Industry News
Defunct Rise Education reborn as EV charging company
Former education company backed by Bain Capital rises from the ashes through a reverse merger with the electric vehicle charging business of NewLink, another Bain-backed Chinese company.
Further Reading: How does Shanghai's auto market fare after life returns to normal from Covid?
Nio's ET7 seems to be continuing to draw Shanghai customers to its stores, while WM Motor, Volkswagen, Toyota, GM, and GAC Aion are seeing fewer visitors in their stores.
Hanma, controlled by Geely, will stop production of ICE vehicles in December 2025 to focus on NEVs
Hanma's Shanghai-traded shares rose by the 10 percent daily limit Wednesday, bringing its cumulative gain since the April 27 low to 50 percent.
Voyah becomes latest Chinese EV maker to tap Norway's market
Norwegian customers will be able to test drive the Voyah FREE in July-August, with deliveries expected to begin in the fourth quarter.
Firm under Geely's umbrella plans to buy 79% stake in phone maker Meizu, regulatory filing shows
Meizu was one of the first smartphone makers in China, established before Xiaomi.
China's NEV sales up 49.6% in May from April, CAAM data show
China's auto industry as a whole still reported lower sales in May compared to a year ago, despite an improvement from April.
SAIC-GM-Wuling to unveil first model to use DJI's smart driving system
The model could be based on the Baojun KiWi EV and equipped with DJI's D80/D80+ smart driving system.
China's wholesale sales of passenger NEVs up 49.8% in May from April, CPCA data show
China's NEV industry has been hit by the current epidemic, but the year-on-year improvement has exceeded expectations, the CPCA said.
Jidu's first production vehicle will be SUV to compete with Tesla Model Y
Jidu's first production model is positioned as a mid-size SUV that will be a generation ahead of Tesla in terms of intelligence, according to its CEO.
Jidu unveils ROBO-01, a robot car concept with futuristic design
Jidu unveiled the ROBO-01 in Baidu's metauniverse platform XiRang, featuring ultra-high specs and a futuristic design.
