Industry News
China Jun NEV wholesale at 970,000, up 8% from May, CPCA estimates show
In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.
Toyota seeks to build EV plant in Shanghai, hoping for Tesla-like treatment, report says
Toyota is in discussions with Shanghai authorities about the possibility of building a wholly owned factory to produce Lexus' EVs, according to Bloomberg.
BeyonCa to set up global headquarters and EV plant in HK
BeyonCa, which operates mainly in Beijing, hopes to become the first international luxury EV brand to be "Made in Hong Kong".
China EV production projected to exceed 10 million units in 2024
China's NEV production reached 8.91 million units in 2023, up 34.15 percent year-on-year.
China NEV retail at 534,000 in Jun 1-23, up 7% from same period last month
China's NEV retail penetration was 49.12 percent for June 1-23, and 41.36 percent year-to-date.
Toyota to adopt local startup Momenta's driver assistance solution in China
GAC Toyota and Momenta have jointly created a full-scenario smart driving solution, and the bZ3X will be the first to feature it.
Geely unit LEVC launches L380 electric MPV in China, prices start at $52,300
LEVC, the maker of London's black cabs, is one of the brands owned by Geely in addition to Lotus, Zeekr, Volvo and Polestar.
Mercedes-Benz recalls 2,380 EQ series EVs in China due to risk of power loss while driving
Due to a software deviation, some of the vehicles included in the recall may experience a high-voltage battery disconnection, which could cause the vehicle to lose power while driving.
Avatr enters UAE auto market by partnering with local dealer
Avatr will enter more than 40 countries in Southeast Asia and the Middle East, aiming to open more than 90 officially authorized stores and will also enter the European market, it said.
CPCA expects China's Jun NEV retail at 860,000, with record 49.1% penetration
China's June retail sales of NEVs are set to be the second highest on record, further approaching last December's record high.
