Tag: Bankrupt

This article highlights an unprecedented breakthrough for global EV industry. In 2024 global EV sales exceeded 17 million units, with leading markets hitting over 30% penetration, marking a critical tipping‑point from early adoption to mainstream popularity. Besides falling battery costs, improved charging infrastructure and favorable policies, visual social‑media platforms like Instagram accelerate EV acceptance via influencer and user‑generated content. With emerging new technologies, EVs are projected to occupy above 50% of new‑car sales by 2030, bringing permanent transformation to sustainable mobility.

Changan launched the Qiyuan Q06 mid-size SUV, priced from 135,900 yuan ($19,300). It features 800V charging, advanced autonomous driving, and dual-motor options.

Geely has launched the updated Galaxy E5 in China, priced from 97,800 to 137,800 yuan ($13,800-$19,400). Key upgrades include a shift to RWD, 800V architecture, 6C fast charging, LiDAR-based ADAS, and a new 160L front trunk.

BYD's 2nd-gen Seagull features a larger body, 95kW motor, and a revamped interior with a floating screen and increased storage for better utility.