Mercedes-Benz has begun early research for a plug-in hybrid electric vehicle (PHEV) featuring a large battery that can deliver a long electric driving range tailored to Chinese consumers’ needs, people familiar with the matter told 36Kr on June 13, without giving further details. The news comes after the German automaker reported a 10% decline in China car sales year-on-year to 152,775 units for the first three months of this year, following a 6.7% annual fall last year. Mercedes-Benz has five...

Credit: The Paper CATL is planning to build 10 battery swap stations for electric vehicles across Hong Kong by the end of 2026, in a move the battery giant expects to significantly reduce the time it takes to charge an EV in the city and to improve working efficiency for local taxi drivers. The company said on June 13 it will collaborate with Chinese state-owned automaker FAW and Dragon Rise New Energy Holdings Ltd, a Hong Kong-listed energy infrastructure provider, to push the adoption of the t...