Industry News
Bosch ESP chip price reportedly rises to over 300 times its original price on black market
The current price of a Bosch ESP chip on the black market is about RMB 4,000 yuan ($620), nearly 300 times higher than the normal price of 13 yuan.
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China has too many NEV companies, mergers are encouraged, official says
China now has too many NEV companies, which are small and fragmented, and the industry's players need to get bigger and stronger in the future, a senior Chinese official said.
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Nio Capital invests in EV charging service provider Yunkuaichong
Yunkuaichong, a Chinese EV charging service provider, announced Monday that it has closed a Series B2 round of funding from Nio Capita, less than three months after closing its Ser
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Li Auto, Xpeng, Nio top insurance registrations among Chinese new car makers in Aug
The CATARC figures are based on insurance registrations for vehicles and are closer to true retail sales each month.
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Chinese market regulator fines three auto chip dealers for price gouging
China's State Administration for Market Regulation (SAMR) fined three auto chip distributors a total of 2.5 million yuan ($400,000) for inflating the price of auto chips.
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Factbox: What is the difference between CPCA and CAAM's China auto sales data?
The trends presented by the two data are consistent most of the time, but sometimes they may be inconsistent or even differ.
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China's NEV sales exceed 300,000 units for first time in Aug, CAAM data show
China's NEV sales in August were 321,000 units, up 181.9 percent from a year ago and 18.6 percent from July.
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Analysts expect chip shortage to improve later this month
China's auto industry is expected to enter the inventory-raising phase, with manufacturers' production and wholesale volumes expected to pick up, the team said.
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SAIC unveils share buyback plan of up to RMB 3 billion after tepid stock performance
By Thursday's close, the company's shares were down 12 percent this year. BYD, by comparison, rose 40 percent in the same period.
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JAC reports sales of 8,075 EVs in Aug, up 89% from a year earlier
From January to August, the company sold a total of 75,693 EVs, up 196 percent from a year earlier.
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