Lexus seeks to build wholly-owned plant in China, starting with production of UX hybrid and 1 BEV, report says
The models will be sold in China and also to overseas markets such as Japan, according to local media.
GAC Aion launches updated Aion V SUV to target global markets
The updated Aion V is GAC Aion's first model to be built in both its China and Thailand factories, and GAC Aion said the model will be available in a battery swap-enabled variant in the future.
Tesla expects FSD approval in China by year-end
Tesla is likely to get regulatory approval to launch FSD in markets such as Europe and China by the end of this year, Elon Musk said.
Xiaomi to launch production version of SU7 Ultra in H1 2025
The production version of the Xiaomi SU7 Ultra will go on sale in the first half of next year, and will use the same chassis structure, triple motors and battery pack as the prototype.
Chinese autonomous driving startup Pony.ai could make US IPO as soon as Sept, report says
Pony.ai is expected to make an IPO in the US as soon as September, and has already received investment interest from some institutional investors, according to local media.
BYD to launch 2 new Song family models with DM 5.0 hybrid system on Jul 25
BYD will launch the 2025 Song Plus DM-i and Song L DM-i on July 25, and they will be the first BYD SUVs to be equipped with the latest DM 5.0 hybrid system.
BYD, French auto parts maker Forvia open seat plant in Thailand
The Thai seat plant is the first overseas factory built jointly by BYD and Forvia, which together have set up seven plants in China.
China EV insurance registrations for week ending Jul 21: Nio 4,600, Tesla 10,500, Xiaomi 1,500, BYD 66,700
So far this month, Nio had 13,300 insurance registrations in China, Tesla 28,400, Xiaomi 7,500, Xpeng 5,400, Li Auto 30,200 and BYD 187,300.
Nio unveils new mission and vision to cope with changing market environment
The value system upgrade is a response to the changing social and market environment and is based on the understanding of future trends, said Nio.
Tesla further extends 5-year 0-interest loan incentive in China to Aug 31
Tesla began offering a 0-interest loan incentive in China in April, valid through June 30. It extended the offer on July 1 until July 31.
