CATL sees profit up in Q2, gross margin flat
CATL saw second-quarter profit rebound from the first quarter, while gross margin remained flat.
Xiaomi EV completes capacity ramp-up, expects to reach 100,000 delivery target by early Nov
Capacity ramp-up at the Xiaomi EV plant has now been completed and the full-year delivery target of 100,000 units is expected to be completed by early November, Xiaomi's CEO said.
CPCA expects China's Jul NEV retail at 860,000, penetration to rise further to 49.7%
China's passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said.
Xiaomi secures new land parcel in Beijing, possibly for EV plant phase 2
The current Xiaomi EV factory is a phase 1 project with an annual capacity of 150,000 units, and the second phase is also planned to have an annual capacity of 150,000 units.
Honda to cut gas car capacity in China, 2 EV plants to start production within this year
Honda will reduce its gasoline vehicle production capacity in China by 290,000 units and expects two new EV plants to start production in September and November, respectively.
Neta launches Neta X SUV in Malaysia and Thailand
Neta has started production at its plant in Thailand and is building a new plant in Malaysia.
Changan's NEV unit Deepal launches global model S07, starting at $20,730 in China
The Deepal S07 SUV, available in EREV and BEV variants, replaces the S7 to better align with the company's global strategy.
BYD launches 2 new Song family models with DM 5.0 hybrid system, both starting at $18,770
BYD has launched the Song L DM-i and the 2025 Song Plus DM-i, the second batch of DM 5.0-powered hybrid models after the Seal 06 DM-i and Qin L DM-i hybrid sedans.
Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank.
Nio Onvo L60 to be launched in late Sept, says Onvo president
The Onvo L60 will be available for customers to test drive on the day of its launch, and deliveries will begin about a week after it goes on sale, at the end of September, Onvo's president said.
