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China is the country with the largest new-car market and the highest automobile production. You’d think we’d know Chinese automotive brands as well as we know Detroit’s, but since the models aren’t exported to the U.S. (yet), readers may find their names unfamiliar. Of the nine largest Chinese multibrand automakers, together fielding almost 50 nameplates, only four have mapped out a global strategy so far. And of those four, arguably only Geely, BYD, and Nio are, at this point, sufficiently advanced to take on American, Korean, and European brands. Hot on the heels of those industry giants are several fast-rising second-tier competitors. Overall, these five companies are best poised to capitalize on the shift to EVs.HiPhi XHuman HorizonsHuman Horizons: Focused on Luxury FeaturesHuman Horizons, which is privately owned by the former general manager of Shanghai General Motors, has inked an assembly agreement with the well-established Dongfeng Yueda Kia and is boldly moving into high-dollar luxury territory. Sold online under the brand name HiPhi are the full-size X SUV and the Z sedan. The latter boasts a claimed 3.8-second sprint to 62 mph and an extra-large battery pack good for an estimated 330-mile range. Customers seem impressed by head-turning features such as power-operated rear suicide doors and gullwing roof panels, customizable lighting orchestrations, a TV-size screen for the front passenger, and a center monitor that can change position from upright to landscape. Human Horizons may be a two-hit wonder or the beginning of a unique success story. Yangwang U9BYDBYD: Aimed Right at Tesla and MercedesBuild Your Dreams already sells cars in Europe to customers with an affinity for startups, a strong liking for Google software, and deep pockets. Its Atto 3 (five-seat crossover), Han (compact sedan), and Tang (seven-seat SUV) EV triplets are expensive. In China, though, BYD is known as a maker of affordable transportation appliances. BYD’s Ocean series looks more promising, even if the car names sound like a vision board from the latest Avatar movie. The Seagull, Dolphin, and Seal use a new platform featuring an 800-volt architecture and a battery with bladelike cells. The Seal challenges the Tesla Model 3, and the fetching Frigate 07 plug-in-hybrid SUV takes on the Model Y. We also picked BYD as a front-runner for its upcoming Yangwang premium subbrand, set to rival BMW and Mercedes. Chinese for “looking up,” Yangwang kicks off with a quad-motor SUV dubbed U8, a six-figure off-roader aimed squarely at the G-wagen and the Land Rover Defender. It also just debuted an electric supercar, the U9, with a claimed 2.0-second time to 62 mph. Nio ET5NioNio: Building Better Battery ChargingThe automotive startup Nio is centered on the idea of quick battery swapping, although its cars also can be recharged conventionally. Nio founder Bin Li convinced potent investors including Autohome, Lenovo, and Tencent to back his alternative energy-feeding system on a global scale. In China, Nio is perceived as matching or beating the German opposition in terms of customer focus, with seamless app integration and remote services. In addition to 180- and 500-kW fast-chargers, a fleet of 24/7 charging vans services remote areas. There’s even a bespoke smartphone that is reportedly coming tailor-made for Nio users. As for the vehicles, the second-generation NT2.0 architecture underpins the attractive ET5 sedan and the roomy ES7 SUV, which has an estimated range of up to 400 miles. Next year Nio plans to launch the Alps brand, aimed at Volkswagen and Toyota, with a string of fresh products covering the sub-$40,000 bracket. By 2025, we should see Himalaya, a budget nameplate set to compete in the $20,000 range. XPeng G9XPeng MotorsXPeng: A Tech-Heavy Dark HorseA small player by Chinese standards, XPeng Motors keys in on value. Trading on the New York Stock Exchange and based in Guangzhou, XPeng offers four attractively styled and priced models: the G3i, the P7, the P5, and the flagship G9. The G9 boasts automated parking, over-the-air updates, hands-free driving where legal, and a voice assistant capable of communicating individually with all four passengers. XPeng touts the SUV’s 400-kW fast-charging capability, and even the top all-wheel-drive 543-hp model is bud-get minded. Fitted with 28 speakers, six vibration units in the seats, second-row amphitheater seating, and a massive 2250-watt amplifier, the crossover is a concert hall on wheels. The