Industry News
Porsche recalls 17,278 imported Taycan EVs in China due to brake system defect
Due to design reasons, these vehicles may experience brake fluid leakage, which can lead to reduced braking effectiveness and longer braking distances.
China NEV retail at 864,000 in Jun, up 6% from May, preliminary CPCA data show
China's NEV penetration at retail stood at 49.23 percent in June and 41.91 percent year-to-date.
China Jun NEV wholesale at 970,000, up 8% from May, CPCA estimates show
In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.
Toyota seeks to build EV plant in Shanghai, hoping for Tesla-like treatment, report says
Toyota is in discussions with Shanghai authorities about the possibility of building a wholly owned factory to produce Lexus' EVs, according to Bloomberg.
BeyonCa to set up global headquarters and EV plant in HK
BeyonCa, which operates mainly in Beijing, hopes to become the first international luxury EV brand to be "Made in Hong Kong".
China EV production projected to exceed 10 million units in 2024
China's NEV production reached 8.91 million units in 2023, up 34.15 percent year-on-year.
China NEV retail at 534,000 in Jun 1-23, up 7% from same period last month
China's NEV retail penetration was 49.12 percent for June 1-23, and 41.36 percent year-to-date.
Toyota to adopt local startup Momenta's driver assistance solution in China
GAC Toyota and Momenta have jointly created a full-scenario smart driving solution, and the bZ3X will be the first to feature it.
Geely unit LEVC launches L380 electric MPV in China, prices start at $52,300
LEVC, the maker of London's black cabs, is one of the brands owned by Geely in addition to Lotus, Zeekr, Volvo and Polestar.
Mercedes-Benz recalls 2,380 EQ series EVs in China due to risk of power loss while driving
Due to a software deviation, some of the vehicles included in the recall may experience a high-voltage battery disconnection, which could cause the vehicle to lose power while driving.