Lei Kang
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BYD Yangwang begins deliveries of U7 luxury sedan
Yangwang launched the U7 on March 27, with a starting price of RMB 628,000 ($87,370).
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China NEV retail at 202,000 in Jun 1-8, up 40% year-on-year
The penetration rate of NEVs in retail sales was 58.8 percent during the June 1-8 period, and 49.78 percent year-to-date.
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China EV battery installations in May: CATL share at 42.87%, BYD 22.49%
CATL's market share in May increased by 3.44 percentage points compared to April, while BYD's share decreased by 3.86 percentage points.
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China NEV sales hit year-to-date high in May, exports set new record
In May, China's NEV sales reached 1,307,000 units, up 36.9 percent year-on-year, according to data from the CAAM.
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Leapmotor expands into Hong Kong, opens first local store
Market development in Hong Kong and Macau will be handled by Leapmotor's marketing team in the Chinese mainland.
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CATL launches next-gen battery cell for energy storage
The 587 Ah high-capacity cell achieves an energy density of 434 Wh/L, a 10 percent improvement over the previous generation.
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Toyota launches bZ5 coupe SUV equipped with BYD batteries in China, starting at $18,070
The Toyota bZ5 is the latest comeback by a joint venture automaker in China after the Nissan N7.
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Shanghai NEV ownership exceeds 1.5 million, 71% purely electric
Shanghai's NEV ownership reached 1.51 million vehicles by the end of 2024, with pure electric vehicles accounting for 71 percent.
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Li Auto May deliveries breakdown: Li L6 18,781, Li L7 10,016
Li L6 -- Li Auto's lowest-priced model -- accounted for 45.97 percent of May deliveries.
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Tesla Model Y sales in China drop 38% year-on-year to 24,770 in May
The decline in Model Y retail sales in China in May was partly due to a significant increase in exports.
