BYD launches 2025 Song Plus EV with unchanged starting price and upgraded features
The starting price of the 2025 Song Plus EV remains unchanged at RMB 149,800 ($20,980), but the top-trim variant is priced 7.38 percent lower.
Nio renames Power Day to Power Up, 2024 event to be held on Aug 20
Power Up 2024 will be held on August 20 in Wuhan, Hubei, central China. For the past three years, Nio had held the Nio Power Day events in the summer of each year.
BYD's auto insurance unit posts net income of $850,000 in Q2
BYD set up its own auto insurance business through an acquisition, which began operations in May this year.
Nio opens UAE website and X account as market entry nears
“We are committed to fostering a growing community in the UAE and building strong networks to provide the best possible experience for NIO users,” the company wrote on its UAE website page.
BYD opens 1st store in Sri Lanka, brings in new model
BYD has launched the Sealion 6 in Sri Lanka, its fourth model there after the Dolphin, Seal, and Atto 3.
Chinese lithium producer Ganfeng plans $500 million battery plant in Turkey
Ganfeng plans to set up a joint venture in Turkey, which plans to invest $500 million to build a lithium battery project with an annual capacity of 5 GWh in Turkey.
Lynk & Co says Z10 gets over 10,000 pre-orders in 24 hours after pre-sales begin
Lynk & Co began accepting customer pre-orders for the Z10 on August 15, with the official launch set for September 5.
VW consolidates EV R&D in China, looks to build 'Wolfsburg of the East' in Anhui, report says
In a recent shake-up, Volkswagen moved its BEV R&D resources in China to Anhui province, where it hopes to build a "Wolfsburg of the East," according to local media.
VW China JV recalls 283 imported Audi e-tron GT electric sports cars due to brake system concern
The Audi e-tron GT is a luxury electric sports car that currently has a starting price of RMB 999,800 ($139,380) in China.
Leapmotor sees Q2 gross margin turn positive, prioritizes volume
Despite improved gross margin, Leapmotor's losses continued to widen in the second quarter as it saw record quarterly R&D investments.
