Phate Zhang
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China waives about $6 billion worth of NEV purchase taxes in Jan-July
China's policy is expected to exempt about RMB 100 billion of NEV purchase taxes next year.
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BYD's order backlog reaches 700,000 units, aims for 280,000 monthly deliveries by year-end
The latest US subsidy bill is discriminatory, and if the US government insists on this policy, BYD will consider temporarily abandoning the US market.
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China FAW said to use self-driving chips from local maker Cambricon
Cambricon's first self-driving chip has been taped out and is expected to be in mass production later this year, according to local media.
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Xiaomi's first model will be LiDAR-equipped sedan, report says
Xiaomi founder Lei Jun is convinced that the endgame of competition in the EV industry is autonomous driving, and that LiDARs are the key sensors to achieve high-level autonomous driving.
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Nvidia says it got US permit to export key chips in updated filing
The US government authorized A100 and H100 order fulfillment and logistics through the company's Hong Kong facility through September 1, 2023, Nvidia said.
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China EV sales: Better than feared but new concerns emerging
The delivery numbers themselves don't have any major negative surprises, but other developments are hurting stocks, including the Nvidia chip ban and the Chengdu Covid lockdown.
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Leapmotor delivers record 12,525 vehicles in Aug, up 4% from July
From January to August, Leapmotor delivered 76,563 vehicles, up 249 percent from 21,937 in the same period last year.
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Huawei-backed AITO delivers 10,045 vehicles in Aug, to launch M5 EV on Sept 6
The AITO M5 EV will be officially launched on September 6 at Huawei's fall launch event.
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Li Auto to launch and begin deliveries of Li L8 in Nov
Li Auto announced today that it will launch the new SUV Li L8 in early November and deliveries will begin the same month.
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Tesla's China-made vehicle sales expected to be 77,000 units in Aug, CPCA official says
Although Tesla encountered brief pressure on parts supply, production was strong after the end of July, Cui Dongshu said.









