Industry News
WM Motor delivers 5,516 vehicles in March, up 211% year-on-year
Some of WM Motor's models saw price increases on March 1, amid price hikes by many Chinese automakers.
HiPhi sells 459 units in March, up 29% from Feb
In the luxury pure electric vehicle market priced above RMB 500,000, HiPhi achieved a 28 percent market share in the first quarter, it claimed.
BMW raises prices in China after Mercedes-Benz
The prices of several models, including the BMW 3 Series and X3, have been raised by RMB 1,600 ($250) - 11,000, and some adjustments have been made to the specification information.
EV stocks rebound in Hong Kong after Monday's sell-off
At press time, Nio is up 10 percent, Xpeng is up 6.69 percent and Li Auto is up 6 percent.
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.