Industry News
Chongqing Sokon sells 3,520 NEVs in Jan, up 176% year-on-year
Chongqing Sokon, Huawei's key partner in the automotive sector, saw its NEV sales drop 42.8 percent in January compared to 6,150 units in December.
Chongqing Sokon monthly NEV sales data update
This is Chongqing Sokon's monthly NEV sales data. The company first announced NEV sales data in June 2020.
Sinopec invests in Nio Capital's portfolio company that produces carbon fiber materials
Sinopec has acquired a 49.9 percent stake in Feize, whose core business is the manufacture of lightweight carbon fiber composites.
Volvo reportedly plans to use large die-casting process at China plants
Volvo Cars announced yesterday that it will invest $1.1 billion in upgrades to its plant in Sweden, a key one of which is the introduction of a large casting process.
Chinese New Year holiday: Charging remains headache for EV owners
With China now having three times as many NEVs as charging facilities, the difficulty of charging was once again highlighted during the holiday season.
EV startup Eezi Tech closes Pre-A funding round, aims to launch first production car this year
Rather than developing its first model from scratch, Eezi Tech has chosen to have other OEMs build it for it.
Wuling Nano EV prices up 6% on subsidy drop and cost increase
For a low-priced model like the Nano EV, a 6 percent range is noteworthy for its price-sensitive potential consumers.
China accounts for 53% of global passenger NEV sales in 2021, CPCA data show
After being overtaken by Europe in 2020, China regains its position as the largest contributor to global new energy passenger vehicle sales in 2021.
GAC Aion sells 16,031 units in Jan, up 118% year-on-year
GAC Aion sales increased 117.9 percent year-on-year to 16,031 units in January, down 3.9 percent from 16,675 units in December.
US-listed Chinese firms could see regulatory 'positive surprise' in H1, report says
A CSRC official met with executives of Western banks, saying China and the US are making progress in coordinating regulations governing New York-listed Chinese companies, according to Reuters.