Industry News
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.
Evergrande aims to see mass production of its first EV model, Hengchi 5, within three months
Hengchi 5 must be in mass production by June 22, Hui Ka Yan, or Xu Jiayin, chairman of Evergrande Group, said Tuesday.
CAAM has included raw material price inflation in its monitoring, senior official says
Regulators have taken a clear stand against unfair competition and have made it clear they will firmly crackdown on such behavior, a senior CAAM official said.
Chinese regulators reportedly ask some US-listed companies to prepare for audit disclosures
Chinese regulators are considering a proposal to allow their US counterparts to inspect audit working papers of some Chinese companies that do not collect sensitive data, according to Reuters.
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.