Etiqueta: Xpeng

The upgrade targets BYD’s fifth-generation DM 5.0 platform, rolling out via OTA updates as the company looks to stem pressure from falling plug-in hybrid sales and an intensifying EV price war.

China's new-energy vehicle (NEV) market penetration rate hit a record 44.3 percent in the first half of 2025, a new historical high for the same period, the CCTV News reported on Monday, citing information from the China Machinery Industry Federation.

China’s largest electric vehicle manufacturer, BYD, reported a sharp drop in monthly sales for the first time in 2025.

BYD's July Delivery Slowdown: A Warning Signal for the Overheated EV Sector?

China's EV market saw mixed results in July as BYD, Li Auto, and Nio reported slowed sales amid intense price competition, while Xpeng achieved record growth.

Meanwhile, Adani Group is in early talks with BYD on a potential battery manufacturing partnership in India.

While other major Chinese electric vehicle makers, including Li Auto and Nio, also reported a drop in July deliveries.

Following BYD’s bold entry into the Korean market, a cadre of Chinese EV brands like Zeekr, Changan and even Xpeng are now eyeing Korea as their next destination — even if it means absorbing losses to gain a foothold.

According to its latest filing with the Hong Kong Stock Exchange, BYD produced 317,892 vehicles globally last month—a 0.9 per cent decline compared to July 2024.

China EV Market Divergence: Why XPeng and Xiaomi Are Outpacing BYD, Li Auto, and Nio