Author: Kevin Zhao
Kevin Zhao
Kevin Zhao reports on China’s electric vehicle market with an emphasis on company activity, sales trends, and infrastructure growth. His work supports broader coverage of how China’s EV industry is evolving amid domestic and global shifts.
Chinese automaker Seres expects to post a net loss for the first half of 2026, reversing from a profit a year earlier as higher production costs and asset-related adjustments weighed on financial performance. In a filing with the Shanghai Stock Exchange on Sunday, the company said it expects a net loss attributable to shareholders of between 1.5 billion yuan ($220 million) and 1.8 billion yuan for the January-June period, compared with a net profit of 2.94 billion yuan in the first half of 2025. Net loss excluding non-recurring items is projected at between 2.2 billion yuan and 2.5 billion yuan,…
Nio has launched a new five-seat version of its flagship ES8 sport utility vehicle (SUV), expanding the model lineup with a lower-priced variant designed to appeal to a broader range of customers. The electric vehicle maker unveiled the model at an event on Thursday, with customer deliveries scheduled to begin on July 10. The five-seat ES8 is available in two trims. The Executive Luxury version starts at 382,800 yuan with battery purchase included, or 274,800 yuan under Nio’s Battery as a Service (BaaS) subscription program. The Executive Signature version is priced from 422,800 yuan, or 314,800 yuan with the BaaS…
Momenta shares rose in their Hong Kong Stock Exchange trading debut on Wednesday after the Chinese autonomous driving technology company completed a HK$6.8 billion (US$867 million) initial public offering. The stock opened at HK$301, up 1.8% from its offer price of HK$295.60, giving the company a market capitalization of approximately HK$70.9 billion. During early trading, the shares rose further to HK$313, valuing the company at about HK$73.6 billion. IPO Attracts Strong Institutional Demand Including the potential exercise of the over-allotment option, Momenta offered approximately 22.93 million shares in its global offering, raising about HK$6.8 billion. According to the company, the…
GWM has officially unveiled the H10, its new flagship large sport utility vehicle (SUV), marking the debut of the model built on the company’s latest Global One platform. The plug-in hybrid SUV was introduced on Thursday and is aimed at families seeking a vehicle capable of both urban driving and light off-road use. Unified Global Strategy The H10 is the first GWM model to use the same name in both domestic and international markets, reflecting the company’s strategy to streamline branding and strengthen global operations. Its exterior design draws inspiration from the traditional Chinese fangding, a square ceremonial bronze vessel,…
Leapmotor has officially launched updated versions of its C10, C11 and C16 sport utility vehicles, strengthening its core product lineup as the Chinese electric vehicle maker pursues ambitious growth targets in 2026. The three refreshed models, available in both battery-electric vehicle (BEV) and extended-range electric vehicle (EREV) configurations, feature longer driving range, faster charging capabilities and upgraded intelligent driving technologies. Prices start at 125,800 yuan ($18,620). Core SUV lineup receives major upgrade The updated C10 is offered in four variants priced between 125,800 yuan and 142,800 yuan. While the entry price is slightly higher than the previous generation’s 122,800 yuan,…
Geely Auto’s sub-brand Geely Galaxy has previewed the upcoming A7 EV sedan, expanding its presence in the battery electric vehicle (BEV) segment as it looks to strengthen competitiveness in China’s mid-size market. The company released official images of the model, describing its design as a potential benchmark for mid-size electric family sedans. The A7 EV is expected to launch later this month. According to regulatory data, the sedan measures 4,935 mm in length, 1,905 mm in width and 1,500 mm in height, with a wheelbase of 2,845 mm. Compared with the plug-in hybrid version of the A7 introduced in August…
Chinese electric vehicle manufacturer Li Auto reported March deliveries of 41,053 vehicles, representing a 12% increase year-on-year and a 55.38% rise from February, signaling a recovery in sales momentum. In the first quarter, the company delivered 95,142 vehicles, up 2.45% from a year earlier but down 12.87% compared with the fourth quarter of 2025. The quarterly total exceeded the upper end of Li Auto’s previous guidance range of 85,000 to 90,000 units. The company said monthly deliveries of its Li i6 electric SUV surpassed 24,000 units in March after production bottlenecks were resolved, providing initial support for its target of…
Li Auto has set a target of 20% year-on-year sales growth for 2026, as it seeks to recover from a decline in deliveries and mounting competitive pressures in China’s electric vehicle market. Founder, Chairman and CEO Li Xiang announced the target during an earnings call on Thursday, signaling a push to restore momentum following a challenging 2025. “New strategies will help the company resume growth,” Li said. See also: Li Auto Returns to Modest Profit in Fourth Quarter Amid Sales Decline and EV Transition Challenges The automaker delivered 406,343 vehicles in 2025, down 18.81% from the previous year. The 2026…
Leapmotor reported its first full-year profit in 2025, supported by strong delivery growth and rising margins, marking a milestone for the Stellantis-backed electric vehicle maker. The company posted a net income of 540 million yuan ($78.3 million) for the year, becoming the second Chinese EV startup after Li Auto to achieve annual profitability, according to its financial report released on Monday. Revenue surged 101.3% year-on-year to a record 64.73 billion yuan. See also: Stellantis Confirms Leapmotor B10 Production in Spain Starting 2026 Leapmotor’s gross margin rose to 14.5% in 2025, up 6.1 percentage points from the previous year, reaching a…
Nio reported its first quarterly profit since the company was founded, driven by record vehicle deliveries and improved margins in the final quarter of 2025. For the three months ended December 31, Nio recorded operating profit of 807.3 million yuan ($115.4 million), compared with an operating loss of 6.03 billion yuan during the same period in 2024, according to the company’s financial results released on Tuesday. On a non-GAAP basis, excluding stock-based compensation, adjusted operating profit reached 1.25 billion yuan ($178.9 million) in the fourth quarter of 2025. The figure exceeded the upper end of the company’s earlier guidance range…
Chinese electric vehicle manufacturer BYD has introduced flash-charging versions of two SUVs under its personalized sub-brand Fang Cheng Bao, expanding the rollout of its latest battery and charging technologies. The company unveiled the flash-charging editions of the Tai 3 and Tai 7 electric SUVs at a technology event on Thursday, with additional product details expected to be released at a dedicated launch event on March 13. See also: Denza Launches Z9GT With Record 1,036 km Electric Range Both models incorporate BYD’s second-generation blade battery and a new flash-charging system capable of delivering up to 1,500 kW of charging power. According…
Nio is preparing adjustments to its European operations that could see several markets move from a direct-sales model to a distributor-based approach as the Chinese electric vehicle manufacturer seeks a more asset-light expansion strategy. People familiar with the matter told CnEVPost that the company is considering transitioning its operations in Germany, Netherlands and Sweden to a distributor model, while retaining direct sales in Norway, a market known for having one of the highest electric vehicle adoption rates globally. The potential change comes as Nio reorganizes its global business structure. According to an internal memo issued before the 2026 Chinese New…