Phate Zhang
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Nio opens 1st distributor store in Hungary as European expansion continues
Nio currently offers the ET5, ET5 Touring, ES6, and ES8 in Hungary.
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Li Auto CEO reaffirms AI focus in internal meeting amid sluggish sales
But employees are more eager to hear about plans to reverse the sales slump.
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Porsche plans to reduce its dealerships in China by 30% in 2026
Porsche aims to cut its dealership network in China from 114 outlets to 80 in 2026.
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Tesla rolls out insurance subsidy for Model 3 in China amid beefed-up promotion
Chinese customers purchasing a Model 3 on or before February 28 are eligible for an insurance subsidy of RMB 8,000 ($1,150).
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BYD aims for 1.3 million overseas sales in 2026
BYD targets 1.3 million overseas vehicle sales in 2026, representing about 24% growth.
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China not about to approve Tesla FSD soon, state media report says
A Chinese government source indicated that China will not approve Tesla's FSD soon, dashing Elon Musk's expectations.
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Nio Onvo launches new higher-priced special edition variants for L90
Onvo has launched new special edition variants for the L90 to celebrate the Chinese Year of the Horse, following a similar move for the L60.
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Short interest in Li Auto surges to record high as firm remains heavily targeted by short sellers
Li Auto has been the most heavily shorted Chinese automaker since last September.
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Musk expects Tesla FSD to gain approval in China next month
Musk anticipates Tesla's FSD will receive approval in China next month, echoing the timeline he mentioned last November.
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CPCA estimates China Jan NEV retail at 800,000, up 7.5% year-on-year but down 40% sequentially
January's NEV penetration rate fell to 44.4%, with CPCA anticipating this will mark a cyclical low point.
