Industry News
BAIC sells 5,735 NEVs in March, up 439% year-on-year
BJEV sold 5,735 units in March, up 24.8 percent from 1,012 units in the same month last year and up 354 percent from 1,263 units in February.
Geely sells 15,557 NEVs in March, up 175% from a year ago
Geely Group sold 11,900 BEVs including battery swap-enabled models in March, up 538 percent from 1,864 in the same month last year.
Chery raises NEV prices again, only three weeks from last time
This is because the cost of some models continues to increase due to the impact of the sharp increase in the price of raw materials including batteries and chips.
Arcfox to increase prices from May 1
That's because of rising raw material prices and reduced state subsidies for NEV purchases, Arcfox said.
Chongqing Sokon sells 7,451 NEVs in March, up 165% year-on-year
Seres, Sokon's brand that partners with Huawei, sold 3,160 units in March, up 1,310.71 percent year-on-year.
EV stocks rise in Hong Kong as market sees overall rebound
Nio has extended its gains to 13.5 percent, a new high since it went public in Hong Kong. Xpeng and Li Auto are both up over 10 percent.
Fitch says China EV deliveries to remain strong despite rising prices
"Fitch believes the prospects for China's EV market are bright, given still-strong demand," the credit rating firm said.
Deutsche Bank on Chinese EV startup 'Fab 5' deliveries: Impact of Covid lockdown limited
Edison Yu's team does not expect raw material price increases to have a materially negative impact on EV demand, considering that many ICE vehicle prices are also rising.
Beijing auto show, originally scheduled for late this month, confirmed to be delayed
The event's organizing committee did not provide a new date, saying only that the exact date will be announced in the future.
Mercedes-Benz raises prices of multiple models in China
Mercedes-Benz notified dealers today that it is raising the official guide prices of its models by RMB 3,000 to RMB 76,000 due to a significant increase in raw material prices and global supply chain shortages.
