SAIC says it is taking steps to reduce impact of chip shortage
Although the chip shortage will continue for some time, SAIC has the advantage of a strong industry chain system and will work with the industry to overcome the difficulties, the company said.
Industrial park jointly built by Nio and Hefei to start construction on April 29
It's a world-class industrial park that involves research and development, manufacturing, lifestyle services, and automotive culture, Li said.
China's March auto sales forecast at 2.38 million units, up 64% from February
China's January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier.
BYD unveils four electric car models, all with blade batteries
Wang Chuanfu, BYD's founder and chairman of the board, said the company's electric vehicle models will all use blade batteries, and all batteries will be tested with pinpricks.
BYD Han's March sales reach 10,323 units, up 105% from February
It's worth noting that BYD Han includes the all-electric Han EV as well as the hybrid Han DM, and the sales figures include both models.
Geely's Zeekr brand's first model could be unveiled this month and go on sale in August
The car's pricing makes it a potential competitor to the Nio ET7, which is priced from RMB 448,000 before subsidies for delivery in the first quarter of 2022.
Auto expert now expects chip shortages to take nine months to a year to ease
From traditional car companies like Volkswagen to emerging car companies like Nio, all are facing the impact of chip shortages this year. Now it seems that the supply and demand imbalance may last longer than originally expected.
SAIC reportedly cutting production by 200,000 vehicles due to chip shortage
The figure is equivalent to 3.6 percent of the company's sales of 5.6 million vehicles last year and 3.2 percent of this year's sales target of 6.17 million vehicles.
Xiaomi says its cars will be priced in RMB 100,000-300,000 range
Xiaomi's phones are highly competitive for their strong performance at low prices, and now its fans want the company to bring that tradition to the car segment as well. The company seems inclined to heed this user suggestion.
Analysts say China's smart car industry's 'Warring States Era' has just begun
With the addition of technology companies, the "Warring States Era" of China's industry has begun, the analysts said.