An employee explains the functions of a CATL battery during an auto expo in Beijing in October. [CHEN XIAOGEN/FOR CHINA DAILY] Contemporary Amperex Technology Co Ltd, the world’s largest electric vehicle battery maker, has filed for a Hong Kong listing that is expected to be the city’s biggest initial public offering in four years. The…
A BYD Yangwang U9 is on display during the Brussels Motor Show 2025 in Brussels, Belgium, on Jan 10, 2025. [Photo/Xinhua] With several automakers unveiling plans to accelerate the adoption of artificial intelligence and advanced technologies, intelligent driving injected new vitality into the NEV industry, the China Securities Journal reported on Tuesday. China’s automaker BYD…
This photo shows a production launch ceremony of US carmaker Tesla’s gigafactory in Shanghai, Feb 11, 2025. [Photo/Xinhua] Tesla’s energy storage plant in Shanghai’s Lin-gang Special Area commenced operation on Tuesday, as the assembly line started the production of the first Megapack unit. The Megapack, which is an advanced battery system designed for large-scale energy…
Visitors view a BYD Sealion 7 electric vehicle on display at the Singapore Motorshow on Jan 9, 2025. [Photo/VCG] SINGAPORE — Chinese car brands have expanded their market share in Singapore, while Japanese and German automakers have seen declines, The Straits Times reported on Monday. Citing data from the Land Transport Authority, the report said…
Dancers perform next to a BYD Sealion 7 at the Singapore Motor Show on Jan 9, 2025. ROSLAN RAHMAN/AFP Right after the Spring Festival holiday, automobile markets in China have become hectic, touting new features, offering discounts and even appearing in movies to woo potential car buyers. Tesla announced on Wednesday, the first working day…
Lexus’ booth at the 2024 Beijing auto show in April. SONG YU/FOR CHINA DAILY Toyota, the world’s leading carmaker by sales, has made a bold move to establish a wholly owned subsidiary in Shanghai to produce batteries and electric vehicles for its high-end Lexus brand. The new facility, set to begin production in 2027, will…
This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. [Photo/Xinhua] Tesla posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring…
The planned restructuring of Wuhan, Hubei province-headquartered Dongfeng Motor Corp and Chongqing-based Changan Automobile is expected to create a more integrated and competitive automaker capable of competing with global giants like Toyota, Volkswagen and Tesla in the coming years, said analysts on Monday. A number of listed subsidiaries of State-owned Dongfeng Motor and CSGC, the…
ROX 01 debuts in Saudi Arabia at LEAP 2025, which runs from Feb 9 to 12 in Riyadh. [Photo provided to chinadaily.com.cn] ROX Motor, a Chinese new energy vehicle brand, has entered the Saudi Arabian market, with the debut of its luxury all-terrain SUV, ROX 01, on Sunday at the country’s technology event LEAP. The…
A driver charges his NEV at an expressway service area in Wuhu, Anhui province. XIAO BENXIANG/FOR CHINA DAILY As China’s new energy vehicle sector continues to grow rapidly, NEV charging volume on China’s highways saw a significant increase during the Spring Festival holiday, surging nearly 30 percent compared to the same period last year, according…