Industry News
Premium Chinese EV brand HiPhi sells 550 units in Jan, down 40% from Dec
HiPhi's only model currently on sale, the HiPhi X, has a starting price of RMB 570,000 ($90,000).
Apple supplier Luxshare plans to form JV with Chery to produce EVs
Luxshare's controlling shareholder will buy part of the stakes in Chery Holdings and two other companies for RMB 10 billion.
Further Reading: It's the best time for China's local luxury car brands to rise
China's homegrown luxury brands see the best time to rise as disruptive innovation leaves legacy carmakers facing great uncertainty.
Evergrande's Hengchi 5 once again enters regulatory list for public comment
After a series of twists and turns late last year, the Hengchi 5 has once again made it onto a regulatory list for comment, setting the stage for its official launch.
Great Wall Motor to enter four additional Southeast Asian markets this year
Great Wall Motor has already entered four ASEAN countries, Thailand, Brunei, Laos and Myanmar, and will launch regular operations in Malaysia, Vietnam, the Philippines and Singapore in 2022.
SAIC sells 72,236 NEVs in Jan, up 25.5% year-on-year
This is a 23.53 percent drop from 94,460 units in December last year.
Geely sells 17,928 NEVs in Jan, up 318% from a year ago
Geely sold 15,442 battery electric vehicles in January, including models that support battery swap.
Mercedes-Benz named by Chinese banking regulator for its auto finance unit's infringement of consumer rights
In 2019, Mercedes-Benz Auto Finance was fined RMB 800,000 after a user complaint brought it into the spotlight.
WM Motor sued for allegedly reducing available battery capacity without user consent
Some owners believe that the matter is related to WM Motor's previous multiple battery safety incidents.
Spy photos show Lotus doing road testing of Type 132 SUV
Late last month, Lotus began hiring for dozens of positions in China, saying "Type 132 is coming to life," signaling that its first all-electric model may not be too far away from being announced.