China

BYD follows in Tesla's footsteps by expanding its car insurance business in 7 Chinese provinces, aiming to diversify and leverage industry expertise. Unlike other automakers, BYD has regulatory approval to independently adjust rates and offer custom plans, leading to potential savings for customers. With NEV insurance market challenges, BYD focuses on cost reduction to ensure profitability. Analysts anticipate BYD's move to impact the broader NEV insurance landscape in China.

Xiaomi's upcoming SUV, the MX11, spotted testing on roads in China with a design inspired by the successful SU7 model. Expected to launch in 2025 and boasts Ferrari Purosangue-like proportions. Features an 800V platform, 21,000rpm motors, and spacious trunk. Third vehicle model rumored to use budget-friendly batteries, set for a 2026 release at 150,000 yuan. Xiaomi's fast growth in the EV market with 20,000 SU7s delivered within months of launch.

Check out the BYD Song L DM-i interior, a sleek compact SUV loaded with fifth-gen DM hybrid tech. Its digital instrument panel and 15.6-inch central screen are just the beginning. Equipped with sports seats, wireless charging, and top-notch luxury touches, this ride means business. Sporting a 1.5L engine, 215 hp electric motor, and impressive specs, it's ready to hit the road with prices starting at a cool $16,500. Sales kicking off later this year in China.

Six months after launching its successful SU7 EV, Xiaomi is gearing up for another electric vehicle to rival the Tesla Model Y. Spy photos of a camouflaged sleek SUV coupe have surfaced, hinting at the design similarities to the Ferrari Purosangue. Anticipated for release in 2025, this new EV features LiDAR sensors for enhanced ADAS capabilities. With Xiaomi's rapid strides in the EV market, the competition against Tesla and Porsche is heating up. Stay tuned for more updates on Xiaomi's latest innovation!

Nissan is closing a factory in China due to BYD's aggressive EV price cuts, leading to a 16% sales drop last year. With over 30% of Nissan's global sales from China, the competition is fierce as BYD aims to dominate the market. Nissan's struggles in China are worsened by BYD's lower-priced EV models targeting gas-powered cars. BYD plans to expand globally, outgrowing China's EV market and even encroaching on territories like Japan and Mexico.

China's extensive $200 billion investment in its EV sector revealed, sparking protectionist measures in the U.S. and Europe. The country's aggressive support for EVs has significantly impacted the global automotive market. Meanwhile, Ford CEO anticipates Level 3 self-driving capabilities in just two years, aiming to revolutionize the driving experience. Japan vows to catch up in the race for software-defined vehicles, setting ambitious goals for market share by 2030. The future of self-driving technology intensifies, with major automakers pushing boundaries to lead the way.

SAIC-GM-Wuling teases the Wuling Starlight S SUV, priced around 69,800 yuan. Available in BEV and PHEV options, it's set to rival the BYD Song Plus DM-i and BYD Yuan Plus. The PHEV sports a 1.5L engine with 106 hp, offering electric ranges of 43-90 km. The BEV variant boasts a 201 hp electric motor. Featuring split headlights and unique taillights, it offers optional sunroof and safety features. Stay tuned for more updates!

GAC Trumpchi introduces new ES9 models, PRO+ and MAX+, with upgraded features and same pricing as predecessors. The PRO+ offers luxury additions like AR-HUD, panoramic sunroof, and massage seats. The MAX+ focuses on safety with additional features such as facial recognition and collision warning. Both models boast a 2.0T turbocharged plug-in hybrid system, achieving impressive power and range. GAC's strong sales numbers in May 2024 highlight the brand's growing influence in the automotive market.

Spy shots reveal a new BYD Han sedan in China equipped with the latest DM 5.0 PHEV technology and a Lidar unit. Larger than the Seal 07 DM-i, the Han retains the Dynasty series design language with upgraded driving assistance features. Powered by BYD’s DM 5.0 technology, this sedan is expected to offer improved efficiency and range. Likely not a second-generation Han, this model may be named the Han DM-i. Exciting breakthroughs in BYD’s electric vehicle lineup.

Preorder the M-Hero 917 Dragon Armor Edition, priced from $105,800. Debuted at Beijing Auto Show, this model boasts off-road enhancements, desert storm military paint, and carbon fiber details. Interior features include Nappa leather seats, large screens, and Chinese dragon-inspired design. Available in BEV and EREV versions, offering impressive power and range. Built on Dongfeng's M-Tech platform, the M-Hero 917 targets global markets, facing potential challenges from EU tariffs.