EV Industry

In the public perception, electric vehicles (EVs) do not use fossil fuels, so they will be more low-carbon and environmentally friendly than conventional vehicles. But in one expert's opinion, that's not the case at this stage.

Automakers in China have 4.37 million positive points and 1.07 million negative points for new energy vehicles in 2020 under the dual credit policy.

After several upward revisions to its forecast, the China Passenger Car Association expects China's new energy vehicle sales to reach 2.4 million units this year. Now, a report is offering an even higher forecast.

WM Motor, one of the most closely watched new car makers in China, has been questioned for lagging behind its peers this year as it stopped releasing sales figures. Now the company has finally broken its silence.

Although Chinese electric vehicle startup WM Motor hasn't had as strong a year as its local counterparts, including Nio, that hasn't affected its business layout.

The first transaction was successfully concluded at 9:30 am at RMB 52.78 ($8.1) per ton, with a total of 160,000 tons traded at a value of RMB 7.9 million.

TSMC said its MCU production in the first six months of the year rose 30 percent over the same period last year, and the company will increase MCU production by nearly 60 percent this year compared with last year.

The Enovate ME5, a compact SUV with extended-range technology, was launched on July 13, with two versions priced at 149,900 RMB ($23,200) and 159,900 RMB respectively.

The car will have powerful self-driving hardware with multiple LiDARs and 500-1000 TOPS of computing power.

That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.