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Tesla drops 7-year car loans in China as banks tighten auto credit
1+ hour, 29+ min ago (388+ words) Tesla has adjusted its auto financing incentives in the Chinese market, dropping the seven-year low-interest loan from its May purchasing policies as banks tighten auto credit. Consumers buying designated models before May 31 can now only choose up to a five-year…...
Nio shares surge over 7% in Hong Kong after Onvo L80 debut and pre-sales launch
3+ hour, 22+ min ago (474+ words) Shares of Nio Inc surged more than 7% in early Hong Kong trading on Wednesday, following the debut and pre-sales launch of its sub-brand Onvo's latest L80 SUV (sport utility vehicle). The strong rally followed a positive performance of the company's American…...
BYD Q1 profit plunges 55% on early-year slow season in China
18+ hour, 43+ min ago (562+ words) BYD saw a sharp decline in its first-quarter net profit, reflecting a severe impact on automakers' profitability as China's new energy vehicle (NEV) market entered its slow season at the beginning of the year. The Chinese NEV giant's net profit…...
Geely Galaxy M7 hybrid SUV hits market with aggressive pricing and long range
15+ hour, 2+ min ago (329+ words) Geely Auto's sub-brand Geely Galaxy officially launched the new M7 compact plug-in hybrid SUV on Tuesday, targeting budget-sensitive buyers with aggressive pricing and a long range. The new car has a limited-time starting price of 109, 800 yuan ($16, 060), while its official suggested retail…...
Nio Onvo L80 5-seat SUV opens pre-sales below L90 price, set for May 15 launch
15+ hour, 29+ min ago (564+ words) Nio Inc sub-brand Onvo is expanding its product lineup with a new model, opening pre-sales for the Onvo L80 large five-seat SUV ahead of its official launch on May 15. Nio founder, chairman and CEO William Li detailed the technical specifications of…...
BYD's iconic Han EV gets major upgrade with second-gen Blade Battery and flash charging
16+ hour, 42+ min ago (362+ words) BYD has launched the Han EV flash charging edition, upgrading its flagship sedan with the second-generation Blade Battery and flash charging technology. The Han EV flash charging edition hit the market on Tuesday with a starting price of 179, 800 yuan ($26, 290). The…...
China delivers world's largest car carrier with 10, 800-vehicle capacity
22+ hour, 8+ min ago (276+ words) Home " EV Industry China delivered the world's largest car carrier, as its shipbuilding industry rises in tandem with the rapid boom of electric vehicles (EVs). State-owned Guangzhou Shipyard International Company Limited (GSI) delivered the car carrier, which has a maximum…...
BYD raises price for smart driving system amid hardware cost surge
21+ hour, 4+ min ago (317+ words) BYD announced an increase in the smart driving system option fee for some of its models in response to a significant rise in global storage hardware costs. Starting May 1, the price to equip the Li DAR-based God's Eye B driver…...
Chinese vacuum maker Dreame debuts rocket-boosted electric supercar in US
1+ day, 1+ min ago (413+ words) Home " EV Industry Dreame Technology, a Chinese brand known for its robot vacuum cleaners, showcased an ultra-high-performance electric supercar in the US as it courts an international audience. The company held a launch event in San Francisco on Monday local…...
Hyundai's China survival plan hinges on 20 new electrified models
1+ day, 1+ hour ago (409+ words) Home " Korean Auto Hyundai is attempting to claw back lost market share in the world's largest electric vehicle (EV) market with an aggressive localized product roadmap. The South Korean automaker announced at the 2026 Beijing Auto Show that it will make…...