Author: Victor Choi

BYD reported a decline in domestic new energy vehicle (NEV) sales in December, even as overseas deliveries reached a record high, underscoring diverging trends in its global performance. The company sold 420,398 NEVs in December, down 18.34 percent from a year earlier and 12.45 percent lower than in November, according to data released on Thursday. It marked the fourth consecutive month of year-on-year declines for the automaker’s total NEV sales. See also: BYD Plans Technology Showcase in Early 2026 as It Prepares New Smart Driving Updates Despite the overall slowdown, BYD’s overseas performance continued to strengthen. Overseas NEV deliveries reached…

Li Auto is preparing a major overhaul of its product lineup as it seeks to improve competitiveness and reduce internal overlap among models, according to a report by local media outlet LatePost. The Chinese electric vehicle maker is adjusting its strategy after sales fell short of earlier expectations. Li Auto sold 360,000 vehicles in the first 11 months of the year, roughly half of its original annual target, the report said. The company is now reassessing its product positioning amid intensifying competition in China’s crowded EV market. See also: Li Auto Executive Set To Depart As Electric SUV Li i8…

Chinese electric vehicle maker Nio has reached a new milestone in Shanghai, bringing the total number of battery swap stations in the city to 200, the company said on Saturday. The latest facility, which went live on December 28, is located within a Sinopec-operated service station and forms part of Nio’s broader effort to expand its energy infrastructure in key urban markets. See also: Nio Delivers 40,000th Third-Generation ES8 as Production Ramps Up Shanghai now hosts the largest concentration of Nio’s battery swap facilities, accounting for more than 200 of the company’s total network. The eastern Chinese metropolis, home to…

Mirattery, the battery asset management arm of Chinese electric vehicle maker Nio, said it has completed an expanded Series C financing round worth nearly 1 billion yuan ($140 million), adding new state-backed investors as it scales its battery asset and services business. The company, formally known as Wuhan Weineng, said in a statement on Thursday that the latest round included additional investments from existing shareholders as well as a new state-owned enterprise from Meishan in China’s Sichuan province. The financing follows an earlier announcement in November, when Mirattery raised 670 million yuan and brought in two state-backed investors. “This round…

Chinese automaker Li Auto is set to lose another senior executive, with local media linking the departure partly to weaker-than-expected performance of its Li i8 electric SUV since launch. Zhang Xiao, president of Li Auto’s second product line, will leave the company in the near term, local outlet LatePost reported on Tuesday. Zhang oversaw several models, including the Li i8, Li L7 and Li L8. LatePost said Zhang’s departure may be connected to the underwhelming market performance of the Li i8, Li Auto’s first entry into the pure-electric SUV segment. Despite the model’s launch being delayed by a year, sales…

Taiwanese electric vehicle maker Foxtron on Thursday unveiled its first self-branded electric vehicle, the Bria, marking a step toward expanding beyond its domestic market and into overseas sales, according to local media reports. The model was introduced during Foxtron’s first online product launch event. Company chairman Li Ping-yen said the Bria reflects the company’s ambition to build globally competitive electric vehicles while remaining rooted in Taiwan’s manufacturing and technology ecosystem, Taiwan’s Central News Agency (CNA) reported. Li described the Bria as a milestone for Taiwan’s electric vehicle industry, saying it demonstrates how local expertise in electronics and artificial intelligence can…

Anji Logistics, a subsidiary of SAIC Motor and China’s largest automotive logistics provider, has taken delivery of a new ocean-going car carrier as it continues to expand its global transport capacity, the company said. The vessel, Anji Fortune, was delivered on December 22 at Jiangnan Shipyard’s Changxing base, according to Anji. The ship is the sixth newly built car carrier with a capacity of 9,500 vehicles delivered to the company this year and the eighth ocean-going carrier added to its fleet since the beginning of the year. Anji said the vessel began operations immediately after delivery. With the addition of…

Chinese automaker Geely Automobile Holdings has completed its merger with premium electric vehicle maker Zeekr Group, making Zeekr a wholly owned subsidiary and removing it from public trading. Zeekr said in a statement that, following the completion of the transaction, it will no longer operate as a publicly listed company. The group has asked the New York Stock Exchange to suspend trading of its American Depositary Shares from Dec. 22, 2025, and requested that the exchange file Form 25 with the U.S. Securities and Exchange Commission to formally delist and deregister its securities. The merger represents a major step in…

German luxury carmaker Porsche will shut down all of its self-operated electric vehicle charging facilities in China from March 2026, as part of a broader strategic realignment in the world’s largest EV market, the company confirmed on Monday. The move follows the circulation of an internal memo earlier in the day and was first reported by local media outlet Yicai. According to the memo, Porsche’s self-built charging network in China—covering around 200 charging stations—will be gradually phased out, with the company shifting toward deeper cooperation with third-party charging operators. “As market conditions evolve and user charging habits continue to change,…

China’s SAIC Motor has started deliveries of the MG4 “Anxin Edition,” marking the first time an affordable, mass-market electric car has been offered with a semi-solid-state battery, the company said. The Anxin Edition is part of the new-generation MG Motor MG4, which was unveiled in March 2025, just three years after the original MG4 Electric entered the market. The accelerated model update reflects SAIC’s efforts to strengthen MG’s position in China, where the brand has seen more limited success than in Europe, while also positioning the new MG4 as the company’s first fully “global” model for China, other Asian markets…

Nio said it has delivered 30,000 units of its third-generation ES8 sport utility vehicle, just 89 days after the model went on sale, underscoring strong demand for its high-end electric offerings in China. Nio said the milestone makes the all-new ES8 the fastest pure-electric vehicle priced above RMB 400,000 to reach 30,000 deliveries in the domestic market. The company launched the third-generation ES8 at Nio Day 2025 on Sept. 20, with customer deliveries beginning the following day. See also: Nio Launches Limited-Edition ET5 and ET5 Touring Models to Boost Sedan Demand The large, three-row electric SUV is offered in six-…

Chinese automaker BYD Automotive has applied to join the Global Intelligent Internet of Things Alliance (GIIC) and is seeking a council seat, according to a report by IT-home. The application was submitted on Dec. 17, 2025, the report said. GIIC, founded in June 2024, is an international industry organisation focused on integrating Internet of Things (IoT) technologies with the HarmonyOS ecosystem. The alliance brings together domestic and international companies, research bodies and institutions to promote standardisation and large-scale industrial adoption of HarmonyOS-based IoT solutions. See also: Huawei’s HIMA Conducts Internal Level 3 Autonomous Driving Tests in Shenzhen The alliance currently…