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Xiaomi Wants to Become A Top 5 Automaker Globally

Electric Vehicles

Xiaomi Wants to Become A Top 5 Automaker Globally

Electric Vehicles
28-04-2025

Kia, Hyundai Mobis’s Q1 Sales Hit Record Amid EV Demand Surge but Margins and Tariffs Cloud Outlook
Kia reported its highest-ever first-quarter revenue of 28.02 trillion won ($19.6 billion) and an operating profit of 3.01 trillion won for January to March, announced on Friday. Sales grew 6.9% year-on-year, though operating profit fell 12.2%, with the op
Electric Vehicles
28-04-2025

Tesla Hikes Prices on Its EVs in Canada Amid Tariffs, Expect Demand Collapse
Tesla, the American electric vehicle manufacturer, has raised prices across its entire lineup in Canada, with increases ranging from 13% to 22%. The adjustments, effective for new orders and vehicles entering the country, coincide with heightened trade te
Electric Vehicles
27-04-2025

China Aims for EVs to Dominate New Vehicle Sales by 2035
China has outlined plans to enhance the integration of transport infrastructure with renewable energy systems, targeting pure electric vehicles (EVs) to become the primary choice for new car sales by 2035. The initiative, detailed in a circular issued on
Electric Vehicles
27-04-2025

BYD Debuts Five New Ocean Series Models at AUTO SHANGHAI 2025
On April 23, 2025, BYD’s Ocean Series unveiled five new models at AUTO SHANGHAI 2025: the Ocean-S concept, Sealion 06 DM-i, Sealion 06 EV, Seal 06 EV, and Seal 06 DM-i Touring edition. The global debut highlighted BYD’s advancements in
Electric Vehicles
27-04-2025

JAC Group, Huawei Digital Power Deepen Strategic Partnership to Boost NEV Innovation
On April 22, JAC Group and Huawei Digital Power signed a comprehensive agreement to deepen their strategic collaboration, expanding their long-standing partnership that began in 2019.The two sides will focus on advancing joint efforts in several core area
Electric Vehicles
25-04-2025

Dongfeng Motor Deepens Middle East Expansion With Strategic Pact in Saudi Arabia
On April 23, during the AUTO SHANGHAI 2025 exhibition in Shanghai, Dongfeng Motor, a leading Chinese automaker, signed a strategic cooperation agreement with Universal Motors Agencies (UMA), a prominent Saudi Arabian automotive dealership group. The agree
Electric Vehicles
25-04-2025

Aptiv, FAW-VW to Establish Joint Lab for Smart Vehicle Innovation in China
During the 21st Shanghai International Automobile Industry Exhibition (the AUTO SHANGHAI 2025), Aptiv and FAW-Volkswagen ("FAW-VW") signed a memorandum of understanding (MoU) to form a joint laboratory aimed at advancing smart vehicle technologi
Electric Vehicles
25-04-2025

DENZA Z Concept Sports Car Makes Global Debut
On April 23, 2025, DENZA, the premium vehicle brand under BYD, introduced its first concept sports car, the DENZAZ, at AUTO SHANGHAI 2025, marking the model’s global debut. The unveiling highlights DENZA’s expansion into the luxury spo
Electric Vehicles
24-04-2025

CATL Launches 10 New ‘Choco-Swap’ Models With Five Automakers
On April 23, at the 21st Shanghai International Automobile Industry Exhibition, CATL introduced its Choco-Swap battery swap platform, unveiling a range of battery swap-enabled vehicles. The company also signed a strategic cooperation agreement with GAC Gr
Electric Vehicles
24-04-2025

GAC AION’s HYPTEC Unveils Concept Model ‘EARTH’
On April 23, GAC AION’s sub-brand HYPTEC introduced its innovative EARTH concept shooting brake at the 21st Shanghai International Automobile Industry Exhibition (AUTO SHANGHAI 2025). The global debut showcased a vehicle inspired by nature, rede
Electric Vehicles
24-04-2025

BYD’s YANGWANG Offers First Glimpse of U8L Model at AUTO SHANGHAI 2025
On April 23, 2025, the 21st Shanghai International Automobile Industry Exhibition (AUTO SHANGHAI 2025) commenced, showcasing innovative automotive designs. A highlight was the debut of the U8L, a new luxury model from BYD’s premium brand, YANGWA
Electric Vehicles
24-04-2025

GM to Increase Production at Ohio Transmission Facility
General Motors (GM) is increasing transmission production at its Toledo, Ohio plant, focusing on components for gasoline-powered vehicles instead of electric vehicle (EV) drive units, the company announced on Wednesday. The Toledo facility supports the ma
Electric Vehicles
23-04-2025

