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Xpeng released its financial report for Q1 2023, and revenue was down 49.1% to $577 million

2023 Q1 Xpeng car sales fell by about half compared to last year, with an average loss of more than $14,000 per car.

Geely increased its stake in Aston Martin to 17%, becoming the third-largest shareholder

This increase cost about 290 million USD. After the increase, Geely's stake in Aston Martin more than doubled.

With a range exceeding 1,000km, Zeekr 001 started delivering the new version equipped with CATL Qilin batteries

Zeekr 001 is the first production vehicle to be powered by CATL Qilin batteries. CATL Qilin battery is currently the mass-produced power battery with the highest energy density in the market.

Toyota’s first electric sedan, the bZ3, sold 2,342 units in the first month after launching in China

Toyota bZ3 is the first EV jointly developed by Toyota and BYD, produced by FAW-Toyota's Tianjin factory and supplied to the Chinese market.

2023 BYD Seal Launched, Starting at 27,400 USD with 550 km Range

The price of the new BYD Seal has decreased by about 10%, and currently, the monthly sales of the old Seal are about 6,000.

Toyota sold 4,794 bZ4X EVs in China in Q1 2023

After the price reduction in February, the sales of bZ4X have increased, accounting for approximately 0.5% of the Chinese EV market. The delivery of a bZ3 EV started in March and 297 units were delivered in China.

BYD continues to be Thailand’s best-selling EV brand in April, delivering 1,744 EVs

BYD held over 45% of the Thai EV market share in April, ranking first in the Thai EV market for four consecutive months.

BYD continues to be Israel’s best-selling EV brand in April, delivering 1,377 EVs

BYD has become Israel's fourth best-selling car brand for the first time, The top three are all gasoline powered brands.

Global Power Battery Installation Ranking in Q1 2023 – CATL First, BYD Second

The top 10 power battery manufacturers include 6 Chinese companies, 3 Korean companies, and 1 Japanese company.

China sold 1.5 million EVs&PHEVs in Q1 2023, accounting for 59% of the world

In Q1 2023, 1,041,000 EVs and 460,000 PHEVs were sold in China, sales up 25% to Q1 2022, accounting for 28% of China's vehicle sales.