On September 20, Leapmotor, a Hangzhou-based smart electric vehicle brand, announced through the Hong Kong Stock Exchange (HKEx) that it will issue 131 million shares at a price of HK $48 to HK $62 ($6.12 - $7.9) per share.
Li Auto previously confirmed it would stop production of Li ONE as it prepares to launch an updated version named the Li L8, accompanied by a price reduction promotion. This series of moves angered many Li ONE consumers who had just bought the car at the original price.
NETA Auto, a vehicle marque under Chinese firm Hozon Auto, announced on September 15 that its global expansion has accelerated in the past few days. The firm's NETA V right-hand drive model has been launched in Nepal and Thailand.
On September 15, Chinese automobile marque Baojun, a joint venture under SAIC-GM-Wuling, launched the 2023 KiWi EV. The most striking thing about the new model is that it is equipped with DJI's vehicle-mounted intelligent driving system "Lingxi."
Two spy photos of BYD’s new sports car were taken in a BYD industrial park. The vehicle was tightly wrapped with camouflage stickers while compared to the BYD Qin that appears next to the new model, this vehicle appears to be a lot closer to the ground.
On September 13, the road test photos of Zeekr 009 were exposed. The new car is positioned as a pure electric MPV which has attracted much attention because it is the first model to carry the Kirin Battery manufactured by CATL.
Huawei Smart Selection partner SERES has kicked off construction of its third factory. The new facility is named "SE Project of Liangjiang New Area," spanning about 700,000 square meters in the southwestern city of Chongqing.
Lei Jun, the founder and CEO of Chinese tech firm Xiaomi, said that the race in the EV industry was just getting started, "and I think Xiaomi has plenty of opportunities."
On September 8, China's smart electric vehicle brand Leapmotor announced that the first batch of 60 mini electric vehicles, the T03, were exported to Israel, opening the first step of the brand's overseas expansion.
Shenzhen-based automotive firm BYD offered various updates on vehicle delivery time, the launch of its fifth-generation DM-i technology in 2024, and the firm's approach to next year's falling subsidies.
