News
Chinese regulators summon automakers over suspected 'irrational competition"
17+ hour, 26+ min ago (343+ words) Two Chinese regulators on Thursday summoned and warned automakers suspected of engaging in irrational competition, the latest move by authorities to rein in a protracted price war in the auto industry. The Ministry of Industry and Information Technology (MIIT) and…...
CATL enters nuclear fusion race with investment in startup Beta Fusion
19+ hour, 2+ min ago (508+ words) CATL (HKEX: 3750), the world's largest power battery maker, has led a seed funding round in nuclear fusion startup Beta Fusion, marking the battery giant's first foray into the nuclear fusion field. Chinese media outlet China Star Market reported the deal…...
Top battery makers' shares in China in May: CATL 46. 14%, BYD 16. 56%
23+ hour, 7+ min ago (448+ words) CATL (HKEX: 3750) maintained its dominance in China's electric vehicle (EV) battery market last month, while South Korea's LG Energy Solution staged a strong comeback in the ternary battery segment. CATL's power battery installations in May were 33. 08 GWh, ranking first in…...
Geely begins local production of hot-selling EX2 electric hatchback in Brazil
21+ hour, 41+ min ago (482+ words) Geely Auto (HKEX: 0175) has started local mass production in Brazil of its best-selling small electric hatchback, the Geely EX2 " known as the Xingyuan in China " to meet demand for the model in Latin America's largest auto market. Renault Geely do Brasil,…...
China's May EV battery installations jump 26%, extending growth streak
23+ hour, 51+ min ago (540+ words) China's EV battery installations extended their growth momentum last month, expanding for a second consecutive month at a notably faster pace than in April. EV battery installations totaled 71. 9 GWh in May, up 25. 9% year-on-year and 15. 2% higher than in April, according to…...
BYD Fang Cheng Bao files first sedan Formula S series ahead of Q3 launch
1+ day, 1+ hour ago (518+ words) The first sedan series from Fang Cheng Bao, the personalized brand under BYD (HKEX: 1211) " the Formula S series " has appeared in the latest batch of new vehicle filings, paving the way for its launch in the third quarter. The latest…...
Geely's Starship 7 EV hits market at under $15, 000 in latest push into budget electric SUV segment
1+ day, 3+ hour ago (425+ words) Geely Galaxy, a brand under Geely Auto (HKEX: 0175), officially launched the Starship 7 EV on Wednesday, stepping up its push into the mass-market electric vehicle segment with an aggressive pricing strategy. The compact electric sport utility vehicle (SUV) is available in…...
China's NEV retail sales fall 14% in first week of June as penetration climbs to 66. 7%
1+ day, 4+ hour ago (615+ words) China's new energy vehicle (NEV) retail sales fell 14% year-on-year in the first week of June, but NEV retail penetration climbed to 66. 7%, underscoring that the shift to electrification continues to accelerate even as the broader auto market undergoes a deep adjustment....
Li Auto's i8 SUV gets single-motor variant in filing, hinting at lower price
1+ day, 15+ hour ago (588+ words) Li Auto's (NASDAQ: LI) updated Li i8 has entered a regulatory filing catalog, adding a single-motor version for the first time, meaning the all-electric SUV's (sport utility vehicle) price could go further down. The updated Li i8 appeared in the latest batch of…...
BYD Denza Z electric sports car appears in regulatory filing with top speed of 350 km/h
1+ day, 15+ hour ago (506+ words) The Denza Z, the first all-electric two-door sports car from BYD's (HKEX: 1211) premium brand Denza, has appeared in the latest batch of new vehicle filings with China's Ministry of Industry and Information Technology (MIIT), meaning the model is one step…...