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Leapmotor to launch updated C10 SUV on May 15

Leapmotor began pre-sales of the updated C10 at the end of last month at a starting price of RMB 129,800 ($17,900). The C10 delivered 12,255 units in March, contributing 33 percent of Leapmotor’s monthly deliveries. (Image credit: Leapmotor) Leapmotor (HKG: 9863) will officially launch the facelifted C10 SUV (sport utility vehicle) on May 15, after starting pre-sales of the model late last…

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CATL launches Tener Stack energy storage system with massive 9 MWh capacity

Tener Stack is capable of charging around 150 EVs or powering an average home for six years. It is the world’s first production-ready 9 MWh ultra-high-capacity energy storage system solution. (Image credit: CATL) CATL (SHE: 300750) has rolled out a new energy storage system called Tener Stack in a bid to consolidate its position in the sector. The Chinese battery giant launched the Tener Stack…

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BYD aims for half of its sales to come from outside China by 2030, report says

BYD now believes it has the right products to replicate its success in China in overseas markets, according to Reuters. This growth will be driven by expansion in Europe and Latin America. BYD (HKG: 1211, OTCMKTS: BYDDY) plans to sell half of its cars in overseas markets by 2030, a sharp increase that would put it on par with the world’s biggest carmakers, Reuters said in a report today citing…

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BYD launches hybrid Sealion 07 DM-i, starts at $23,460

The Sealion 07 DM-i is a sister model to the all-electric Sealion 07 EV and the fourth model in BYD’s Sealion family. The Sealion family sold 26,220 units in April, up 44.66 percent from 18,125 in March. (BYD Sealion 07 DM-i. Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has launched the Sealion 07 DM-i hybrid SUV (sport utility vehicle), a sister model to the all-electric Sealion 07…

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Hyundai's China JV debuts Elexio all-electric SUV in comeback effort

Beijing Hyundai has completed the debut of the Elexio, saying it aims to launch a comeback bid for joint venture automakers in China. This year could be an important one for joint ventures in China to launch comeback efforts in the EV market. (Hyundai Elexio. Image credit: Beijing Hyundai) South Korean carmaker Hyundai Motor’s joint venture in China has debuted the Elexio, an all-electric SUV…

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BYD withdraws plans to build lithium plant in Chile as lithium prices plunge

BYD and Tsingshan are backing out of multimillion-dollar plans to build lithium cathode plants in Chile, according to Reuters. Both projects have been hit by plummeting lithium prices. A prolonged drop in lithium prices has forced BYD (HKG: 1211, OTCMKTS: BYDDY) to withdraw plans to invest in Chile, the world’s second-largest lithium producer. BYD and Chinese metals group Tsingshan are backing…

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Avatr launches updated Avatr 12 sedan amid drag coefficient doubts

Avatr starts offering EREV variants of the Avatr 12 at a starting price of RMB 269,900 ($37,360). A recent video has raised questions about the drag coefficient of the Avatr 12. (2025 Avatr 12. Image credit: Avatr) Avatr Technology, an electric vehicle (EV) maker backed by Changan Automobile, CATL, and Huawei, has launched the updated Avatr 12 just as the sedan’s drag coefficient is being…

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Xpeng mulls flying car unit IPO in HK or US, report says

Xpeng has invited banks to pitch for a role in an IPO that could take place in Hong Kong or the US, according to Bloomberg. Xpeng Aeroht’s last financing was a $150 million series B1 round in August 2024. (Xpeng Aeroht’s modular flying car on display at the April 2025 Shanghai auto show. Image credit: CnEVPost) Xpeng (NYSE: XPEV) is considering an initial public offering (IPO) for its flying car…

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BREAKING: Geely proposes to privatize Zeekr

This article is being updated, please refresh later for more content. The proposed purchase price is $25.66 per Zeekr ADS, a premium of 13.6 percent from the last trading day. Geely Auto announced today that it submitted a non-binding offer letter to Zeekr (NYSE: ZK) on May 7 proposing to take the company private. Geely is proposing to acquire all issued and outstanding Zeekr shares and American…

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Uber reportedly to invest extra $100 million in WeRide

This article is being updated, please refresh later for more content. The investment, which will be closed in the coming months, will be Uber’s largest investment in the autonomous driving space to date. US ride-hailing giant Uber Technologies (NYSE: UBER) has pledged an additional $100 million equity investment in Chinese autonomous driving tech firm WeRide (NASDAQ: WRD), on top of its existing…

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China EV insurance registrations for week ending May 4: Nio 3,470, Tesla 7,290, BYD 59,310

This article is being updated, please refresh later for more content. Nio Inc had 5,100 insurance registrations in China last week, including 1,280 for Onvo and 350 for Firefly. Vehicle deliveries were negatively impacted by the May 1-5 Labor Day holiday in China. Major electric vehicle (EV) makers generally saw a dip in insurance registrations in China last week, as deliveries are typically…

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Avatr invites Tesla's Elon Musk to witness wind tunnel test after video raises doubts about its sedan's drag coefficient

Avatr said Elon Musk shared inaccurate information and invited the Tesla CEO to witness a wind tunnel test of the Avatr 12. This comes after a video raised skepticism about the Avatr 12’s drag coefficient. (An Avatr 12 on display at the June 2024 Shanghai new energy vehicle show. Image credit: CnEVPost) Avatr Technology has invited Elon Musk to witness its wind tunnel tests after a video…

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Nio Onvo clears hurdle holding back car owners from changing BaaS plan

This is one of Onvo’s latest efforts to optimize the car using experience following a change in its management. Onvo has virtually exempted L60 owners under a BaaS plan from an additional cost associated with changing the plan. (An Onvo L60 on display at the April 2025 Shanghai auto show. Image credit: CnEVPost) Onvo, a sub-brand of Nio (NYSE: NIO), has virtually eliminated an additional cost…

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Pony AI, Uber tie up to deploy robotaxis in international markets

The partnership is expected to first launch in a key market in the Middle East later this year. Pony AI is the third Chinese company to announce a partnership or deepening of a partnership with Uber in the past few days. (Image credit: Pony AI) Pony AI (NASDAQ: PONY) has entered into a partnership with Uber Technologies (NYSE: UBER) on robotaxi services, becoming the latest Chinese autonomous…

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Xpeng to report Q1 2025 earnings on May 21

Xpeng delivered 94,008 vehicles in the first quarter, exceeding the upper end of its guidance range. In the January-April period, Xpeng delivered 129,053 vehicles, up 313.45 percent year-on-year. Xpeng (NYSE: XPEV) announced today that it will report unaudited financial results for the first quarter of 2025 on Wednesday, May 21, prior to the opening of the US markets. The company’s management…

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Leapmotor says it secured over 18,000 orders during 5-day Labor Day holiday

On May 5, Leapmotor booked over 3,700 orders in a single day, with the C11 SUV contributing 1,099 units. Leapmotor delivered 41,039 vehicles in April, its second highest ever. (A Leapmotor C11 on display at the April 2025 Shanghai auto show. Image credit: CnEVPost) Leapmotor (HKG: 9863) has announced its order intake for the just-past Labor Day holiday, showcasing strong numbers. Between May 1…

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CATL seeks $1 billion loan for Indonesia plant expansion, report says

CATL’s joint venture in Indonesia plans to build a battery cell plant with an annual capacity of 15 GWh. The plant is expected to be commercially operational by 2027. (File photo shows the CATL logo. Image credit: CnEVPost) CATL (SHE: 300750) is seeking a loan of about $1 billion for investments in Indonesia, Bloomberg said in a report today, citing people familiar with the matter. The loan,…