Industry News
China Apr NEV wholesale at 800,000, down 2% from Mar, CPCA estimates show
Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.
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Local Chinese carmaker's overseas sales up 40% in Q1; SAIC, Chery contribute lion's share
Xpeng had overseas sales of 1,783 units, Nio 388 units and Leapmotor 271 units in the first quarter.
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Great Wall Motor delays target of 1 million annual overseas sales from 2025 to 2030
Great Wall Motor plans to achieve overseas sales of over 1 million units by 2030, with premium models accounting for more than 1/3 of the total, it said.
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China's new energy products do not have overcapacity, but undersupply, state paper says
China's new energy industry provides high-quality production capacity that enriches global supply and eases global inflationary pressures, and the world needs more of such high-qua
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HiPhi reportedly to resume production soon after securing new financing
HiPhi has recently received a strategic investment from a Hong Kong-based organization that will help it resume operations and production, which could happen in late April or early
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China offers incentives to boost old car replacements, analysts expect up to 2 million additional sales
China has issued policy details encouraging consumers to trade in old cars for new ones, starting to offer subsidies of up to RMB 10,000 ($1,380), effective by the end of the year.
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CPCA expects China's NEV retail sales at 720,000 in Apr, flat from Mar
Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.
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2024 Beijing auto show: Media day press briefing schedule
Xiaomi's press event will be held at 9:20 - 9:40, Nio at 10:00 - 10:20 and BYD at 11:40 - 12:00.
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China's NEV retail at 420,000 in Apr 1-21, down 2% from same period last month
China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.
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Nio's semi-solid-state battery supplier WeLion and JAC unit to jointly make EVs with up to 1,000 km range
WeLion and JAC Yiwei will work together to develop a model powered by 4695 large cylindrical semi-solid battery cells with a range of 600 km to 1,000 km.
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