G9 definitely has the makings of a successful underdog. Zeekr 009GeelyMore Chinese CarsGeely: The Main CharacterThe automotive world eyes Geely with an uneasy mix of respect and fear. The conglomerate not only owns Volvo, Polestar, Lotus, Lynk & Co, and half of Smart and Proton, but it also has lesser-known brands ranging from entry-level to luxury to specialty use, including LEVC (formerly London Taxi), Geometry, and Zeekr. There’s also Radar, a new maker of affordable electric pickups and SUVs, and Jidu, a joint venture with the search-engine giant Baidu. The cars that Geely’s domestic nameplates produce may be bland, but anything based on the new Sustainable Experience Architecture matrix should be taken seriously. Case in point is the impressive Zeekr 001 crossover and the brand’s boxy, in-your-face 009 MPV, which will be followed this year by an upper-class sedan. The reasonably priced all-wheel-drive 001 boasts 536 horsepower, an 86.0-kWh battery, and a range of roughly 260 miles. Looking deeper into the crystal ball, we see an autonomous ride-hailing van co- developed with Waymo and a self-driving car conceived with Mobileye, both due in 2024. EXPATSMany of America’s oldest and most established car brands are popular in China—but not necessarily the ones you’d expect. Buick is huge, and Lincoln sold more cars in China than in the U.S. in 2021. Here are the most interesting China-market exclusives from U.S. automakers. —Joey CapparellaBuick GL8 CenturyBuickBUICK GL8 CENTURY Vans are big business in China, especially high-end models meant for chauffeuring the well-to-do. Buick has had a stranglehold on the market with its GL8, and the latest iteration adopts the Century name. Niceties include heated footrests, a fridge, and a 32-inch entertainment screen for rear passengers. Chevrolet MenloGeneral MotorsBUICK VELITE 6/CHEVROLET MENLO These wagonoid twins have flown the EV flag for GM’s Chinese joint venture, and the Buick also comes as a plug-in hybrid. More electric models are in the pipeline.Lincoln ZephyrFordLINCOLN ZEPHYRIf the Lincoln MKZ looked like this, maybe it would’ve been more successful in the U.S. While the new Zephyr is based on the mainstream Ford Mondeo, elegant detailing disguises its family-sedan roots.Ford EvosFordFORD EVOSLooking like a more attractive take on the Honda Crosstour, this low-slung segment buster shares a platform with the Escape. Power comes from a turbocharged 2.0-liter four, and inside, a massive screen stretches nearly the width of the dash. More

The British car manufacturer Lotus is already owned by Geely, and now the company has announced it will merge with L Catterton Asia Acquisition Corp., which is a SPAC or special acquisition company.The combined company is expected to keep the name of Lotus Technology Inc., with an estimated combined enterprise value of approximately $5.4 billion.Geely and other current Lotus owners are expected to retain their interests in the merged entity and hold a combined 89.7 percent. Ordinary shares for Lotus are expected to be listed on the NASDAQ under the ticker symbol “LOT” after the IPO. Lotus is going public, yet on the surface little will change: Parent company Geely and its co-owners are expected to retain an 89.7 percent majority share of the company. Ordinary shares for Lotus are expected to be listed on the NASDAQ exchange under the ticker symbol “LOT” after the IPO. Interestingly, the new acquisition company, or SPAC, that’s buying in to Lotus is associated with Bernard Arnault and his France-based luxury goods giant LVMH, which owns companies that make everything from champagne to haute couture clothing.More on LotusNew Feel, Same NameAfter the deal goes through with the special-purpose acquisition company (SPAC), L Catterton Asia Acquisition Corp., Lotus is expected to retain its name “Lotus Technology Inc.” with a new enterprise evaluation of roughly $5.4 billion. That evaluation takes into account an estimated $288 million in cash from Catterton’s trust account (assuming none of that firm’s public shareholders elect to redeem their shares), according to a release from Lotus.Eletre SUV Plans Look to Be on TrackGeely CEO Qingfeng Feng will continue to helm the ship, and production plans do not seem to have changed. When we asked Lotus about how the merger will affect short- and long-term production plans, we were directed to the official release here. As things stand, the Eletre SUV is still expected to begin delivery in China in the first quarter of this year, and in the