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Weltmeister Revives EV Production and Business Operations After Bankruptcy
SHANGHAI — Chinese electric vehicle (EV) startup Weltmeister, an early player in the market that filed for bankruptcy in 2023, has officially resumed operations under...Weltmeister Revives EV Production and Business Operations After BankruptcyMore
SHANGHAI — Chinese electric vehicle (EV) startup Weltmeister, an early player in the market that filed for bankruptcy in 2023, has officially resumed operations under new ownership. Backed by a new investor, Shenzhen Xiangfei Auto Sales Co., and with government support, the company aims to rebuild its presence in China's highly competitive EV sector.
Key Details:
Production Restart: The company's Wenzhou base has resumed production of the EX5 SUV and E5 sedan models.
New Investor & Funding: Shenzhen Xiangfei is the new owner and has committed an initial investment of 1 billion Chinese Yuan (around $137 million USD) for upgrades and supply chain recovery. The "New Weltmeister" is receiving support from the Shanghai and Wenzhou municipal governments.
Ambitious Targets: The company has a multi-phase development plan (2025-2030), with a goal to produce 10,000 to 20,000 units by the end of 2025. The long-term objective is to reach an annual production target of one million vehicles by 2030.
Future Plans: Weltmeister intends to launch over 10 new models, including sedans, SUVs, and MPVs, within the next five years. It also plans international expansion, starting with a factory in Thailand.
Sales & Service: A new sales subsidiary has been established to manage retail operations, parts distribution, and after-sales support, addressing a critical concern for existing owners following the original company's collapse.
The comeback effort faces significant challenges in a crowded market, but the new structure and financial backing provide a path for the brand's potential resurgence.
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Xpeng yesterday announced a milestone, with its 1,000,000th vehicle rolling off the production line.
According to its CEO He Xiaopeng, it took Xpeng 82 months to produce its first 500,000 vehicles. However, the journey from 500,000 to...Xpeng yesterday announced a milestone, with its 1,000,000th vehicle rolling off the production line.More
According to its CEO He Xiaopeng, it took Xpeng 82 months to produce its first 500,000 vehicles. However, the journey from 500,000 to 1,000,000 vehicles was completed in 14 months.
A substantial portion of this growth is attributed to the success of the Xpeng Mona M03, which was launched last year. The Mona M03 has contributed one-fifth of Xpeng’s total million-unit sales.
In a separate announcement on November 7, 2025, Xpeng confirmed that deliveries of the Mona M03 had reached 200,000 units, achieving this feat in 14 months.
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AUDI, in capital letters and without the iconic four-ring logo, is a new EV brand in China. The automaker unveiled the E SUV Concept today at the Guangzhou Auto Show. The E SUV Concept serves as the foundation for the brand’s second car, the...AUDI, in capital letters and without the iconic four-ring logo, is a new EV brand in China. The automaker unveiled the E SUV Concept today at the Guangzhou Auto Show. The E SUV Concept serves as the foundation for the brand’s second car, the AUDI E8 SUV.More
AUDI is currently a China-only brand, launched in November 2024. Its first car, the AUDI E5 Sportback, is a shooting brake (or as Germans say – Kombi) sedan launched in September. It received over 10,000 preorders within 30 minutes. The new high-end EV brand is part of Volkswagen’s “In China for China” strategy, which aims to localise products for domestic users and address software and connectivity issues by developing products together with Chinese partners.
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Chery‘s iCar V27, a new mid-to-large-sized SUV, made its China debut today at the 2025 Auto Guangzhou. This car made its global debut in the UAE this August, under the brand name iCaur. Positioned as the iCar brand’s first extended-range electric...Chery‘s iCar V27, a new mid-to-large-sized SUV, made its China debut today at the 2025 Auto Guangzhou. This car made its global debut in the UAE this August, under the brand name iCaur. Positioned as the iCar brand’s first extended-range electric vehicle (EREV) and the flagship of its V-series, the V27 is expected to hit the market in the first quarter of 2026, with an estimated price range of 200,000 to 300,000 yuan (28,000 to 42,000 USD). The vehicle has already been filed with China’s Ministry of Industry and Information Technology (MIIT).More
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The Leapmotor A10 urban electric car was revealed in China ahead of its official premiere, scheduled for November 21. This small SUV aims to enter the global market as a rival to the BYD Atto 2 (Yuan Up). Its approximate domestic price is...The Leapmotor A10 urban electric car was revealed in China ahead of its official premiere, scheduled for November 21. This small SUV aims to enter the global market as a rival to the BYD Atto 2 (Yuan Up). Its approximate domestic price is expected to lie between 80,000 and 100,000 yuan (11,250 – 14,050 USD).More
A partnership with Stellantis boosted the speed of development of new Leapmotor cars. The young Chinese car maker plans to introduce two cars at the upcoming Guangzhou Auto Show 2025 on November 21. The first one is the previously revealed Lafa 5 (B05) electric hatchback. And the second is the Leapmotor A10 crossover. The latter model was previously shown in teaser images. On November 18, the company shared official images of the A10 for the first time.
