Automundo China

Xiaomi cut the price of its luxury electric sedan SU7 Ultra by 35% to 529,900 yuan ($72,932) from 814,900 yuan ($111,842).

China’s EV market experiences rapid growth and strategic changes as February concludes. Nio is set to deliver 13,000 vehicles, marking a 60% year-over-year increase, although slightly down from January’s numbers. Tesla is expected to deliver only 30,000 units, its lowest in two years, but has strong order flow at 60,000 units, driven by inventory reshaping. Xpeng forecasts over 31,000 units delivered, a remarkable 580% increase from the previous year, fueled by models like Mona M03 and P7+. BYD anticipates selling 340,000 units, a 180% year-on-year rise, highlighting innovations like “God’s Eye C” in its autonomous offerings. Emerging players like Xiaomi

Deutsche Bank expects the Nio main brand to deliver around 8,000 units in February, and the Onvo sub-brand around 5,000 units.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! An EU Automotive Plan that keeps the targets, but supports demand and local battery manufacturing, can make this a landmark year for the industry. Last year it was €15 billion. Now it is €16 ... [continued]

Western luxury automakers face challenges as electric vehicles (EVs) surge ahead, especially from China’s dynamic EV industry. Aston Martin grapples with financial woes, including increased debt and declining sales, particularly in the competitive Chinese market. The launch of Aston Martin’s first all-electric model is delayed, with hopes now placed on the upcoming plug-in hybrid Valhalla. Other luxury brands, such as Porsche, also feel the strain, leading to workforce reductions amid declining sales in China. Chinese EV leaders like BYD and Tesla set the pace with innovative and affordable models, expanding their reach across global markets. Western automakers must adapt to

Kia has revealed its new path to global EV domination. The South Korean brand debuted several new models and hinted at even more at its recent EV Day. It took the covers off its Tesla Model 3 and BYD Seal rivalling EV4 sedan, which also has the added bonus of being offered as a hatchback. ・Watch out BYD Seal and Tesla Model 3! Kia continues to pump...

As the world’s richest person, Elon Musk isn’t short of opportunity. From TikTok to Nissan, his name comes up time and again during potential deals across Asia, no matter how outlandish.