China EV
China’s electric vehicle market, brands and product strategy.
42HOW Auto Survey: ONVO L60 Reservations, Buyer Profiles and Competitor Comparisons
A 42HOW Auto survey of 125 potential buyers reveals that 14.7% have already reserved the ONVO L60, with Li L6 emerging as an unexpected primary competitor despite its plug-in hybrid powertrain.
XPENG Unveils AI Driving Upgrades and Q1 Results; LEVC L380 MPV Opens Pre-orders
XPENG announced its new AI Tianji system and detailed autonomous driving roadmap alongside a strong first-quarter financial report, while LEVC launched pre-orders for its L380 electric MPV.
PHEVs Rise: MPV Market Dynamics Shift
Buick has launched the GL8 Lu Zun PHEV, its first plug-in hybrid MPV, joining a rapidly growing segment dominated by Chinese brands like VOYAH. As domestic new-energy MPV sales surge, the arrival of this legacy model intensifies competition in a market where plug-in hybrids now account for nearly 70% of new-energy MPV sales.
NIO Launches ONVO L60, Zhiji L6 Goes on Sale, Stellantis-Leapmotor JV Established
NIO's sub-brand ONVO unveiled the L60 SUV targeting Tesla Model Y, while SAIC's Zhiji launched the L6 sedan. Meanwhile, the Stellantis and Leapmotor joint venture officially commenced operations in Amsterdam.
SAIC MAXUS Launches Plug-in Hybrid MPVs as China's Market Shifts to New Energy
At the Beijing Auto Show, SAIC MAXUS unveiled its Dajia 9 and Dajia 7 plug-in hybrid models, joining a broader industry trend where traditional fuel-powered MPVs are being replaced by new energy vehicles.
ONVO L60 Takes on Tesla Model Y: Has William Li Finally Flipped the Table?
NIO unveiled its second brand, ONVO, and the ONVO L60 with a starting pre-sale price of RMB 219,900, positioning the vehicle to compete directly with Tesla's Model Y in the competitive 200,000–300,000 RMB segment.
ONVO Launch Date Set for May 15; Zeekr Surges 34.57% on Listing Day; Xingjiyuan ET Debuts Globally | E-Week Highlights
NIO celebrated its 500,000th production vehicle and announced that its second brand, ONVO, will launch on May 15. Meanwhile, Zeekr shares jumped 34.57% on their New York Stock Exchange debut, raising USD 441 million.
Margins Keep Sliding, but Tesla Is Playing for the Future
Tesla reported a 9% drop in first-quarter revenue to USD 21.3 billion and an 18% decline in gross profit, driven by falling vehicle prices and deliveries. The company is countering the slump with aggressive price cuts, FSD subscription reductions, and a pivot toward autonomous driving and energy storage growth.
Li Auto Cuts Prices on L Series and MEGA by Up to RMB 30,000
Li Auto has implemented its largest-ever price adjustment, lowering prices for the Li L7, L8, L9, and MEGA models to respond to intensifying market competition and address challenges following the MEGA's launch.
7:13How Xiaomi Manufactures the SU7
An inside look at the production process and manufacturing technologies behind Xiaomi's first electric vehicle, the SU7.
Xiaomi SU7 Deliveries Begin as Tesla Posts First Quarterly Delivery Decline in Four Years
Xiaomi has started delivering the SU7 to customers, with wait times extending beyond six months. Meanwhile, Tesla reported an 8.3% year-over-year drop in Q1 deliveries, marking its first quarterly decline since 2020.
GWM’s Four-Year Localization Strategy in Thailand
Four years after acquiring General Motors’ Rayong plant, GWM has established local manufacturing, R&D, and sales networks in Thailand, launching its first hybrid pickup and achieving top SUV sales with the HAVAL H6.