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Xpeng will hold the global launch of its Mona L03 SUV in Munich on July 16. The event marks the company’s first model launch held simultaneously in Ch…

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<a href="/company/xpeng">Xpeng</a> will hold the global launch of its Mona L03 SUV in Munich on July 16. The event marks the company’s first model launch held simultaneously in China and Europe. Xpeng will also disclose new developments in its physical AI technology. The vehicle, which began presales on July 2 at RMB 143,800, offers pure electric and extended-range options and advanced driver assistance features.

<a href="/company/xiaomi">Xiaomi</a> plans to enter the European automotive market in 2027. Founder Lei Jun confirmed the timeline on July 13, while the company has hired former Tesla executive Dieter Lorenz to lead European delivery and logistics operations.

<a href="/company/nio">Nio</a> has finished its major new vehicle launches for 2026, with founder William Li saying the company will now focus on sales, service, and channel expansion. Following the release of the ES8, Nio aims to improve operating efficiency and strengthen its premium <a href="/industry/ev">EV</a> positioning without further major product debuts this year.

Didi’s Brazilian platform, 99, has grown its electric and hybrid vehicle fleet to more than 35,000 units, up from 80 four years ago. At a UN sustainable transport event, the company said it plans to register more than 300,000 new energy vehicles (NEVs) in Brazil over the next five years to support green mobility and logistics.

Beary Foodstuff has cleared its IPO review on the Beijing Stock Exchange. The company, a major supplier of Western-style sauces to chains including Wallace and Tastien, reported 2025 revenue of RMB 2.15 billion. It aims to expand its retail presence to reduce reliance on restaurant clients.

Midea has shipped 20,000 portable air conditioning units to France to meet surging demand during extreme heat. The company used cross-border land freight to deliver the order in about 15 days, cutting the standard delivery time by half compared with sea shipping.

<a href="/company/sensetime">SenseTime</a> released and open-sourced its SenseNova-Vision model on July 13. The unified vision model integrates tasks such as object detection, segmentation, depth prediction, and 3D reconstruction into a single architecture. SenseTime said the model outperformed Vision Banana in core benchmarks and released a sample visual instruction dataset alongside it.

<a href="/company/byd">BYD</a> will launch its Racco electric kei car in Japan on July 28. The vehicle offers a range of up to 320 kilometers and is the first electric kei car in Japan to feature power sliding doors. It also includes Level 2 driver assistance and NFC keys.

<a href="/company/xpeng">Xpeng</a> has established a new sales and service subsidiary in Qingdao with registered capital of RMB 5 million. The entity is wholly owned by the company’s automotive sales division and will manage vehicle sales, charging pile distribution, and related services.

31 internet technology companies, including <a href="/company/baidu">Baidu</a>, <a href="/company/tencent">Tencent</a>, <a href="/company/alibaba">Alibaba</a>, and <a href="/company/bytedance">ByteDance's</a> Volcano Engine, signed a pact on July 9 to establish standards for protecting personal information as <a href="/industry/ai">AI</a> agents become integrated into internet services. Separately, eight platforms signed a convention for the healthy development of the mini program ecosystem.

Kingstar Brewery said it is continuing its IPO process after its Hong Kong listing application expired. The company said on July 13 that the expiration does not mean the IPO has failed and that it is proceeding according to its established schedule.

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China&#8217;s Nexchip has global ambitions as legacy chips thrive in AI&#8217;s shadow

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Xpeng’s Mona L03 to launch July 16

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ZKH Industrial Supply targets MRO bottlenecks facing Chinese manufacturers in Southeast Asia

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Deals in brief: BlueOrchard backs Malaysia’s PolicyStreet, PixVerse extends Series C round, Ant Group acquires stake in Boohee Health, and more