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Automotive industryi

News about the global automotive industry with a focus on developments that matter most for the China market.

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  • Xpeng will launch a compact EVs priced ‘between 100,000 yuan and 150,000 yuan’ for the China and global markets, co-founder and CEO He Xiaopeng said
  • Premium EV makers are looking to grab a slice of the pie from BYD, Shanghai analyst says

New Delhi has been working on a new EV policy, following a proposal by Tesla to set up an Indian factory and build a low-cost car in exchange for lower import taxes.

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The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan, which could help EV users save tens of thousands of yuan, they say.

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China is angling to replace industrial equipment and consumer goods through large-scale trade-ins– but the overall growth impact is uncertain.

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The world’s largest EV maker is taking the offensive in a market-share battle, with rivals including Xpeng, Zeekr and SAIC-GM-Wuling also slashing prices.

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The Chinese smartphone maker, which has started taking orders for its maiden EV model, will start deliveries on March 28. The market estimates the car to be priced from 200,000 yuan (US$27,865) to 370,000 yuan.

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Chinese electric vehicle (EV) maker Xpeng plans to launch its first right-hand drive model in the second half of this year as it accelerates its push to go global, targeting markets such as Hong Kong and Southeast Asia.

The US carmaker’s Gigafactory in Shanghai handed over 30,141 Model 3s and Model Ys to mainland customers last month, a year-on-year decline of 24.4 per cent, according to China Passenger Car Association data.

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The Shanghai-based carmaker expects to hand over 31,000 to 33,000 EVs to mainland Chinese customers between January and March, down 34.1 to 38.1 per cent from the fourth quarter of 2023.

Chinese electric-vehicle (EV) maker Leapmotor has joined the widening discount war on the mainland, pricing its new SUV as much as 17 per cent lower than originally planned.

The decline ‘bodes ill’ for the market as a bruising price war may be imminent, sales executive says. EV makers are grappling with fiercer competition amid a drop in demand and signs of overcapacity.

The US$77,764 Li Mega, Beijing-based Li Auto’s first pure-electric model, has a range of 710 kilometres. It costs nearly twice as much as market leader General Motors’ petrol-powered competitor.

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Volkswagen has signed an agreement with Chinese EV maker Xpeng to jointly develop two mid-sized battery-powered vehicles for the highly competitive mainland market in 2026.

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The Shenzhen-based EV maker expects to choose a location for the plant, which is set to have a production capacity of 150,000 cars annually, by the year-end.

From Xiaomi to Xpeng, leading Chinese electric vehicle makers have expressed disbelief that Apple is ending its decade-long effort to build a car.

The surprise move marks the end of the multibillion-dollar Project Titan, one of the most ambitious efforts in the tech giant’s history.

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Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says. Its systems are used by 70 car brands in China.

The Warren Buffett-backed carmaker is accepting bookings for the 1.68 million yuan (US$233,400) supercar with a deposit of 300,000 yuan. Deliveries are expected to start in the summer.

Inchcape’s tech-driven Hub aims to speed up the EV revolution in Hong Kong, providing a variety of services alongside its fleet of electric vehicles on offer

The company, a division of British sports car company Lotus Group in which Chinese carmaker Zhejiang Geely Holding owns a majority stake, will focus on the premium segment despite cheap models dominating the mainland EV market.

Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, has raised 100 million yuan (US$13.9 million) in a new round of financing buoyed by Chinese drivers’ growing appetite for intelligent vehicles.

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