Industry News
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.
Jidu to unveil robot car concept on June 8
Jidu said its robot car design is inspired by spaceships, with advanced self-driving capabilities and an ultra-intelligent cockpit.
Shanghai aims to have life fully back to normal from Covid in June
Shanghai's next Covid prevention and control will be divided into three phases, with the goal of a full return to normal life and company production order in June.
Shanghai will start phased resumption of businesses from May 16
Shopping centers, department stores, supermarkets, convenience stores and other commercial outlets will be gradually resuming offline operations in an orderly manner.
WM Motor delivers 3,309 vehicles in April, down 40% from March
Supply chains across China are in disruption because of the Covid outbreak, and WM Motor's manufacturing sites in Wenzhou and Huanggang have inevitably been affected, it said.