Industry News
China's 2024 NEV sales expected to reach 11.5 million, says CAAM secretary-general
A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent.
Chinese automakers to capture 1/3 of global auto market by 2030, says AlixPartners
Chinese automakers are taking center stage and setting new benchmarks for an industry historically steered by the West, Japan, and South Korea, AlixPartners said.
MG unveils new electric sports car MG Cyber GTS at Goodwood Festival of Speed in UK
The MG Cyber GTS, unveiled at the Goodwood Festival of Speed 2024 in the UK, is a two-door, four-seat hardtop sports car.
Lexus to equip its EVs with LiDARs from RoboSense, report says
In the meantime, Xpeng, one of the first EV makers to use LiDARs, will ditch the component on its upcoming new model, the P7+.
Geely's electric pickup brand Radar opens 1st overseas subsidiary in Thailand
Radar's products will operate in Thailand under the new brand name Riddara and will be presented at the 41st Thailand international auto show, which will be held in November.
China NEV retail at 130,000 in Jul 1-7, up 3% from same period last month
China's NEV retail penetration stood at 47.44 percent in July 1-7, and 41.95 percent year-to-date.
China NEV sales back above 1 million in Jun, CAAM data show
China sold 612,000 BEVs and a record 436,000 PHEVs in June.
SAIC-GM-Wuling launches Binguo EV in Thailand, prices start at $11,510
The Binguo EV is now available in four variants in China with a starting price of RMB 56,800 ($7,810).
China's NEV ownership reaches 24.72 million by end of Jun
As of the end of June 2024, China's BEV ownership amounted to 18.134 million vehicles, accounting for 73.35 percent of the total NEVs.
China NEV retail rises to 856,000 in Jun, penetration hits another record at 48.4%
Retail sales of BEVs in June were 493,000 units, down 0.5 percent from May, while PHEVs were 363,000 units, up 17.4 percent from May.
