Lei Kang

Only about 2 months ago on April 13, Buick launched the Electra E5 SUV -- its first model based on GM's Ultium platform -- in China.

From June 1 to June 11, retail sales of all passenger vehicles in China were 425,000 units, down 10 percent year-on-year and down 25 percent from the same period last month.

The Denza N7 will hit the market later this month, with deliveries set to begin in July, targeting a market in the RMB 400,000 range.

Voyah will raise a Series B round next and has plans for an initial public offering, its CFO said.

The deal accounts for over half of the more than $10 billion in investments signed on the first day of the Arab-China business conference in Riyadh on Sunday.

There were rumors over the weekend that Tesla FSD would be running in Shanghai on a pilot basis, but this was denied.

Many visitors have experienced the show cars at Xpeng stores over the past 3 days, demonstrating their enthusiasm for the G6, it said.

Eve Energy will build a project for large cylindrical batteries for passenger cars in Hungary over a four-year construction period.

CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.

CATL and Arun Plus have entered into a CTP partnership agreement to provide the Thai company with a CTP production line and share CTP production technology.