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Du Chao, a Wall Street banker with extensive experience in overseas IPO financing, has joined Xpeng Aeroht. Du previously served as CFO at 17 Education & Technology and led the company’s listing on the Nasdaq. (A flying car on display at Xpeng Aeroht’s Guangzhou headquarters. Image credit: CnEVPost) Xpeng’s (NYSE: XPEV) flying car unit, Xpeng Aeroht, has appointed its first-ever CFO (chief financial officer), a move that could potentially pave the way for an accelerated IPO (initial public offering). Du Chao, who spent 10 years at Deutsche Bank, has joined Xpeng Aeroht as CFO and vice president, according to a…
Tesla’s robotaxi service appears to have launched in Austin, offering invite-only rides to a small group of Tesla fans and influencers. But if the automaker wants to continue operating its driverless ride-hailing EVs, it may soon have to comply with new regulations that were signed into law by Texas Governor Greg Abbott on Friday. The rules take effect on September 1. InsideEVs reported on these policy changes last week. But now that they’ve been signed into law, they represent a new complication for Tesla’s robotaxi dreams. As reported by Reuters, the law requires operators of Robotaxis to obtain a permit…
JAC and Huawei signed a new deal after their first joint model, the Maextro S800, hit the market. The Maextro S800, priced from RMB 708,000 ($98,570), secured over 5,000 firm orders within 19 days of its launch. (Image credit: JAC) Anhui Jianghuai Automobile Group (JAC) and Chinese tech giant Huawei signed a new deal after their first joint model recently hit the market. The two companies signed a strategic cooperation agreement in Hefei, Anhui province, where JAC is headquartered, to deepen their strategic partnership, according to an announcement by the automaker today. Senior executives from both companies, including JAC chairman…
The new Audi Q3 plug-in hybrid can drive up to 74 miles on electricity (WLTP). It can also be DC fast charged, with a top-up to 80% taking less than half an hour. The high-voltage battery has nearly double the capacity of its predecessor, but the physical size is the same. The Audi Q3 compact crossover is now in its third generation, and it comes with all the bells and whistles that you can imagine, including steering wheel stalks that are actually buttons. I’ll get to that later, but now I want to focus on what powers the new Q3.…
In the latest Senate version of the GOP’s budget and tax bill, better known as Trump’s Big Beautiful Bill, the 30% tax credit for home solar and batteries is going to be over 180 days from the time the President signs it. Other tax credits for utility-scale solar and wind projects are going to be completely phased out by 2028. As expected, the Republican Party has been trying to remove incentives for renewable energy to clean its grid and achieve much-needed productivity expansions. The main effort is through the new budget and tax bill, known as Trump’s ‘Big Beautiful Bill’,…
Honda is attending next month’s Goodwood Festival of Speed to give its hot hatch a proper sendoff by showcasing the Civic Type R Ultimate Edition. It’s also bringing the new hybrid Prelude and the oddly shaped 0 SUV, which doesn’t quite resemble the Hondas we’re used to. Alongside these already-revealed models will be a new concept, pompously named the Super EV. Although Honda is tight-lipped about the diminutive hatchback, we can’t help but wonder if it’s an indirect successor to the charming Honda e. Production of that pint-sized city commuter ended in January 2024, but it seems a follow-up may…
The penetration rate of NEVs in retail sales was 58.8 percent during the June 1-8 period, and 49.78 percent year-to-date. Year-to-date, China’s passenger NEV cumulative retail sales totaled 4.559 million units, up 34 percent year-on-year. (A Nissan N7 displayed at the Shanghai auto show in April 2025. Image credit: CnEVPost) China saw solid growth in new energy vehicle (NEV) retail sales during the first week of June. From June 1 to 8, China’s passenger NEV retail sales totaled 202,000 units, up 40 percent year-on-year and up 4 percent month-on-month, according to data released today by the China Passenger Car Association…
Fang Cheng Bao revealed the name of Tai 7 and shared an image of the model wrapped in camouflage. Tai 7 is expected to target a broader family user base with a larger size than Tai 3. (Image credit: Fang Cheng Bao) BYD (HKG: 1211, OTCMKTS: BYDDY) sub-brand Fang Cheng Bao has officially named its upcoming new SUV (sport utility vehicle) Tai 7, after hinting at the model earlier this month. Fang Cheng Bao announced the name Tai 7 on Weibo today and shared an image of the model wrapped in camouflage. The BYD sub-brand has not shared further details…
Chinese tech giant Xiaomi, primarily known for its smartphones, is branching out by making cars. The SU7 is the company’s inaugural model and has already spawned a high-performance Ultra version. Last October, a prototype lapped the Nürburgring in an astonishing 6 minutes and 46.8 seconds. At that point, Xiaomi promised it would return to the Green Hell and repeat the hot lap with a production-ready car. Predictably, the SU7 Ultra that customers can purchase in China was unable to match the performance of the stripped-down prototype. Nevertheless, a lap time of 7 minutes and 4.95 seconds is a remarkable achievement.…
Nissan finally ditches the old-school passively cooled battery pack for the new Leaf. A new liquid-based system can harvest heat from the onboard charger. The third-generation Leaf EV also comes with a new suspension setup at the rear. The Nissan Leaf was the world’s first mass-produced electric car. It was–and still is–one of the most affordable EVs in the game, which resulted in over half a million sales since its debut in 2010, but its low entry price also means some corners had to be cut. For 15 years, the first- and second-generation Leaf came with a passively cooled high-voltage…