1. Dongfeng Group’s January-February Sales Decline Across the Board
Dongfeng Group announced that January-February 2025 cumulative vehicle sales totaled 225,912 units, down 31.8% YoY.
- Dongfeng Motor Group’s total sales: 278,387 units (-33.7% YoY)
- Dongfeng Motor Co., Ltd.: 18,435 units (-22.6% YoY)
2. BAIC Foton’s 2,000th Heavy Truck Rolls Off the Line in Thailand
On March 10, BAIC Group announced that the 2,000th Foton heavy truck rolled off the production line at its Thailand factory, which has now achieved localized KD (knock-down) production.
3. Leapmotor’s Q4 Gross Margin Hits 13.3%, Setting a New Quarterly Record
Leapmotor reported its 2024 annual financial results, with:
- Revenue: ¥32.16 billion
- Annual gross margin: 8.4% (record high)
- Annual deliveries: 293,724 units (exceeding the annual target)
- Cash flow: Positive operating and free cash flow, with ¥20.42 billion in cash reserves
- Q4 2024 performance: Monthly average deliveries exceeded 40,000 units, with a 13.3% quarterly gross margin, a new record
4. Leapmotor B10 Officially Opens Pre-Sales

Leapmotor’s new B10 compact electric SUV is available for pre-order, with:
- 5 variants
- Price range: ¥109,800–139,800
- CLTC range: Up to 600km
- Technology: Qualcomm Snapdragon 8295 chip & advanced smart driving system
5. Lei Jun on Xiaomi SU7’s 6-7 Month Order Backlog
Lei Jun stated that Xiaomi is evaluating global markets and policies for potential international expansion. However, the current priority is solving domestic production bottlenecks to reduce the 6-7 month waiting period for Xiaomi SU7 orders.
6. Zeekr Names Its Full-Size SUV “Zeekr 9X”

On March 10, Zeekr announced that its new full-size luxury SUV will be called Zeekr 9X.
- Technology: First to feature Zeekr’s new Super Electric Hybrid (SEH) technology
- Debut: April at Auto Shanghai 2025
- Launch: Q3 2025
7. Volkswagen May Launch GTI Version of ID.1
Reports indicate Volkswagen will introduce its cheapest electric car, the ID. Every1, in 2027, priced at under $22,000. A GTI performance variant may also be in development.
8. Denza N9 to Launch on March 21
Denza has announced that its N9 global launch event will take place on March 21.
- Pre-sale started on Feb 21
- Pre-sale price range: ¥450,000–550,000
9. General Motors to Launch Cadillac EVs in Japan for the First Time
On March 7, General Motors announced that Cadillac’s first EV will enter the Japanese market, marking a renewed push to expand its presence in Japan.
10. South Korea Falls to 7th Place in Global Auto Production
The Korea Automobile & Mobility Industry Association (KAMA) reported that South Korea’s 2024 vehicle production fell 2.7% to 4.13 million units, dropping it to 7th place worldwide.
- Top 4 global producers for the 4th consecutive year: China, U.S., Japan, India (combined production accounts for 59.7% of the global total).