EV Industry
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IM Motors launches updated LS7 SUV with starting price of $47,310
The updated IM LS7 is 5,049 mm long and can accelerate from 0 to 100 km/h in 3.9 seconds.
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SAIC adds new 9,500-car cargo ship, bringing its fleet to 36 car carriers
Anji Soundness began its maiden voyage today and will sail to Europe after loading vehicles at Chinese ports.
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Mercedes recalls 13,447 locally produced EVs in China due to battery thermal runaway risk
Beijing Benz is recalling 13,447 locally produced EQC vehicles starting September 27, 2025.
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GAC Toyota to shift new car development decision-making from Japan to China to regain relevance
GAC Toyota will appoint local personnel with the deepest understanding of the Chinese market to lead R&D efforts, including new models and facelifts.
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Chery set to become China's first automaker to export over 5 million cars
Chery is set to reach a cumulative total of 5 million car exports later this month, becoming the first Chinese automaker to achieve this milestone.
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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 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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Chinese automakers including BYD, Geely pledge to shorten payment cycles to suppliers
China's major automakers and some new carmakers have pledged to shorten supplier payment terms amid concerns about supply chain security.
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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.
