Author: Jackson Han

William Li, founder, chairman, and CEO of Nio, is visiting Europe following the rollout of the company’s Firefly brand in the region about three months ago. The visit comes as Nio continues to strengthen its foothold in Europe’s premium compact electric vehicle (EV) market. Li shared two images on social media, one showing Firefly president Daniel Jin and Nio CFO Stanley Qu—who also oversees Nio’s energy business, Nio Power—seated together in the rear of a vehicle. Firefly officially entered the European market in August 2025, with its first deliveries taking place on August 14 in Norway and the Netherlands. See…

GWM reported strong sales performance in October, delivering 143,078 vehicles, marking its second-highest monthly total on record after December 2021’s 162,369 units. The figure represents a 22.5 percent increase from the same month last year and a 7.1 percent rise from September, supported by solid domestic and overseas demand. Overseas sales reached a record 57,158 units in October, accounting for 39.95 percent of total sales and marking the third consecutive month of record highs. The figure rose 28.7 percent year-on-year and 13.7 percent month-on-month, reflecting GWM’s growing global footprint. See also: Great Wall Motor Posts Record Q3 Results as NEV…

Seres Group posted a slight year-on-year decline in third-quarter profit despite recording double-digit revenue growth. The company reported a net income of RMB 2.37 billion ($333 million) for the quarter, down 1.74 percent from a year earlier. Revenue for the quarter rose 15.75 percent to RMB 48.13 billion, reflecting steady growth in vehicle demand and production scale. See also: CATL Begins ‘Factory-in-Factory’ Battery Production at Seres Plant in Chongqing For the first nine months of 2024, Seres’ revenue reached RMB 110.53 billion, a 3.67 percent year-on-year increase, while net income rose 31.56 percent to RMB 5.31 billion. The company attributed…

BYD unveiled its first kei car, the Racco, at the 2025 Japan Mobility Show, marking a major step in the Chinese automaker’s expansion into Japan’s unique small-car segment. The company said it has no plans to sell the model outside Japan. The Racco, described as a “super-height wagon,” enters the core of Japan’s kei car market — compact vehicles known for their efficiency and practicality. Measuring 3.4 meters long, 1.48 meters wide, and 1.8 meters high, the Racco features sliding doors on both sides to enhance accessibility. See also: BYD Quarterly Profit Drops 33% as Sales Slow and Competition Intensifies…

BYD said its third-quarter net income fell sharply as slowing sales and stiffer competition dragged on performance, marking a rare revenue decline for China’s largest new energy vehicle (NEV) manufacturer. The company reported a net income of RMB 7.82 billion ($1.1 billion) for the July–September period, down 32.6% from a year earlier, according to its financial results. That marks the second consecutive year-on-year decline in quarterly profit, though earnings rose 23.1% from the previous quarter. See also: BYD to Equip $14,000 Models with Advanced Battery and ADAS Tech by 2026 After excluding non-recurring items, BYD’s adjusted net income was RMB…

Leapmotor has achieved a key milestone with the delivery of its 100,000th C16 SUV, about 16 months after the model’s market debut. The Chinese new energy vehicle (NEV) maker announced the achievement on Weibo today, noting that the C16 has held the title of China’s best-selling large SUV priced under RMB 200,000 ($28,100) for 14 consecutive months. See also: Leapmotor CEO Predicts China’s EV Dominance as Company Posts First Half-Year Profit The C16 was launched on June 28, 2024, offering six-seat configurations in both battery electric vehicle (BEV) and extended-range electric vehicle (EREV) versions. Leapmotor expanded the lineup in June…

Horizon Robotics has expanded its collaboration with global automotive supplier ZF through the launch of the coPILOT driver-assistance system, capable of supporting city-level Navigate on Autopilot (NOA) functions for the Chinese market, the company said in a press release on Friday. The coPILOT system, developed jointly with ZF, will be used by a major domestic automaker and is scheduled to enter mass production in 2026. It is powered by ZF’s in-house ProAI computing platform, which integrates Horizon Robotics’ flagship Journey® 6P processor — a chip designed specifically for advanced urban driving assistance applications. See also: Horizon Robotics, DENSO Partner to…

IM Motors, the electric vehicle arm of SAIC Motor, will open pre-sales for its new LS9 extended-range SUV on November 4, as the automaker continues expanding into China’s fast-growing extended-range electric vehicle (EREV) segment. The LS9 will make its official debut during an event at 7:00 p.m. Beijing time that same day, IM Motors said in a Weibo post. The full-size SUV will feature a 402-kilometer battery range under the China Light-Duty Vehicle Test Cycle (CLTC) and claim the segment’s lowest fuel consumption of 2.81 liters per 100 kilometers. The model will also include a 520-channel LiDAR sensor to enhance…

Stelato, the premium automotive brand jointly established by Huawei and Beijing Automotive Group (BAIC Group), will launch an updated version of its S9 sedan next month, marking the model’s first major refresh since its debut in August 2024. The company announced the plan on its official Weibo account, releasing two teaser images that confirm the updated S9 will feature a distinctive Stelato logo for the first time. The current S9 sedan and its wagon counterpart, the S9T, both display the Stelato name in English on the front grille instead of a traditional badge. See also: Huawei, BAIC’s Stelato to Invest…

Xpeng has revealed the interior of its upcoming X9 EREV (extended-range electric vehicle) seven-seater MPV, showcasing premium materials, new lighting technology, and long-range capability. The unveiling follows the model’s debut on October 23. According to the company, the X9 EREV’s cabin introduces a new “Cloud Rose Brown” color scheme accented by chrome trims and a 4.2-meter-long Ayous wood panel running across the dashboard. Xpeng said the aviation-grade reading lights are “AI-powered” to replicate natural light conditions, while the compact steering wheel measures 376 mm in diameter. See also: What We Know So Far About Xpeng X9 EREV Specifications The model…

Onvo, the mass-market sub-brand of Nio, has begun delivering the updated version of its L60 sport utility vehicle (SUV) in China following its launch in September. The updated L60 offers improvements in energy efficiency, range, smart cockpit features, and comfort, while maintaining its starting price of RMB 206,900 ($29,050) with a 60-kWh standard battery pack. Under Nio’s Battery as a Service plan, the price begins at RMB 149,900 with monthly rental fees starting at RMB 599. Onvo recently surpassed 100,000 cumulative deliveries, supported by higher production capacity. The brand’s larger L90 SUV has reached 30,000 units delivered and is expected…

China has unveiled the latest “Energy-Saving and New Energy Vehicle Technology Roadmap 3.0,” outlining an ambitious blueprint for the nation’s automotive industry through 2040. Released by the China Society of Automotive Engineers (CSAE) on October 22, the plan builds on earlier versions from 2016 and 2020, with a sharper focus on global competitiveness, intelligent manufacturing, and carbon reduction. See also: China Auto Industry Official Urges Slower Phase-Out of NEV Purchase Tax Incentives The roadmap targets an early carbon emission peak by 2028, more than a decade before China’s national target, and aims for a 60% reduction by 2040. It envisions…