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Geely Galaxy expands its premium offerings with the new "V Series" MPV lineup.
The new Geely Galaxy V Series was officially announced today, positioning the brand for entry into the high-end new energy MPV market. The series will debut with the...Geely Galaxy expands its premium offerings with the new "V Series" MPV lineup.More
The new Geely Galaxy V Series was officially announced today, positioning the brand for entry into the high-end new energy MPV market. The series will debut with the Geely Galaxy V900, scheduled for a global unveiling on November 21st in Guangzhou. This move strategically broadens Geely Galaxy's diverse product portfolio, which currently features the M, E, L, and A series, among others. Notably, the V900 will be an EREV model and is the Geely Galaxy-branded counterpart to the previously released, all-electric LEVC L380 MPV. While the LEVC L380 offers a four-row, eight-seat layout and a CLTC range exceeding 800 km, the new V Series models will carry the Geely Galaxy insignia.
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BYD executive confirms Denza Z supercar testing at Nürburgring, rumored to top 1,000 hp
BYD’s luxury sub-brand, Denza, is advancing its first high-performance supercar, the Denza Z, which is currently...BYD executive confirms Denza Z supercar testing at Nürburgring, rumored to top 1,000 hpMore
BYD’s luxury sub-brand, Denza, is advancing its first high-performance supercar, the Denza Z, which is currently undergoing testing at the Nürburgring in Germany. The confirmation came from Denza General Manager Li Hui, who posted on Chinese social media today that “our supercar Denza Z is now running on the Nürburgring track in Europe. As a high-performance supercar, the Denza Z represents the dedicated work of thousands of engineers and is a top-level creation.”
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Tesla China officially launched the Long Range Rear-Wheel Drive (RWD) version of its popular Model Y SUV, expanding the lineup to four variants. Priced starting at 288,500 yuan (40,400 USD), this new model boasts a CLTC range of 821 km (510...Tesla China officially launched the Long Range Rear-Wheel Drive (RWD) version of its popular Model Y SUV, expanding the lineup to four variants. Priced starting at 288,500 yuan (40,400 USD), this new model boasts a CLTC range of 821 km (510 miles), making it the longest-range Model Y available.More
The introduction of the Long Range RWD Model Y brings the full Model Y series in China to four options:
Rear-Wheel Drive (RWD) from 263,500 yuan (36,900 USD)
Long Range Rear-Wheel Drive (RWD) from 288,500 yuan (40,400 USD)
Long Range All-Wheel Drive (AWD) from 313,500 yuan (43,900 USD)
Model Y L (Six-seater version) from 339,000 yuan (47,500 USD)
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IM Motors’ new flagship SUV, the LS9, will officially launch in China on November 12 with limited-time pre-sale prices starting at 336,900 yuan (46,800 USD) and going up to 366,900 yuan (51,000 USD). The company opened pre-orders on November 4,...IM Motors’ new flagship SUV, the LS9, will officially launch in China on November 12 with limited-time pre-sale prices starting at 336,900 yuan (46,800 USD) and going up to 366,900 yuan (51,000 USD). The company opened pre-orders on November 4, and within just 30 minutes, it reported over 8,000 reservations.More
Beyond its 1,508 km range, 800V hybrid platform, and high-end digital cabin, what has truly captured public attention is something far less conventional: the LS9 comes equipped with its own built-in outdoor shower.
