Industry News
China May NEV wholesale at 910,000, up 16% from Apr, CPCA estimates show
In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.
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Geely, STMicro sign SiC device supply deal
STMicro said it will supply SiC power devices for Geely's multiple brands of mid- to high-end all-electric vehicles, helping to boost performance, speed up charging and extend rang
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Baidu-backed Jiyue launches new long-range variant for sole model on sale
The new variant of the Jiyue 01 has a CLTC range of 720 kilometers and a starting price of RMB 249,900 ($34,510), which sits in the middle of the two previously available variants.
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Great Wall Motor to close European headquarters, report says
Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.
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China NEV retail at 574,000 in May 1-26, up 2% from same period last month
China's retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date.
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CPCA expects China's May NEV retail at 770,000, penetration at record 46.6%
China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.
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China NEV retail at 412,000 in May 1-19, up 10% from same period last month
China's retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date.
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SAIC, Audi formally sign tie-up deal, 1st jointly developed EV due to hit market in 2025
SAIC and Audi are combining their resources to jointly develop a series of EV models, with the first product expected to go on sale in 2025.
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China NEV retail at 241,000 in May 1-12, up 10% from same period last month
China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
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Xiaomi EV plans to start double-shift production in Jun, report says
Xiaomi EV plans to increase its daily production time from 8 hours to 16 hours starting in June, with monthly production capacity expected to rise to nearly 20,000 units, according
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