Industry News
Soaring Nickel prices become new concern for EV industry
CICC believes that a nickel price increase from $20,000 to $50,000 per ton would increase the cost of an EV with a 60-kWh battery pack by about $1,580.
Great Wall Motor's Ora brand sells 6,261 vehicles in Feb, down 15% year-on-year
Ora stopped taking orders for its lower-priced Black Cat and White Cat models in mid-February, saying they were causing losses for the company.
Mercedes-Benz EQC recall plan in China fails to quell customer discontent
Mercedes-Benz had planned to recall a total of 10,104 EQC vehicles from August 15, but many owners have asked the company to advance that process with new demands.
China's wholesale sales of passenger NEVs at 317,000 units in Feb, up 189% year-on-year
The penetration rate of NEVs in wholesale sales in February was 21.8 percent, up 12.2 percentage points from 9.6 percent in February 2021.
BAIC sells 1,263 NEVs in Feb, up 25% year-on-year
BJEV produced 653 units in February, up 83.6 percent from 323 units in the same month last year. In the first two months, the company produced 1,684 units.
Property developer Country Garden invests in solid-state battery startup Talent
Country Garden's venture capital arm has invested in Chongqing Talent, which is building a 200 MWh automated production line for solid-state lithium batteries in Chongqing.
GM to build new import-focused business in China
GM aims to reach 1 million electric vehicles production capacity in China by 2025 and introduce more than 20 electric vehicles into the country.
Jidu CEO says swap stations will dominate EV power-up system
In Jidu's CEO's opinion, battery swap stations will overtake superchargers and home chargers as the primary means of replenishing energy when EVs become mainstream.
Nio's OEM JAC sells 10,251 EVs in Feb, up 57% year-on-year
This was up 57.2 percent from 6,522 in the same month last year, but down 34 percent from 15,536 in January.
Geely sells 14,501 NEVs in Feb, up 471% from a year ago
Geely sold 12,239 BEVs including battery swap-enabled models in February, up 1,430 percent from 800 in the same month last year.
