China Market
Hyundai Motor Co. unveiled the Ioniq V, its first production model under the Ioniq brand for China, at the 2026 Beijing auto show. The vehicle is built on a platform jointly developed with Beijing Automotive Group (BAIC Group) and features a battery from Contemporary Amperex Technology Co. Ltd. (CATL). It offers more than 600 kilometers on a single charge.
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Honda Motor Co. will discontinue gasoline vehicle production at one of its four plants in China and may do so at another, a source close to the matter said Friday. The move is part of restructuring amid a shift in demand to electric vehicles in the world's largest auto market. The company aims to cut its annual gasoline vehicle capacity of 960,000 units there.