Author: Kevin Zhao

China has taken another step toward commercializing sodium-ion battery technology after Hina Battery delivered what it describes as the world’s first all-electric mining truck powered by sodium-ion batteries. The vehicle, jointly developed by Hina Battery and Shaanxi Tonly Heavy Industries, was delivered in July to Sanyou Mining, a subsidiary of Tangshan-based Sanyou Group, marking the technology’s entry into heavy-duty mining equipment. Sodium-Ion Powers Heavy-Duty Mining The electric mining truck is built on Tonly’s 120E series platform and is equipped with Hina Battery’s proprietary Haixing battery system, providing a total energy capacity of 676kWh. Hina Battery introduced the Haixing battery platform…

Honda Motor Co. and GAC Group have agreed to extend the term of their GAC Honda joint venture through 2038, maintaining their existing ownership structure as the partnership adapts to changes in China’s automotive market. Honda China announced the agreement on Monday, confirming that both companies will continue to hold equal 50% stakes in the venture. Partnership Extended for Another Decade Established in July 1998, GAC Honda was Honda’s first joint venture in China and is responsible for vehicle production and sales in the country. https://evmagz.com/honda-adopts-buhler-megacasting-technology-for-u-s-ev-production/ The company said the joint venture has sold more than 11 million vehicles since…

Leapmotor has launched refreshed versions of its B01 sedan and B10 sport utility vehicle (SUV), updating two of its mass-market battery electric vehicle (BEV) models with revised specifications, faster charging technology and additional intelligent driving features. The refreshed B01 is priced from 95,800 yuan (US$13,400) to 119,800 yuan, while the updated B10 ranges from 99,800 yuan to 125,800 yuan. Both models are available in five variants, including two equipped with LiDAR. The B01’s entry price is 6,000 yuan higher than the version launched in 2025, while the B10 retains its previous starting price of 99,800 yuan. Updated Battery and Charging…

Former Hungarian Foreign Minister Peter Szijjarto has left parliament to join BYD, taking on an international executive role as the Chinese new energy vehicle (NEV) maker accelerates its expansion across Europe. Szijjarto announced on Facebook that he has accepted a position at BYD, where he will oversee the company’s external relations and the development of new business lines. He described BYD as one of the automotive industry’s biggest success stories over the past two decades and the world’s leading NEV manufacturer. His appointment comes as BYD pushes ahead with its European localization strategy, including the construction of its first passenger…

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…

Nio said it has delivered the 70,000th unit of its third-generation ES8, underscoring continued demand for the flagship electric SUV despite ongoing supply chain challenges. The milestone delivery took place in Wenzhou, Zhejiang province, less than a month after the model surpassed 60,000 cumulative deliveries on February 1. Nio said the ES8 recorded retail sales of 17,645 units in January, ranking as China’s best-selling large SUV and the top-selling model priced above 400,000 yuan for two consecutive months. See also: Nio and Bosch Sign Strategic Partnership During Merz China Visit The ES8, which starts at 406,800 yuan ($58,340), is positioned…

Volkswagen will become the first commercial customer for Xpeng’s second-generation Vision-Language-Action (VLA 2.0) intelligent driving system, signalling a deepening of the German automaker’s partnership with the Chinese electric vehicle maker into core artificial intelligence software. Xpeng Chairman and Chief Executive He Xiaopeng disclosed the arrangement in an internal memo dated Feb. 24, according to Chinese automotive outlet CnEVPost. The companies began cooperating in July 2023, when Volkswagen announced a $700 million investment in Xpeng and plans to jointly develop electric vehicles for the Chinese market. See also: Xpeng Reveals Interior of GX Flagship SUV Ahead of Market Launch “For a…

Xiaomi has no plans to bring its electric vehicle business to the United States, founder and chief executive Lei Jun said, following reports that one of the company’s electric SUVs had been spotted driving on a U.S. highway. “We currently have no immediate plans to enter the US market. I suspect this YU7 was purchased by a US peer or supplier for benchmarking purposes,” Lei wrote in a post on the Chinese social media platform Weibo. See also: Xiaomi EV Winds Down Dedicated Sales Team for SU7 Ultra as Demand Slows Lei’s comments were in response to a report by…

China’s BYD said it has developed sodium-ion battery products with a cycle life of up to 10,000, signaling progress in an alternative battery chemistry as the company continues to diversify beyond lithium-based technologies. The disclosure was made during an investor briefing, according to meeting minutes released late Sunday. BYD said the timing of mass production for the sodium-ion batteries has yet to be determined and will depend on market conditions and customer demand. See also: BYD Previews Song Ultra EV as New B-Class Electric SUV in Song Lineup Mainstream lithium iron phosphate (LFP) batteries used in electric vehicles typically offer…