The two companies have been looking for a site in Europe to build the electric SUV. Spain is now the top candidate after Stellantis factories in Germany and Poland were ruled out.

Xiaomi has hired former BMW executives to work at its planned research and development center in Munich, Germany.

Sales of plug-in hybrid models surged 321 percent with China's BYD, MG and Chery accounting for most of the growth.

Up to 84 percent of dealerships sold new vehicles at prices lower than levels they procured from automakers in 2024, a China Automobile Dealers Association survey shows.

Global automakers have failed to produce enough pickups to meet demand in international markets since 2022, helping drive overseas demand for Chinese trucks, a leading trade group says.

BYD could be forced it to sell assets, reduce capacity, repay the subsidy and potentially pay a fine for non-compliance if it has benefited from unfair state aid, the Financial Times reported.

The plant is expected to mainly supply the growing roster of Chinese EV manufacturers operating in Thailand.

The new brand, developed with partner SAIC, is targeting younger tech-savvy customers in a bid to win back customers from Chinese competitors.

The contracts, which could be signed as early as June, will enable the two Chinese automakers to avoid paying hefty extra tariffs the EU imposed on China-made EVs in October.

Leapmotor says it does not aim to sell the cheapest EVs on the U.K. market, but intends to sell cars with better technology and features than rivals at competitive prices.

The chart in this Bloomberg story illustrates why this apparent R&D breakthrough should scare Tesla, Mercedes and other automakers that produce EVs.

Chinese EV maker forecast first-quarter revenue above estimates, betting on the launch of its lower-priced G6 and G9 crossovers as well as a foray into European markets.

BYD says its Super e-Platform can charge 400 kilometers in just five minutes, making it faster than a Tesla or Mercedes that need double the time to achieve fewer kilometers.

Level three technology has so far only been used on a trial basis worldwide. China granted approval in June to an initial group of nine automakers, including BYD and Nio, to carry out tests on level three vehicles on public roads.

While faster than charging, Nio’s battery-swap system requires significant ongoing investment and operational costs, raising concerns it could drain resources before providing a clear competitive edge.

Xiaomi remains a fledgling player in car manufacturing and is grappling with limited capacity, which has stretched wait times for customers.

The EV giant, known for upending cost and operating norms in the industry, aims to build more than 4,000 ultra-fast charging units to make the technology available across China.

Nearly a quarter of MyBMW App users rely on Huawei devices in China.

The new models will come with high-performance digital features, such as autonomous driving capabilities and over-the-air updates, VW said.

A prolonged price war in China has pressured EV makers to lower costs of components, forcing CATL to cut battery prices to defend its market share.

Li Auto anticipates first quarter vehicle deliveries to be as high as 93,000, falling well short of the 130,914 estimated by analysts.

Tesla’s market share in China’s battery-only EV market slipped to 10.4 percent last year from 11.7 percent a year earlier.

BMW CEO Oliver Zipse said the €1 billion provision in the group’s earnings was “conservative,” with possible further tariffs to come from the European Union and U.S.

Tesla is eager to defend its market share in China as sales plunge in the United States and Europe and local rivals push sales more aggressively.

China’s new-car market started the New Year with a weak showing, with retail sales of sedans, crossovers, SUVs and multipurpose vehicles in the first two months gaining 1.2 percent year on year to 3.18 million.

Wholesale vehicle deliveries increased 13 percent to 4.55 million the first two months of 2025 on demand for electrified products in and outside China, according to the China Association of Automobile Manufacturers.

The push to make cars safer and smarter is a more powerful force for global trade than tariffs and political uncertainty, leaders of two Chinese automotive tech companies say.

Chinese automotive interiors supplier Ningbo Huaxiang Electronic Co. said it is selling its loss-making Europe business for 1 euro to Mutares SE & Co. KGaA, a German private equity investment firm.

Xin Tianshu will replace Gregoire Olivier as COO for China and leader of Stellantis' strategic alliance with Chinese electric vehicle startup Leapmotor.

Farizon will compete against Ford, Renault and Stellantis in the growing sector as legislative pressure mounts to sell more EVs in a market reluctant to shift from diesels.