Industry News
Further Reading: German luxury automakers' EV models in China -- No one cares, even their salespeople
BMW, Mercedes-Benz and Audi's NEVs are not selling well in China, even salespeople don't recommend them to customers, and some stores sell only one a month.
SAIC reportedly to launch stress test for production resumption on April 18
SAIC is conducting an internal assessment, which is expected to allow production to restart with the Covid lockdown still in place.
Guangdong aims to have 250,000 public charging piles by end of 2025
Guangdong aims to have a convenient, efficient and moderately advanced charging network system in place by the end of 2025.
Ford delivers 969 Mustang Mach-E units in China in March
Ford unveiled the Mustang Mach-E in China last April and made its first delivery on December 26.
Ford to raise Mustang Mach-E prices in China by up to $3,530
Ford's Mustang Mach-E is set to see a price hike in China, ranging from 7,000 to 22,500 yuan ($3,530) depending on the model.
Further Reading: How does Shanghai's auto industry fare under Covid?
Nio Shanghai provided online service guidance and skills training for service specialists from April 1 to April 3, and conducted 39 live online events since March.
WM Motor delivers 5,516 vehicles in March, up 211% year-on-year
Some of WM Motor's models saw price increases on March 1, amid price hikes by many Chinese automakers.
HiPhi sells 459 units in March, up 29% from Feb
In the luxury pure electric vehicle market priced above RMB 500,000, HiPhi achieved a 28 percent market share in the first quarter, it claimed.
BMW raises prices in China after Mercedes-Benz
The prices of several models, including the BMW 3 Series and X3, have been raised by RMB 1,600 ($250) - 11,000, and some adjustments have been made to the specification information.
EV stocks rebound in Hong Kong after Monday's sell-off
At press time, Nio is up 10 percent, Xpeng is up 6.69 percent and Li Auto is up 6 percent.
