Phate Zhang

  • Hesai posts 1st full-year profit as LiDAR shipments triple

    Hesai achieved a net income of 435.9 million yuan ($62.3 million) in 2025, marking its first full-year profitability.

  • Nio's battery asset operator Mirattery lists $72.7 million ABS in Shanghai

    Mirattery's 501-million-yuan ($72.7 million) hold-type battery ABS has begun trading on the Shanghai Stock Exchange, marking a key step in its asset securitization.

  • BMW recalls 180,000 cars in China over wiring defect that could cause fire

    Affected models include domestically produced and imported 5 Series, 7 Series, and M5.

  • Nio's battery asset operator Mirattery raises funds via new ABN in interbank market

    Mirattery has issued a new green ABN with a total value of 1 billion yuan ($145 million) to support its battery asset business.

  • Xpeng sets up robotaxi unit to accelerate commercial rollout

    Xpeng plans to launch passenger-carrying demonstration operations for its robotaxis in the second half of this year.

  • BYD shares surge against market trend as rising oil prices boost EV appeal

    BYD's Shenzhen-listed shares rose 4.92% as of press time, reaching their highest level since October 2025.

  • Nio teases flagship ES9 SUV with winter test video ahead of Apr 9 event

    Nio released a winter test video of its ES9 SUV on Monday, highlighting the model's handling and agility ahead of an April 9 technology event.

  • Xiaomi kicks off upgraded SU7 deliveries, signs major China track deals

    Xiaomi prepared a batch of vehicles in advance for the upgraded SU7 to facilitate rapid deliveries following its launch.

  • Nio to start internal testing of 5th-gen swap stations in late Mar to support Firefly

    Nio delayed the mass rollout of its fifth-generation swap stations to the summer but is maintaining its annual target of adding 1,000 stations.

  • Xpeng to enter Mexico on Mar 25 with G6 and G9 launch

    Xpeng targets doubling its overseas sales in 2026, after selling about 45,000 vehicles in international markets in 2025.