Industry News
Audi-FAW's plant to produce 150,000 EVs per year set to begin construction in April
The plant is expected to be completed in December 2024 and will introduce the PPE (Premium Platform Electric) platform developed by Audi with Porsche.
Chinese EV startup founded by former Volkswagen exec reportedly secures RMB 10 billion investment
Binli, founded by former Volkswagen China executive vice president Weiming Soh, recently received a strategic investment from Wuhan-based Changjiang Capital, according to local media.
Ora reportedly discontinues two lower-priced models
Reduced purchase subsidies for NEVs in China and a shortage of parts supply are putting more pressure on lower-priced models.
Great Wall Motor's Ora brand sells 13,229 vehicles in Jan, up 29% year-on-year
Ora's main model, the Good Cat, sold 9,020 units in January, up 333 percent year-on-year.
China's Jan wholesale sales of passenger NEVs at 412,000 units, up 140% year-on-year
This was down 18.5 percent from December, which the CPCA said was consistent with the characteristics of the same month last year.
Mercedes-Benz's EQE sedan appears on regulatory list for comment in China
The Mercedes-Benz EQE will be the German automaker's next electric sedan to be introduced to China after the EQS.
Nio's OEM JAC sells 15,536 EVs in Jan, up 89% year-on-year
JAC sold 51,558 units of all models in January, down 10.6 percent from 57,697 units in the same month last year.
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.