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Spy Alert: Avatr 12 Wagon Caught Testing in China – Zeekr 007 GT Beware! Changan, CATL & Huawei's Avatr teases a wagon twist on the sleek Avatr 12 sedan! Heavily camo'd prototype flaunts elongated roofline & shooting brake vibes, packing Huawei...Spy Alert: Avatr 12 Wagon Caught Testing in China – Zeekr 007 GT Beware! Changan, CATL & Huawei's Avatr teases a wagon twist on the sleek Avatr 12 sedan! Heavily camo'd prototype flaunts elongated roofline & shooting brake vibes, packing Huawei ADS 4 autonomy (4 LiDARs), up to 539 hp dual-motor EV with 755 km range, or 1,155 km extended-range hybrid. Luxe interior: 35.4" 4K panorama + HarmonySpace 5 OS. Rivals Stelato S9T & Audi E5 at ~$28K-$60K est. Launch TBA—wagon wars heating up! #Avatr12Wagon #EVSpiesMore
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CATL, GAC Aion & JD.com Team Up for Ultra-Fast EV Swap! GAC Aion just unveiled the Aion UT Super—a slick 5-door compact EV with a game-changing 99-second battery swap via CATL's "Chocolate Battery" tech. Boasting 500 km range, 134 hp motor, and...CATL, GAC Aion & JD.com Team Up for Ultra-Fast EV Swap! GAC Aion just unveiled the Aion UT Super—a slick 5-door compact EV with a game-changing 99-second battery swap via CATL's "Chocolate Battery" tech. Boasting 500 km range, 134 hp motor, and exclusive JD.com sales, it's priced at ~$14K-17K USD. Dropping during China's 11.11 shopping spree—EV revolution just got quicker! #AionUTSuper #EVNewsMore
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Chinese Electric Vehicle Market News commented on this post about 1 month agoBYD to Showcase All-Electric K-Car at Tokyo Motor Show.
BYD, a leading Chinese automaker, will unveil an all-electric K-car at the Tokyo Motor Show later this month. This compact, eco-friendly...BYD to Showcase All-Electric K-Car at Tokyo Motor Show.More
BYD, a leading Chinese automaker, will unveil an all-electric K-car at the Tokyo Motor Show later this month. This compact, eco-friendly vehicle targets Japan’s popular kei car market, known for its small, efficient vehicles suited for urban environments.The new model, designed specifically for Japan, emphasizes affordability, low running costs, and zero-emission performance. BYD aims to compete with established players like Suzuki and Daihatsu in the kei car segment, leveraging its expertise in electric vehicle technology.The Tokyo Motor Show, kicking off October 25, 2025, provides BYD a platform to highlight its growing global presence. The company has been expanding aggressively in markets like Europe and Southeast Asia, and this K-car debut marks a strategic push into Japan’s unique automotive landscape.Details on the car’s specifications, pricing, and availability remain under wraps, but anticipation is high for BYD’s latest offering. The reveal underscores BYD’s commitment to sustainable mobility and its ambition to capture a share of Japan’s EV market.
Comments (3)-
The BYD K-Car was spotted without camouflage ahead of its official debut scheduled for the Japanese Mobility Show 2025 on October 30. It will become More ... -
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On October 29, BYD released the official images of its first pure electric kei car model, the Racco, designed for the Japanese market, at the 2025 More ...
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Chinese Electric Vehicle Market News reacted to this post about 1 month agoRecent photos have revealed the 2026 Zeekr X hatchback ahead of its expected fourth-quarter update. The refreshed model will introduce a new variant equipped with Zeekr‘s Energee battery, alongside several interior refinements. The current...Recent photos have revealed the 2026 Zeekr X hatchback ahead of its expected fourth-quarter update. The refreshed model will introduce a new variant equipped with Zeekr‘s Energee battery, alongside several interior refinements. The current Zeekr X lineup features five variants priced between 149,000 and 199,000 yuan (20,700-27,600 USD).More
The updated Zeekr X is scheduled to launch in the fourth quarter, with more details expected in the coming months.
The exterior design remains largely unchanged from the current model. The photographed vehicle displays a matte grey finish with a contrasting black roof and features distinctive five-spoke flower petal-style wheels. The vehicle maintains its current dimensions: 4,450mm in length, 1,836mm in width, and 1,572mm in height, with a 2,750mm wheelbase.
