Zeekr privatization

Chinese EVs Surge: New Models, L3/L4 Tech, 47% First-Time Buyers

China's EV sector explodes with Hongmeng Zhixing's multi-brand new cars like Zhijie V9 MPV and L3/L4 autonomy from 2025, Ideal's L4 'space robot' in three years, and Xiaomi's family SUV/GT/luxury trio. A Bloomberg survey shows 47% of first-time buyers favoring pure EVs, boosted by 5-min fast charging for 400-520km range. These moves deepen ecosystem ties and challenge global rivals amid Nvidia H200 approvals.