Lei Kang

Discounts on passenger cars in China continued to expand in April, but the industry is seeing some positive changes heading into May.

In September 2022, Geely Holding spent about £66 million to acquire a 7.60 percent stake in Aston Martin.

The upgrade will be available starting May 31 and will cost owners RMB 1,980.

Volkswagen is one of the top-selling car companies in China, but it is lagging behind local carmakers in the country's NEV market.

A government document voices support for NEV development in rural areas in terms of NEV purchases, charging infrastructure development, and consumer education.

Nio and Shell signed a strategic partnership agreement in November 2021 to collaborate on charging and battery swap facilities in China and Europe.

Deliveries of the Zeekr 009 MPV with CATL Qilin Battery had begun on April 17.

The Haval brand was for a long time the top-selling in the SUV market in China, but with the rapid growth of the NEV industry, it has lost its dominance to BYD.

Since October 2021, BYD has acquired five mega industrial sites in the Shenzhen-Shanwei Special Cooperation Zone, with a combined area of more than 4.1 million square meters.

To date, Li Auto has 13 supercharging stations and aims to have more than 300 by the end of the year.