BMW will adopt AI cockpit technology from Alibaba-backed Banma for its upcoming models tailored for the Chinese market.

Chairman Wang Chuanfu told analysts he was confident BYD’s profitability per vehicle will top Toyota’s when it reaches the scale of the Japanese manufacturer, saying BYD’s cost controls are better.

BYD is eyeing super-fast charging and expansion in Europe to solidify its position as a global EV leader.

Georges Massing, who is part of the company’s automated-driving push, says the need for computer hardware and cloud services puts European automakers at risk as vehicles become reliant on artificial intelligence.

Tesla said it would release its smart driving-assistance feature in China after completing regulatory approval.

The Chinese EV champion overtook Volkswagen Group to lead China’s light-vehicle sales with a record 4.25 million vehicles in 2024.

The company, which has hiked again its 2025 target for EV sales, has won investors over by duplicating its smartphone success in China’s crowded EV market.

The EV maker expects to deliver only as many as 43,000 cars in the first quarter and report revenue of about 12.9 billion yuan ($1.8 billion), well short of the roughly 65,000 units and 17.8 billion yuan investors and analysts have forecast.

Changan also plans to build a sales and services network across Europe, with more than 1,000 dealerships.

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.