China’s CATL Launches 10 More New Models for Battery Swapping With Automakers
At the Shanghai auto show on Wednesday, the general manager of CATL’s battery swapping unit, a division of the Chinese battery manufacturer CATL (300750.SZ), announced plans to introduce 10 new vehicle models equipped for battery swapping. This
Electric Vehicle Battery
23-04-2025

CATL Unveils 2nd-Gen Shenxing Ultra-Fast Charging, Naxin Sodium-Ion Batteries
On April 21, CATL introduced two innovative battery technologies during its Supertech Day event, focusing on supercharging and safety. The second-generation Shenxing ultra-fast charging battery, the world’s first lithium iron phosphate (LFP) bat
Electric Vehicles
23-04-2025

Great Wall Motor’s WEY Kicks off Presale of All-New Gaoshan Lineup
On April 21, Great Wall Motor’s WEY brand launched presales for its new Gaoshan MPV series, introducing three variants: the Gaoshan 7, Gaoshan 8, and Gaoshan 9. The Gaoshan 8 and Gaoshan 9 are priced from 329,800 yuan to 379,800 yuan, while the
Electric Vehicles
23-04-2025

LI Auto, CRRC’s Subsidiary Team Up on Licensed Development of XPM Power Module
On April 21, 2025, Li Auto, a prominent electric vehicle manufacturer, signed a Next-Generation Power Module Licensed Development Technology Agreement with Zhuzhou CRRC Times Semiconductor Co., Ltd., a subsidiary of CRRC, at its Shanghai R&D Center. T
Electric Vehicle Battery
22-04-2025

Toyota Signs Deal for 2-Billion-Usd EV Project in Shanghai
Toyota Motor Corp., a leading Japanese automaker, signed an agreement with the Shanghai municipal government to establish a wholly-owned electric vehicle (EV) and EV battery manufacturing facility in Shanghai’s Jinshan District. The deal, finali
Electric Vehicles
22-04-2025

New York Adds $30 Million More to Its EV Rebate Pot
New York State has allocated an additional $30 million to support point-of-sale rebates for purchasing or leasing over 60 new electric vehicle (EV) models. This initiative, part of the Drive Clean Rebate program managed by the New York State Energy Resear
Electric Vehicles
22-04-2025

BYD’s Luxury Brand Yangwang Hits Sales Milestone of 10,000 Vehicles
On April 21, YANGWANG, BYD’s luxury new energy vehicle brand, announced that its cumulative vehicle sales have exceeded 10,000 units. The brand’s current lineup includes the YANGWANG U7, U8, and U9 models, catering to the growing deman
Electric Vehicle Battery
22-04-2025

CATL Unveils New EV Battery That Charges as Fast as Pumping Gas
Contemporary Amperex Technology Co., Limited (CATL), a leading battery manufacturer based in China, has introduced its latest battery cell technologies, designed to charge as quickly as refueling a gas-powered vehicle while reducing costs and maintaining
Electric Vehicles
22-04-2025

Aramco and BYD Unveil Car Technology Alliance
Saudi Aramco and Chinese electric vehicle manufacturer BYD announced a partnership on Monday to collaborate on new-energy vehicle technologies. The agreement, signed by Saudi Aramco Technologies Company and BYD, was revealed during the opening of the Shan
Electric Vehicle Battery
21-04-2025

LG Energy Solution Pulls Out From Indonesia EV Battery Investment
LG Energy Solution announced on Monday its withdrawal from a 142 trillion rupiah ($8.45 billion) electric vehicle (EV) battery project in Indonesia. The decision marks the end of the Indonesia Grand Package (GP) project, an agreement signed in late 2020 b
Electric Vehicles
21-04-2025

Mazda to Pause U.S. Production of Compact SUV Destined for Canada
Mazda Motor Corp. will temporarily suspend exports of its CX-50 sport utility vehicle to Canada from its Alabama plant, starting May 12, 2025, a company spokesperson announced on Friday. This decision responds to new U.S. tariffs introduced by President D
Electric Vehicles
21-04-2025

Honda Motor to Debut Second Ye Series BEV Model ‘GT’ at AUTO SHANGHAI 2025
On April 18, Honda Motor announced that its all-electric Ye Series’ second model, the Ye GT, will debut globally at AUTO SHANGHAI 2025. The company stated that the Ye GT combines Honda’s sporty heritage with advanced intelligent techno
Electric Vehicles
21-04-2025

Stellantis, Leapmotor About to Launch Local EV Assembly Project in Malaysia
On April 18, 2025, Stellantis, a global automotive leader, and Leapmotor, a Chinese electric vehicle manufacturer, unveiled plans to launch a localized electric vehicle (EV) assembly project in Malaysia. This collaboration represents a key step in their p

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