U.K. and Europe later in the year. It seems the U.S. and the rest of the world will need to sit patient, with Lotus still planning global delivery in 2024. The push to go public is part of a larger narrative between Lotus and Geely trying to improve the company’s reach on a global scale. To that end, prospects seem high for the British outfit as it heads public. Managing director Matt Windle told us in December that Lotus received more than 10,000 orders for its new Emira, with over a third of those sales coming stateside. On top of that, in the span between Goodwood 2021, when the Emira launched, and Goodwood 2022, Lotus sold more cars than it had in the previous six years combined. A Colorful History of OwnershipLotus has changed hands a few times since Colin Chapman founded it in 1952. Following Chapman’s death, the company teetered on the edge of bankruptcy before being purchased by General Motors and Toyota. The company was eventually sold to the Italian businessman Romano Artioli who also owned Bugatti at the time.In 2017, Zhejiang Geely Holding Group (more commonly known as Geely) purchased a 51 percent stake in Lotus. In the years since, Geely has poured hundreds of millions of dollars into bringing Lotus into the modern era of car manufacturing.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More

McLaren is expected to replace the retired 720S with a new model called the 750S, as first reported by Automotive News. The report claims the 750S will gain 30 hp and be a “little more aggressive” than the outgoing 720S.Along with new design details inside and out, the 2024 McLaren 750S is slated to go on sale later this year starting at roughly $340K.When McLaren officially said goodbye to the 720S at the end of last year, we knew a successor was on the way, but we didn’t know anything about it. That changes with today’s news that McLaren is expected to call the 720’s replacement the 750S, per a scoop by Automotive News.Mightier V-8 and Sharper HandlingCiting an anonymous source with inside information, the AN report claims the 750S will share the same platform and powertrain with its predecessor, but the new model will have myriad enhancements. For example, the twin-turbo 4.0-liter V-8 will carry over to the 750S, but the engine is said to have revisions that add 30 horsepower, increasing output from 710 to 740 hp.720S at VIR.Car and Driver765LT at VIR.Car and DriverThe 720S was already a wonderful track car—as we experienced first-hand at our 2018 Lightning Lap event. Still, it wasn’t nearly as intense in that regard as the McLaren 765LT we lapped. The 750S is expected to fall somewhere between those two on the performance spectrum, suggesting it’ll have sharper handling than the 720S but won’t be as brutish as the 765LT.New Looks Outside and InWe don’t yet know what the 750S’s exterior will look like, but the AN story paints a picture of a machine that’ll draw from newer McLaren models as well as still resemble the car it’s replacing. There’s talk of a revised front bumper, bigger side air intakes, and a larger active rear wing à la the 765LT. Of course, new paint options and different wheel designs will surely be part of the package.Inside, the 750S will likely take inspiration from the new plug-in-hybrid McLaren Artura and even the wild windshield-less Elva. The 750S is said to have a similar steering-column-mounted gauge cluster as those two, and switchgear for selectable drive modes and such will now be found on the cluster’s bezel.Coupe and Spider Coming This Fall Even before we knew the name of the 720S’s replacement, Nicolas Brown, McLaren’s president of the Americas region, earlier this year told AN the new car was already sold out “through deep 2024.” Today’s news also suggests what most of us could figure out on our own: The 750S will be super expensive, with AN’s source saying it’ll likely cost 10 percent more than its predecessor. The 2023 720S coupe started at $310,500, so it’s safe to say the 750S coupe will cost at least $340K.Unlike with previous McLaren launches, the upcoming 750S is said to debut with both coupe and spider (read: convertible) body styles. An official reveal is said to be coming later this month, with production supposedly slated to start this September. A McLaren spokesperson has yet to respond to our request to confirm the new model will, in fact, be called the 750S.This content is imported from poll. You may be able to find the same content in another format, or you may be able to find more information, at their web site. More