Author: Michael Zhang

BYD is preparing to make most of its automotive brands responsible for their own profit and loss performance, marking a significant shift away from the highly centralized operating model that helped drive the company’s rapid growth over the past decade, according to a report by Chinese media outlet LatePost. The restructuring would require individual brands to independently account for costs associated with research and development, manufacturing, and procurement, effectively moving toward a self-funding model within the broader BYD organization. Yangwang, BYD’s ultra-premium brand, is reportedly excluded from the changes for now. Brands to Bear Their Own Costs Under the proposed…

Volvo Cars is recalling 2,501 EX30 electric SUVs in China due to a potential battery defect that could increase the risk of thermal runaway, according to a notice issued by China’s State Administration for Market Regulation (SAMR). The recall, filed by Zhejiang Haoqing Automobile Manufacturing Co., takes effect immediately and covers vehicles produced between April 12 and December 27, 2024. Battery Defect May Cause Internal Short Circuit According to the recall notice, a production deviation may lead to lithium growth inside battery cells, potentially causing an internal short circuit. Affected vehicles may display warnings indicating that the high-voltage battery is…

Chinese electric vehicle manufacturer Leapmotor said its cumulative global deliveries have exceeded 1.5 million units, highlighting the company’s rapid growth as it expands both domestically and internationally. The milestone comes just eight months after the automaker surpassed 1 million cumulative deliveries in October 2025, reflecting an accelerating pace of vehicle sales. Delivery Growth Continues to Accelerate Leapmotor delivered its first vehicle in June 2019. According to the company, it took 64 months to reach 500,000 cumulative deliveries. The next 500,000 units were achieved in just 12 months, while the increase from 1 million to 1.5 million vehicles took only eight…

Arcfox, the electric vehicle brand under Beijing Automotive Group (BAIC Group), has officially launched the upgraded Beta T1 compact electric vehicle in China, aiming to strengthen its position in the highly competitive affordable EV segment. The new model, unveiled on June 16, succeeds the Arcfox T1 introduced in September 2025 and arrives with improved driving range, additional technology features and a lower ownership cost package designed to attract budget-conscious consumers. Three variants priced below 80,000 yuan The Arcfox Beta T1 is available in three variants with limited-time subsidized pricing ranging from 62,800 yuan ($9,290) to 78,800 yuan. The entry-level Beta…

Zhejiang Geely Holding Group Chairman Eric Li, also known as Li Shufu, said the company will continue consolidating its operations through closures, mergers, suspensions and restructuring initiatives as it seeks to strengthen its core automotive business and improve operational efficiency. Li outlined the strategy during a video address at the 2026 China Auto Chongqing Summit, reaffirming Geely’s commitment to the strategic framework known as the “Taizhou Declaration.” Geely to streamline corporate structure According to Li, Geely plans to further simplify the relationship between Geely Automobile Group Co. and its Hong Kong-listed vehicle manufacturing arm, Geely Auto. The company intends to…

BYD remained China’s largest new energy vehicle (NEV) manufacturer in May, while Tesla returned to the country’s top 10 NEV sales rankings following a sharp recovery in retail demand, according to data released by the China Passenger Car Association (CPCA). BYD recorded retail sales of 207,372 passenger NEVs in China during May, giving the company a market share of 21.8% and allowing it to maintain its position as the country’s leading NEV brand. The automaker’s sales increased 13.9% from April, although they were 29.2% lower than the same month a year earlier. Geely Holds Second Place Geely Auto remained the…

Leapmotor founder and chairman Zhu Jiangming has increased his stake in the Chinese electric vehicle manufacturer once again, purchasing nearly HK$490 million ($62.5 million) worth of shares alongside a concerted party, underscoring management’s confidence in the company’s long-term growth prospects. According to a filing with the Hong Kong Stock Exchange, Zhu and concerted party Fu Liquan recently acquired a combined 11.62 million H shares of Leapmotor in open-market transactions at an average price of approximately HK$41.99 per share. Stake Increase Lifts Ownership to Nearly 25% Following the latest purchase, the shareholder group led by Zhu now controls approximately 24.71% of…

Avatr delivered 7,336 vehicles in May as the premium electric vehicle brand continued to expand its intelligent driving capabilities through its partnership with Huawei. The company is preparing to introduce the Avatr 07L, which recently appeared in filings with China’s Ministry of Industry and Information Technology (MIIT). According to Avatr, the model will be among the first vehicles equipped with Huawei’s next-generation Qiankun Smart Driving ADS 5 system. Avatr 07L to Debut ADS 5 Technology The upcoming Avatr 07L represents the latest step in the company’s strategy to differentiate itself through advanced intelligent driving technologies. Huawei’s Qiankun ADS platform has…

GWM reported a slight decline in vehicle sales in May as strong growth in overseas markets helped offset continued weakness in China, where intense competition continues to weigh on demand. The automaker sold 100,399 vehicles in May, down 1.8% from a year earlier and 5.6% lower than in April, according to figures released by the company. Despite the monthly decline, GWM’s cumulative sales for the first five months of the year rose 3.6% year-on-year to 475,815 vehicles. Exports Remain Key Growth Driver International markets continued to underpin GWM’s performance. The company sold 50,688 vehicles overseas in May, an increase of…

Nio reported its highest monthly vehicle deliveries of 2026 in May, driven by growth across its Nio, Onvo and Firefly brands as the Chinese electric vehicle manufacturer continued to broaden its presence in the domestic market. Nio delivered 37,705 vehicles in May, up 62.3% from a year earlier and 28.4% higher than in April. Deliveries from January through May reached 150,526 units, representing a 68.7% increase from the same period last year. Nio Brand Remains Largest Contributor The company’s core Nio brand delivered 20,013 vehicles in May, an increase of 50.8% year-on-year, maintaining its position as the group’s largest sales…

Li Auto has completed a new round of organizational restructuring as the Chinese electric vehicle manufacturer continues efforts to expand its artificial intelligence capabilities and develop embodied AI technologies. According to a report by Chinese media outlet LatePost, the company implemented the changes on May 29, creating three new second-tier departments focused on embodied engineering, embodied interaction and embodied behavior. The move forms part of Li Auto’s broader strategy to expand beyond automotive manufacturing and strengthen its position in AI-related technologies. New Embodied AI Structure Under the latest restructuring, the newly established embodied AI departments will operate alongside an independent…

Xiaomi has introduced a new flagship performance version of its Xiaomi YU7 GT electric SUV, with the company claiming the model set a new SUV lap record at the Nürburgring circuit. According to Xiaomi, the YU7 GT completed the Nürburgring lap in 7 minutes and 22.755 seconds, surpassing the previous SUV benchmark reportedly held by the Audi RSQ8 by around 14 seconds. The company said the model was developed with significant input from engineers at Xiaomi EV’s European research and development centre in Munich, where the vehicle reportedly underwent two years of chassis and performance tuning. https://www.youtube.com/watch?v=9zdPCUCaMlI The YU7 GT…