electric vehicles. Firefly deliveries in Europe began on August 14 in Norway and the…

Yangwang, the ultra-luxury sub-brand of BYD, will display its U9 Xtreme electric supercar at the 2025 Guangzhou auto show, according to several domestic automotive media reports published on Monday. The auto show, held annually since 2003, will take place at the Canton Fair Complex from November 21 to 30, with the first day reserved for media. Yangwang introduced the U9 Xtreme on September 20 and began taking reservations for a global limited run of 30 units. See also: Yangwang U9X Sets Nürburgring Record for Fastest Electric Production Car The company said the U9 Xtreme achieved a certified top speed of…