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Beijing auto show, scheduled for end of April, may be delayed to June
The Beijing auto show, originally scheduled for the end of April, may be postponed until June because of the Covid pandemic causing many carmakers to possibly not arrive on time, local media said.
E-scooter maker Niu Technologies to raise prices by up to $157
Niu Technologies, which prices most of its products below RMB 5,000, blames the move on a sharp increase in upstream raw material prices.
SAIC's Rising Auto sees first major production milestone for its battery swap-enabled R7 SUV
Rising Auto unveiled the R7 on February 22, becoming the second carmaker after Nio to offer a battery swap-enabled model to the general public.
Volkswagen plans to set up JVs focused on nickel and cobalt production with two Chinese firms
Volkswagen plans to set up a joint venture with Huayou Cobalt and Tsingshan Group in Indonesia and a joint venture with Huayou Cobalt in Guangxi, China.
Nio Capital closes new fund raising of about $400 million
Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size of the first tranche.
WM Motor raises prices further by up to $4,090
After raising the prices of some models on March 1, WM Motor will raise prices again by 7,000 to 26,000 yuan ($4,090) starting March 28.
Honda's first EV model in China, e:NS1, opens for pre-orders with prices starting at around $28,300
Dongfeng Honda is offering two versions of the e:NS1 with ranges of 420 km and 510 km, respectively, and a pre-sale price range of RMB 180,000 to 210,000.
US, China securities regulators hold talks on audit issues, report says
The two sides plan to further strengthen communication and reach arrangements as soon as possible within a framework that is consistent with their respective laws.
Chery raises prices of its budget EV models by up to $1,120
The price range for these budget models is RMB 29,900 - RMB 81,900, and the increase is close to 10 percent for several models.
Honda's first EV model in China, e:NS1, to open for pre-order on March 18
Honda is ramping up its marketing efforts as the e:NS1 is about to open for pre-orders.