News
China ends annual tax break for PHEV and EREV as BEV adoption pulls ahead
2+ hour, 11+ min ago (243+ words) The joint announcement, numbered Circular 19 of 2026 and dated July 2, 2026, also strips the exemption from battery electric commercial vehicles and fuel cell commercial vehicles, and cancels the 50% tax reduction previously granted to fuel-efficient combustion vehicles. It formally repeals several clauses of…...
Leapmotor's 93, 376 deliveries lead China's EV upstarts in June 2026
2+ day, 12+ hour ago (459+ words) Leapmotor delivered 93, 376 vehicles globally in June, a 94. 51% jump from a year earlier and its highest monthly total on record. The Stellantis-backed automaker's first-half deliveries reached 356, 487 units, up 60. 82% year-on-year. Its cumulative global deliveries crossed 1. 5 million units on June 18, 2026, a milestone reached…...
Tesla launches aggressive summer promotion in China with 5-year 0% financing
3+ day, 4+ hour ago (228+ words) Tesla (NASDAQ: TSLA) has rolled out summer purchase incentives for Model 3, Model Y, and Model Y L buyers in China, offering five-year interest-free financing with monthly payments starting at 2, 460 CNY (c. $363). The offer covers orders placed by July 31, 2026, with delivery subject…...
BMW scales traceable green-electricity charging in China, targets 100% by 2027
2+ week, 7+ hour ago (463+ words) When a BMW electric vehicle draws current in China, the power may originate from solar farms in Zhejiang or wind turbines in Inner Mongolia " and that renewable origin is now logged for the driver through the country's green electricity certificate…...
Tesla Model 3 joins China's 2026 rural EV subsidy list of 155 models
2+ week, 1+ day ago (570+ words) China launched its 2026 new energy vehicle (NEV) rural promotion campaign on June 18, 2026, naming 155 eligible models that include Tesla's (NASDAQ: TSLA) Model 3 and the Xiaomi (HKG: 1810) SU7. The notice was jointly issued by five departments: the Ministry of Industry and Information Technology,…...
BYD confirms Canada launch for late 2026 with 20+ dealerships and C$25, 000 start price
3+ week, 5+ day ago (237+ words) BYD (HKG: 1211), the world's largest electric vehicle manufacturer by volume, has confirmed it will launch in Canada by the end of 2026, marking the company's first retail foothold in North America after years of failed attempts to enter the continent. BYD…...
BYD leads China's record May NEV month with 377, 000 units and surging exports
1+ mon, 1+ hour ago (482+ words) BYD (HKG: 1211) recorded 383, 453 total vehicle sales in May 2026, of which 376, 990 were new energy passenger cars, setting an all-time May record and extending its position as China's top-selling automaker as the domestic new energy market delivered its strongest May result on…...
Tesla Shanghai Gigafactory posts 2026 monthly record with 85, 982 May deliveries
1+ mon, 19+ hour ago (454+ words) Tesla (NASDAQ: TSLA)'s Shanghai Gigafactory delivered 85, 982 vehicles in May 2026, its highest monthly total of the year, according to data released by the China Passenger Car Association (CPCA) on June 2, 2026. The figure marks a 39. 4% rise year-on-year and an 8. 18% increase from…...
Toyota scraps development of Lexus LF-ZC, its next-gen EV model
1+ mon, 3+ day ago (439+ words) Toyota (TYO: 7203) has halted development of the production Lexus LF-ZC electric sedan, scrapping a vehicle the brand had positioned as the centerpiece of its next-generation EV strategy. The decision, first reported by Nikkei Asia and confirmed by Toyota to German…...
Chinese Tesla Model Y "killers" that could reach Canada by 2027
1+ mon, 3+ week ago (486+ words) Canada's January 2026 tariff reset has made the country one of the most contested EV markets outside Asia, and the vehicles most likely to challenge the Tesla (NASDAQ: TSLA) Model Y are already proving themselves in Australia and Europe. Three major…...