Industry News
China's NEV industry finally gets dedicated insurance clauses
Dedicated insurance coverage will ease some consumer concerns about buying NEVs.
China Galaxy Securities expects local NEV sales to exceed 6 million next year
The team expects China's NEV sales to be around 6.11 million units in 2022, accounting for more than half of the global market share.
Further Reading: Owners explain why they chose HiPhi, China's highest-priced local EV brand
"There's no better choice."
Deutsche Bank expects BEV sales in China to reach 5 million units next year
Edison Yu's team expects China's BEV penetration to be more than 40 percent by 2025, equivalent to about 10 million units.
HiPhi, highest priced local Chinese EV brand, delivered 763 vehicles in Nov
HiPhi's first model, the HiPhi X, starts at RMB 800,000 ($125,600) for the four-seat version. By comparison, Nio's hot-selling Nio ES6 starts at RMB 358,000.
China sold 450,000 NEVs in Nov, CAAM data show
China's NEV sales from January to November were 2.99 million units, up 166.8 percent year-on-year.
Great Wall Motor's Ora brand mired in user outcry over downgraded chip usage
Ora previously claimed that its hot-selling Good Cat model used Qualcomm's octa-core chip, but it was discovered that it was actually Intel's quad-core chip, released five years ago.
BAIC sold 2,471 NEVs in Nov, up 41% year-on-year
BAIC BluePark is now pinning its hopes for a turnaround on the Arcfox α-S model under its Arcfox brand.
Evergrande's car-making progress suffers new setback as its models disappear from regulatory list
Two of Evergrande's models appeared on the MIIT's list seeking public feedback early last month, but disappeared from the final list.
Great Wall Motor's Ora brand sold 16,136 vehicles in Nov, up 39% from a year earlier
The Ora Good Cat sold 8,855 vehicles in November, up 13 percent from 7,845 in October, a record for a single month.