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CnEVPost Newsletter: GIC's lawsuit against Nio; Leapmotor's new model

Published about 1 month ago • 1 min read

CnEVPost Newsletter: Daily Recap

Oct 16, 2025

Nio responds to GIC lawsuit, says it's based on false allegations from 3 years ago

"This matter is not a newly occurring incident, nor is it directed at Nio's recent operational performance," Nio said in a response shared with CnEVPost.

Singapore sovereign wealth fund GIC sues Nio over losses from 3 years ago

The catalyst for GIC's lawsuit against Nio was a short-selling report released in June 2022, which has since been refuted.

Nio extends losses to 12% in Hong Kong amid concerns over GIC lawsuit

As of press time, Nio had fallen 12.21 percent to HK$47.54 per share, poised for its biggest single-day drop since April 7.

Leapmotor debuts D19 SUV, with extended-range variant featuring largest 80-kWh battery to date

The Leapmotor D19's EREV variant utilizes an 80.3-kWh battery pack -- the largest ever installed in an EREV -- delivering up to 500 km of battery range.

BYD Yangwang hikes U9 electric supercar price by 7% to $252,630

The Yangwang U9 boasts 1,287 horsepower and can sprint from 0 to 100 km/h in 2.36 seconds.

BYD plans to build up to 300 fast-charging stations in South Africa by end-2026

BYD currently sells seven models in South Africa, including five pure electric vehicles and two hybrid models.

GWM's Wey brand launches Gaoshan 7 MPV, starting at $40,100

The seven-seat Gaoshan 7 is the latest addition to the Gaoshan series MPVs, joining the Gaoshan 8 and Gaoshan 9.

Xpeng exports over 5,000 EVs in Sept

In January-September, Xpeng's exports reached 29,723 units, marking a 125.2 percent year-on-year increase.

Li Auto sets up overseas headquarters in Hong Kong, plans active local expansion

Li Auto established its overseas headquarters in Hong Kong earlier this year and is now actively planning to further expand its Hong Kong operations.

Beijing Hyundai begins pre-sales of EO compact SUV, priced from $18,250

The Hyundai EO starts at RMB 130,000 ($18,250) in pre-sales, with major rivals including the BYD Yuan Plus and Geely Galaxy E5.

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China EV news, data, insights and more.

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