EV Industry

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.

Chinese automaker SAIC Motor's Wuling Hongguang Mini EV was the top-selling new energy passenger car in the world in April this year with 29,251 units sold, according to EV Sales Blog.

Apple requires potential battery suppliers to have a production base in the US, the report said, adding that CATL is reluctant to build a plant in the US because of tensions between China and the US.

Rumors began to emerge in late April that Chinese smartphone giant OPPO would jump on the car-making bandwagon, and now the company's actions seem to be confirming those reports.

Geely's new energy vehicle sales in May totaled 6,284 units, up 3 percent year-on-year, according to figures released by the Chinese automotive giant on June 7.