Industry News
Covid brings about 20% loss to China's auto production, CPCA secretary general says
In April, production and sales in China's auto industry continued to face uncertainty, the CPCA said.
China's NEV sales rise 114% year-on-year to 484,000 units in March, CAAM data show
China's auto industry is facing higher costs and a lack of consumer momentum, but production and sales of NEVs have continued their rapid growth, the CAAM said.
April could be lost month for Chinese EV makers as Covid situation worsens, says Deutsche Bank
Deutsche Bank analyst Edison Yu's team expects sales of EVs to fall across the board in April and may also be affected in May, leading to a broad downward revision of second-quarter volumes.
China sees wholesale sales of passenger NEVs at 455,000 units in March, up 122% year-on-year
Due to the price hikes, NEV orders before the price hikes performed well, with ample orders overall, the CPCA said.
EV stocks plunge in Hong Kong as Covid curbs disrupt supply chain
Nio said on Saturday that it has suspended production as Covid has caused partners in its supply chain to shut down production.
Great Wall Motor's Ora brand sells 14,264 vehicles in March, up 9% year-on-year
Post-subsidy prices for all versions of the 2022 Ora Good Cat model were raised by RMB 6,000-7,000 ($1,100) effective March 23.
SAIC sells 74,509 NEVs in March, up 20% year-on-year
SAIC sold 443,045 units of all vehicles in March, with NEV sales contributing 16.8 percent.
JAC sells 14,264 EVs in March, up 55% year-on-year
This represents a 55 percent increase over the 9,200 units sold in the same month last year and a 39 percent increase over the 10,251 units sold in February.
Voyah starts Dream MPV pre-sales with prices starting at about $60,000
Voyah said the MPV received more than 2,000 pre-sales orders in five hours.
Price hikes have manageable impact on NEV demand in China, analysts say
Demand remains firm as consumers expect EVs to continue to rise in prices, with waiting times generally at 2-3 months, according to a team of local analysts.
