Industry News
China Jul NEV wholesale at 950,000, down 3% from Jun, CPCA estimates show
July was traditionally a slow production season, while a lack of demand and extreme weather in some regions led to overall weakness in the auto market, according to the CPCA.
Audi's new EV series for China won't feature signature four-ring logo, report says
The new EV series, internally codenamed "Purple," will have a concept car unveiled in November, when Audi will explain the series' "brand story," according to Reuters.
GAC Aion sub-brand Hyper sees SSR supercar's overseas edition roll off line
The overseas version of the Hyper SSR rolled off the production line on August 1, and the supercar is expected to begin deliveries in Southeast Asia later this month.
China NEV retail at 722,000 in Jul 1-28, down 5% from same period last month
China's retail penetration of NEVs stood at 51.86 percent in the July 1-28 period, and 43.05 percent year-to-date.
CPCA expects China's Jul NEV retail at 860,000, penetration to rise further to 49.7%
China's passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said.
Honda to cut gas car capacity in China, 2 EV plants to start production within this year
Honda will reduce its gasoline vehicle production capacity in China by 290,000 units and expects two new EV plants to start production in September and November, respectively.
Changan's NEV unit Deepal launches global model S07, starting at $20,730 in China
The Deepal S07 SUV, available in EREV and BEV variants, replaces the S7 to better align with the company's global strategy.
China NEV retail at 461,000 in Jul 1-21, down 2% from same period last month
China's retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date.
Lexus seeks to build wholly-owned plant in China, starting with production of UX hybrid and 1 BEV, report says
The models will be sold in China and also to overseas markets such as Japan, according to local media.
GAC Aion launches updated Aion V SUV to target global markets
The updated Aion V is GAC Aion's first model to be built in both its China and Thailand factories, and GAC Aion said the model will be available in a battery swap-enabled variant in the future.
