Xiaomi has unveiled a European research and development center as part of its push into the high performance electric vehicle market, recruiting senior engineers and designers from leading German automotive brands. The announcement was made during the opening of Auto China 2026, where the company outlined......
Porsche has agreed to sell its holdings in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, marking a major strategic exit from a high-profile automotive partnership. The German carmaker is divesting its 45 percent stake in the Bugatti Rimac joint venture as well as its 20.6 percent......
Volkswagen has introduced two new electric vehicles developed in China as global automakers prepare for Auto China 2026, where domestic brands are expected to intensify competition in the premium segment. The move reflects a broader shift in the world’s largest auto market, where Chinese manufacturers......
Volkswagen Group has outlined a new technology roadmap centered on “Agentic AI for All,” aiming to integrate advanced artificial intelligence agents into vehicles built for the Chinese market starting in the second half of 2026. The announcement was made at a press event in Beijing ahead......
Chinese automaker Seres has announced that it will become an equal shareholder in a fast-charging joint venture in China involving German carmakers BMW and Mercedes-Benz. The move marks a new stage of cooperation in the rapidly evolving electric vehicle sector. According to an official statement released......
German automaker Audi has announced an expansion of its collaboration with Chinese partner SAIC Motor, aiming to develop a new generation of vehicles tailored specifically for the Chinese market. The strengthened partnership will focus on producing future models under a jointly developed brand, with......
Mercedes-Benz (Mercedes-Benz Group AG) announced a decline in first-quarter 2026 sales as the company navigates a transitional period in the Chinese market. Quarterly sales fell 6% year-on-year to 419,400 vehicles, reflecting challenges in the world’s largest automotive market. While Mercedes......
Oliver Blume, chief executive of Volkswagen, has suggested that German car manufacturers could benefit from adopting elements of China’s structured industrial planning as they navigate an increasingly competitive global market. In a recent interview, Blume highlighted China’s coordinated......
German automaker BMW is aiming to strengthen its position in China by launching its next-generation electric vehicle platform, known as “Neue Klasse,” as competition intensifies in the world’s largest car market. After a period marked by aggressive price reductions across the electric......
BYD Co., the world’s largest electric vehicle manufacturer, is exploring potential entry into top tier international motorsport, including Formula 1 and the FIA World Endurance Championship, as part of a strategy to strengthen its global brand presence, according to Bloomberg. The Shenzhen based......
German sports car manufacturer Porsche is preparing a strategic shift aimed at restoring growth and strengthening investor confidence. Under the leadership of its new chief executive officer, Michael Leiters, the company is expected to prioritize cost reductions and place renewed emphasis on traditional......
Porsche is reshaping its performance strategy for 2026 with a hybrid 911 Turbo S that combines supercar acceleration with everyday usability, while expanding its electric and plug-in hybrid lineup. The new 911 Turbo S introduces a T Hybrid system built around a 3.8 litre twin turbo flat six engine,......
Audi has announced a broad executive reshuffle across its key markets in North America, China, Canada, and South Korea, effective April 1, as part of efforts to strengthen its global operations and boost sales in underperforming regions. The German automaker described the move as part of its most extensive......
