Industry News
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.
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.