EV Industry

The continued increase in sales of premium electric models so far this year, while traditional fuel vehicles have been more severely affected by chip shortages, has allowed new energy passenger car penetration to rise rapidly.

It can work for 4-5 hours under heavy-duty conditions and 6-8 hours under medium- and light-duty conditions, reducing overall usage costs by more than 60 percent compared with traditional fuel-powered equipment.

All vehicle sales in China were 2.128 million units in May, down 3.1 percent from the previous month.

Pony.ai's initial plan is to build passenger cars, but it has not yet determined whether they will be used in self-driving fleets or sold to general consumers.

After France, Germany, the Netherlands, Belgium and Denmark, Aiways is expanding its business to Southern Europe and the European Free Trade Association (EFTA) market.

On June 7, Jidu Technology Co was established with a registered capital of 2 billion yuan ($313 million), according to information from data provider Tianyancha.

In 2018 and 2019, more than half of global new energy vehicle sales come from China. In 2020 with the impact of Covid-19, China's contribution declined. Now, with the rapid growth of the market, China has regained its share.

Geely unveiled the Vision Starburst concept on June 7 and said the car uses the Starburst cosmic energy design inspiration and that it will represent Geely's new design philosophy in the future.

In February, the CPCA forecast that wholesale sales of new energy vehicles in China would reach 2 million units this year. In April, it raised that forecast to 2.2 million units.

Companies with retail sales exceeding 10,000 units in May were SAIC-GM-Wuling with 33,175 units, BYD with 31,908 units, Tesla China with 21,936 units and GAC Aion with 10,395 units, the CPCA said.