Chinese automakers can now start trading their NEV credits, what does this mean for Nio, Xpeng, and Li Auto?
Car companies including Nio, Xpeng Motors, Li Auto, Tesla China, and BYD have accumulated a lot of new energy credits last year, and now they can start trading them.
These are top 10 best-selling NEV models in China in June
The Wuling Hongguang Mini EV remained the best-selling new energy vehicle (NEV) model in China with 29,143 units sold in June, up 12.56 percent from May.
Shenzhen considers policies to facilitate NEV owners to purchase additional vehicles
Shenzhen will actively expand local auto consumption by considering policies to facilitate the purchase of additional small vehicles by owners of NEVs.
Nio ES6, Li ONE, Xpeng G3 earn top ranking in J.D. Power quality survey
The Nio ES6 ranked highest in the luxury pure electric segment, the Li Auto's only model, the Li ONE, ranked first in the mainstream plug-in hybrid market, and the Xpeng G3 ranked first in the compact pure electric market.
CICC expects global power battery demand to grow at CAGR of over 50% in next five years
As the capacity of power batteries equipped in vehicles increases, global power battery demand will continue to grow faster than new energy vehicle demand, said CICC.
China's H1 NEV sales exceed 1.2 million units
China's new energy vehicle (NEV) sales from January to June were 1.206 million units, up 2 times year-over-year and 92.3 percent from the same period in 2019.
Tesla allows free use of Superchargers in Henan during disaster relief
Many car companies in China have announced support policies for customers in Henan province, which was hit by heavy rains and flooding, and Tesla is no exception.
CITIC Securities raises its forecast for NEV sales in China to 2.83 million units in 2021
In a research note released Thursday, CITIC Securities raised its China 2021 NEV sales forecast to 2.83 million units from 2.49 million units, implying a 121 percent increase from 2020.
Aulton's first battery swap stations with Sinopec go into operation
In addition to its partnership with Nio on battery swap station construction, China's fossil fuel giant Sinopec Group is moving forward with similar partnerships with other companies.
Chery's plans to enter US suffer setback as its partner files for bankruptcy
Chery Automobile's plans to enter the United States have been thwarted as its partner, California-based car dealer HAAH Automotive, has filed for bankruptcy on July 19, yicai.com reported Wednesday.