EV Industry

Beijing Hyundai has completed the debut of the Elexio, saying it aims to launch a comeback bid by a joint venture automaker in China.

Avatr starts offering EREV variants of the Avatr 12 at a starting price of RMB 269,900 ($37,360).

China's wholesale sales of passenger NEVs were estimated at 1.14 million units in April, up 42 percent year-on-year and up 1 percent from March.

Avatr said Elon Musk shared inaccurate information and invited the Tesla CEO to witness a wind tunnel test of the Avatr 12.

Rox Motor plans to launch one all-new model each year from 2025 to 2027.

Retail sales of all passenger vehicles in China totaled 1.391 million units in the April 1-27 period, up 10 percent year-on-year but down 10 percent from the same period last month.

Seres achieved a net income of RMB 5.9 billion in 2024, becoming the fourth NEV maker in the world to achieve profitability.

This comes less than six months after the last update of the Avatr 11 SUV.

In the first quarter, China imported 8,870 vehicles from the US, a 66 percent year-on-year decline.

The SC01's launch is one of the most low-profile new car launches in China's auto industry.