Yuebo power: Shanghai Qianying plans to reduce its shareholding by no more than 2.99%

Chassis Supply Chain's "iPhone Moment": China's Tier 1 Shift as LeeKr Emerges

Over the past decade, China's electric vehicle (EV) industry has evolved from a niche experiment into a leading force in the global automotive landscape. In the first ten months of 2025, China exported over 2 million EVs, nearly double the year-earlier figure. From European city streets to Southeast Asian highways and Latin American urban centers, Chinese EVs have emerged as one of the most prominent symbols of a new era of “Made in China.”

Neolix Raises Nearly US$400 Million in Series E to Expand Autonomous Delivery Network

Neolix（新石器）announced on October 20 that it had completed a Series E financing round of nearly US$400 million, with proceeds earmarked for regional service hubs and autonomous-driving technology. The company says its global fleet now exceeds 30,000 Level 4 delivery vehicles, although overseas deployments remain at different stages of testing and commercial operation.

Axera’s ADAS Chip Enters Europe Through Leapmotor Electric Hatchback

Axera（爱芯元智）said on October 20 that its advanced driver-assistance chip had entered the European market in a new compact electric hatchback from Leapmotor（零跑汽车）. The deployment extends the Chinese chip designer’s overseas reach through an existing automotive customer rather than a separately announced supply agreement with a European automaker.

ZEEKR MAKES PARIS MOTOR SHOW DEBUT ON THE BACK OF 200% YEAR ON YEAR GROWTH IN EUROPE

The brand sets out its long-term commitment to Europe and expansion plans, and unveils the Zeekr 9X, its first luxury model, reflecting its New Class of Luxury vision, alongside the all-new Zeekr 7X, to European automotive audiences.

Himalaya Turns to Hong Kong for IPO

On September 14, after withdrawing the IPO application on US SEC, China's online audio platform Himalaya submitted an IPO prospectus to the Hong Kong Stock Exchange. The underwriters are Goldman Sachs, Morgan Stanley and CICC.