China’s Geely beats BYD in sales, CATL’s profit surges 42%: 7 EV reads

2026.03.18 07:50 China’s bestselling EV model Galaxy Xingyuan. Photo: Handout We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider . Geely Auto has gained the upper hand in mainland China’s intensifying automotive sector, as its diverse product line-up pays off after electric vehicle (EV) king BYD suffered a setback following partial withdrawal of a tax break. Betting on rising global demand for energy storage, Contemporary Amperex Technology Ltd (CATL) reported stronger-than-expected growth driven in part by its expansion into new energy storage markets. People walk past an EV showroom inside a shopping mall in Beijing. Photo: AP Several years ago, prime ground-floor spaces in major shopping malls across Beijing and Shanghai’s business districts were commonly occupied by electric vehicle (EV) showrooms, with staff often escorting customers to car parks for test drives. Many of these stores have now closed. BYD, the world’s largest electric-vehicle (EV) maker, sold more cars overseas than at home for the first time in February, reflecting a broader trend among Chinese EV makers’ global push as domestic sales soften amid fierce competition. BYD also launched a new version of its electric vehicle, the Denza Z9 GT. Photo: Weibo Leading Chinese EV manufacturer BYD has unveiled a new-generation battery featuring charging speeds that the company says can rival a refill at a petrol station. Contemporary Amperex Technology Ltd (CATL) reported a 42 per cent jump in net profit last year to 72.2 billion yuan (US$10.4 billion) on strong battery sales and an expansion into new energy storage scenarios. Nio has set a delivery guidance of up to 83,000 vehicles for the first quarter of 2026. Photo: Xinhua Chinese electric vehicle (EV) maker Nio has forecast a surge of up to 97 per cent in first-quarter deliveries, underscoring the turnarou

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