Industry News
CPCA data hints at possible weakness in China March auto sales due to Covid
Average daily retail sales of passenger cars in China fell 18 percent year-on-year in the first four weeks of March, with both the third and fourth weeks down 29 percent year-on-year.
Niutron cancels first model launch scheduled for March 31 due to Covid
More companies' new product launch plans have been derailed by the new wave of Covid outbreaks.
Voyah's MPV, scheduled for April 7 launch, postponed
The outbreak of the new Covid pandemic in China is affecting the pace of new product launches by car companies.
IM Motors, SAIC and Alibaba-backed EV brand, begins locking in orders for first model
IM Motors is expected to start allowing test drives on April 9, with first deliveries starting in late April.
Evergrande's first EV model Hengchi 5 will soon be available for pre-order
Hengchi's first showroom and sales centers will soon open in 15 key cities, including Tianjin, Shanghai and Guangzhou.
Chinese securities regulator gives more positive signals on audit issues
The CSRC held a video exchange today with some US-listed Chinese companies and investment firms to hear their views on the recent situation with China-concept stocks.
Jidu has begun development of more models, says CEO
Jidu has already begun development on subsequent models including the second and third, which will be unveiled as early as this year's Guangzhou Auto Show, the company's CEO said.
PCAOB sees no room for compromise on audit issues, report says
Market speculation about a final agreement on accounting regulation between the PCAOB and the Chinese side is premature, local media said, citing a statement.
Voyah to announce price increase on March 31
Voyah is basically telling potential consumers that if you don't place an order now, you'll face higher prices next month.
SAIC-GM-Wuling raises prices of its mini EVs by up to $1,255
Even the cheapest models are not spared in this wave of electric vehicle price hikes in China.
