German Auto

BMW announced on January 27 that it is adjusting the price of its all-electric SUV, the BMW iX3, in a move believed to be a response to the Tesla Model Y's pricing in China to secure sales.

FAW-Volkswagen announced on January 19 that it has opened pre-orders for its first all-electric SUV, the ID.4 CROZZ, and announced a starting price of RMB 199,900 ($30,854) after subsidies.

Automobile markets have now recovered significantly and the industry faces a shortage of the electronic components required.

Volkswagen's new all-electric compact SUV, the Volkswagen ID.4, will be released in China on November 3, according to industry media Evzhidao.com.

The new energy vehicle plant of SAIC-Volkswagen, a joint venture between Volkswagen Group and SAIC Motor, in Shanghai is scheduled to go into production in October 2020, and is currently the largest and most efficient pure electric vehicle plant in China.

BMW on Sunday unveiled the iX3, the first all-electric midsize SUV in the history of the BMW Group, and the first product to be sold to the global market with China as the sole manufacturing base.

Volkswagen has officially started internal testing of its ID.3 electric car.

BMW and State Grid EV Service signed a cooperation agreement, the two sides will open strategic cooperation in three areas: charging technology research and innovation, charging service product cooperation and promotion, and promoting "new energy power for new energy vehicles".

Volkswagen AG is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), Reuters reported Wednesday citing people familiar with the matter.