Author: Phate Zhang

Great Wall Motor to close European headquarters, report says

Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.

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Morgan Stanley cautions of possible new price competition following BYD’s launch of 5th-gen DM tech and new models

“While new launches should boost wholesale volume, we would monitor whether it could spark another round of price competition,” Morgan Stanley said.

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BYD launches Qin L, Seal 06 hybrid sedans, both with 5th-gen DM tech

The Seal 06 DM-i and Qin L DM-i are the first two models to feature BYD's fifth-generation DM technology, both available in five variants and with a price range of RMB 99,800 ($13,770) to RMB 139,800.

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China EV insurance registrations for week ending May 26: Nio 5,400, Tesla 13,100, BYD 55,000, Xiaomi 2,700

In the May 1-26 period, insurance registrations for Nio vehicles were 15,400, Tesla 43,900, BYD 209,900, and Xiaomi 6,700 units.

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