Industry

Audi Q4 e-tron starts pre-sale in China, prices start from about $44,940
In addition to the pre-sale of the regular versions, Audi announced the official launch of the pioneer version of the Q4 e-tron, but limited to 520 units.
SAIC's Rising Auto to use Huawei's head-up display system in its R7 SUV
The AR-HUD system offers a 13°*5° field of view, the world's largest, to create a flat-screen AV experience while parked 7.5 meters in front of the driver.
Evergrande denies pushing back pre-sale of first model, but delays planned mass production
Hengchi 5's scheduled June 22 mass production date has been adjusted to September 20.
China's passenger car retail sales fall 21% year-on-year in first half of May
The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.
BREAKING: China mulls extending EV subsidies due to expire at year-end, report says
China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.
China expected to introduce new policies to boost rural car consumption in early June, report says
China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs, according to local media.
SAIC Audi's Q5 e-tron SUV goes on sale in China with starting price of about $55,760
SAIC Audi's Q5 e-tron has a pricing range that overlaps significantly with the NIO ES6, but the specs look lower.
Evergrande's first EV model, Hengchi 5, reportedly to open for pre-order on May 20
The Hengchi 5 will initially be sold in small numbers to individual customers and will be used mainly in the ride-hailing market, local media reports said.
China-led Phoenix Motor sputters with watered down US listing plan
Electric vehicle maker aims to raise $20 million from its Nasdaq IPO, down from a previous $150 million target, which is only enough to fund its operations for a year.
Porsche recalls 6,072 Taycan EVs in China
Some of the vehicles may have rear seat belt latch harnesses that are not properly wired, resulting in child seats not being properly installed in the rear right seat.