Inside, several notable changes can be observed. The centre console has been redesigned, abandoning the current flow-through design in favour of a traditional closed configuration that incorporates a wireless phone charging pad and additional storage space. Door panels and seats now feature new diamond-patterned stitching, although it remains unclear whether this will be standard across all trim levels. The 2026 model will also add rear centre air conditioning vents for improved passenger comfort.
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Nio partnered with Disney to release a limited-edition ET5 Touring model (ET5T), the Tron Limited Edition, timed with the release of the movie Tron: Ares. The edition is designed with unique exterior and interior styling inspired by the film....Nio partnered with Disney to release a limited-edition ET5 Touring model (ET5T), the Tron Limited Edition, timed with the release of the movie Tron: Ares. The edition is designed with unique exterior and interior styling inspired by the film. It is capped at 555 units, available for complete vehicle purchase at 316,000 yuan (approximately 44,358 USD) or via the Battery-as-a-Service (BaaS) plan at 208,000 yuan (approximately 29,204 USD).More
The ET5T Tron Limited Edition features a deep space black exterior with Tron Limited Edition-themed decals. Standard equipment includes the Moon exterior theme package, roof rails, and 20-inch five-spoke wind-speed wheels with orange brake callipers. The edition also consists of the same chassis as Nio’s Champion Edition, with upgraded front and rear anti-roll bars, increased torsional rigidity by 6%, and a body roll gradient below 3 degrees per g. The chassis supports a dedicated sport-oriented software calibration and a new EP Mode for expanded driving scenarios and custom settings.
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Great Wall Motor’s (GWM) new Tank 400 plug-in hybrid SUV will start pre-sale on October 21, available in the existing Hi4-T and a newly added Hi4-Z variants. The official unveil was on September 22 in China, featuring a refreshed design and...Great Wall Motor’s (GWM) new Tank 400 plug-in hybrid SUV will start pre-sale on October 21, available in the existing Hi4-T and a newly added Hi4-Z variants. The official unveil was on September 22 in China, featuring a refreshed design and configuration upgrades.More
The Hi4-Z variant uses the same powertrain as the Tank 500 Hi4-Z, consisting of a 2.0T engine and dual P2 and P4 electric motors, providing a fuel consumption of 8.3L/100km. The engine has a maximum power of 185 kW (248 hp) and a peak torque of 380 Nm. The P2 and P4 motors have maximum power of 215 kW (288 hp) and 240 kW (322 hp), respectively. The 59.05 kWh ternary lithium battery pack provides a CLTC pure electric range of 200 km.
The Hi4-T variant continues to boast a plug-in hybrid system consisting of the same 2.0T engine as the Hi4-Z and an electric motor, providing a fuel consumption of 8.4L/100km. The electric motor generates a maximum power of 120 kW (161 hp). Equipped with a 37.1 kWh ternary lithium battery pack, the CLTC pure electric range is 105 km.
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Beijing Hyundai has officially launched its Elexio EO electric SUV, with production commencing on October 16, 2025. The vehicle, which is set for launch on October 29, will be available in three variants – Fun, Smart, and Tech, with pre-sale...Beijing Hyundai has officially launched its Elexio EO electric SUV, with production commencing on October 16, 2025. The vehicle, which is set for launch on October 29, will be available in three variants – Fun, Smart, and Tech, with pre-sale prices ranging from 130,000 to 150,000 yuan (18,200 to 21,000 USD).More
Built on the E-GMP global electric vehicle platform, this compact SUV boasts a maximum CLTC range of 722km. The Elexio EO showcases Hyundai’s latest design philosophy, featuring daytime running lights inspired by crystal elements, incorporating a figure-8 pattern.
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On October 16, Leapmotor officially debuted its flagship D19 full-sized SUV built based on the brand’s D platform, available in both EV and EREV variants. The market entry is scheduled for the first half of 2026, boasting a 500 km pure electric...On October 16, Leapmotor officially debuted its flagship D19 full-sized SUV built based on the brand’s D platform, available in both EV and EREV variants. The market entry is scheduled for the first half of 2026, boasting a 500 km pure electric range for the EREV and 720 km for the EV, an onboard oxygen generator, and dual Qualcomm Snapdragon 8797 chips.More
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