VW to invest 2.5 billion euros to expand Hefei production base
Volkswagen said it will produce two Volkswagen-branded models co-developed with Xpeng in Hefei, the first of which is scheduled to go into production in 2026.
China's NEV retail at 97,000 in Apr 1-6, up 5% from same period last month
China's retail penetration of NEVs was 47.09 percent in April 1-6, and 37.1 percent year-to-date.
Huawei-backed Aito to unveil updated M5 SUV on Apr 23
The Aito M5 is the first model to be built by Huawei with a carmaker, and deliveries started in March 2022.
Huawei-Chery joint brand Luxeed re-launches 1st model S7 with lower prices for most trims
Huawei said the Luxeed S7 has begun volume deliveries. The model was initially launched in November 2023 and has since been the subject of complaints over slow deliveries.
BYD launches next-gen energy storage system MC Cube-T
BYD's MC Cube-T has a capacity of 6.432 MWh, higher than the 6.25 MWh of the Tianheng energy storage system launched by CATL 2 days ago.
China EV battery installations in Mar: CATL share 44.87%, BYD 26.79%
CATL's share in March decreased by 10.29 percentage points from February, while BYD increased by 9.04 percentage points.
Nio's cockpit head reportedly to depart
Nio's vice president of digital cockpit and software development, Zhang Lei, is leaving the company and will complete the handover by the end of this month, according to local media.
Xpeng launches new variant for G6 SUV with lower price tag
Xpeng has launched the G6 580 Plus with a starting price of RMB 199,900 ($27,630), or RMB 179,900 after discount.
BYD, JA Solar form strategic partnership to jointly develop energy storage products
BYD and JA Solar will jointly develop energy storage products to provide integrated solutions for photovoltaic power generation and energy storage.
Automakers' share of China NEV market in Mar: BYD tops with 36.6%, Tesla 2nd with 8.8%
In the January-March period, BYD was No. 1 with a 33.1 percent share, while Tesla was No. 3 with a 7.5 percent share.
