Detail

The US remains the second largest market for EU vehicle exports, accounting for 22% of the EU's export market in 2024. German automakers are the largest suppliers to the US, with exports amounting to €32.71 billion, representing 64.27% of EU exports to the US. Although the US electric vehicle market is relatively small, it is growing rapidly, with BEV and PHEV sales reaching approximately 100GWh in 2024. European automakers have a significant manufacturing presence in the US, creating numerous jobs.

Leapmotor Chairman Zhu Jiangming revealed the company's future product plans at the C16 user sharing session. In the second quarter of 2026, Leapmotor will launch a flagship MPV based on the D platform, positioned as a luxury model with an estimated price of around 200,000-300,000 yuan, alongside a full-size SUV. In 2025, Leapmotor will focus on expanding its B series, including the B10 pure electric SUV, B01 pure electric sedan, and an entry-level hatchback, the B05. Existing models are also expected to be refreshed in 2025.

By the end of 2024, China's new energy power generation capacity exceeded thermal power for the first time, marking significant progress in energy transition. To address the coordination challenges between new and traditional energy, China is accelerating the construction of a unified national electricity market. In 2024, cross - provincial and cross - regional market - based electricity trading volume reached 1.4 trillion kWh, more than ten times that of 2016. The unified national electricity market is expected to be preliminarily established in 2025, facilitating the optimization of energy resources and promoting green and low - carbon development.

The European Commission has proposed extending the CO₂ emission compliance period for cars and vans to a three-year average, addressing real-world market and geopolitical challenges. This adjustment provides flexibility for manufacturers but must be complemented by demand incentives and charging infrastructure deployment. Currently, the market share of BEVs stands at only 15%, highlighting the need for further market development.

As of April 1, NIO Power has achieved over 70 million battery swap services. Compared to traditional charging, NIO's swap services have saved users approximately 58.2 million hours of waiting time and 18.3 billion yuan in refueling costs. NIO Power has built 3,239 swap stations nationwide, forming a high-speed swap network across 14 major city clusters. The company plans to achieve nationwide coverage of charging stations in every county by 2025. Additionally, NIO Power has signed a cooperation agreement with Hunan Oriental Digital Energy Investment Co., Ltd. to build 100 integrated energy stations with photovoltaic storage, charging, and swapping capabilities in Hunan.

Toyota Kirloskar Motor (TKM) reported its highest-ever sales in a financial year, with 337,148 units sold in FY24-25, marking a 28% year-over-year increase. In March 2025, TKM sold 30,043 units, up 11% compared to the same period last year. The growth was driven by a 35% increase in SUV and MPV sales, a 59% surge in exports, and stronger market presence in Tier II and III cities.