Lei Kang
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China NEV retail sales rise 7% to 1.387 million units in Dec, preliminary CPCA data shows
NEV retail penetration in China reached 60.4% in December, surpassing the 60% mark for the first time.
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Hesai selected as Nvidia's LiDAR partner; plans to double production capacity to 4 million units in 2026
Hesai will support Nvidia's Drive Hyperion 10 in achieving L4 fleet deployment.
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Global EV battery market share in Jan-Nov 2025: CATL 38.2%, BYD 16.7%
CATL and BYD collectively installed 575.2 GWh of EV batteries from January to November 2025, accounting for 54.9% of the global total.
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BYD to add long-range variants to 4 affordable hybrid models
BYD will roll out longer range versions for the Qin Plus DM-i, Qin L DM-i, Seal 05 DM-i, and Seal 06 DM-i, with battery ranges exceeding 210 km.
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Tesla offers 7-year low-interest financing as China begins to collect purchase tax on EVs
Tesla has begun offering ultra-long-term low-interest financing for its EVs in China to offset the impact of the newly implemented purchase tax.
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Tesla makes minor updates to Model Y in China, prices unchanged
The five-seat Model Y's center display has been upgraded from the previous 15.4-inch 1080P panel to the 16-inch 2K resolution screen used in the six-seat Model Y L.
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China NEV wholesale sales up 4% to 1.57 million in Dec, CPCA estimates show
Cumulative wholesale sales of passenger NEVs reached 15.33 million units in 2025, marking a 25% year-on-year increase.
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FAW Hongqi rolls out 1st prototype car equipped with solid-state batteries
Hongqi's first full solid-state battery pack has been installed in the Hongqi Tiangong 06 prototype vehicle.
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Xpeng to launch updated P7+ and G7 in China on Jan 8, Europe to follow on Jan 9
The current P7+ and G7 models are only available as BEVs, but both will soon receive EREV variants as Xpeng advances its "dual- powertrain" strategy.
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BYD Dec sales breakdown: Qin 60,667 units, Song 55,169
For the full year 2025, the Song series sold 788,003 units, making it BYD's best-selling model.









