Industry News
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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Chinese regulators reportedly considering new measures to curb EV overcapacity
The move is intended to direct car companies to areas with low capacity utilization and to close plants that were built in the past few years but are now in surplus, the report sai
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China's Ministry of Transport demands compliance of ride-hailing platforms
Effective immediately, these platforms are not allowed to grant new access to non-compliant vehicles and drivers and should accelerate the retirement of non-compliant drivers and v
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Great Wall Motor posts 12,163 NEV sales in Aug, up 147% year-on-year
The company's production and sales in August were affected by a sharp drop in the supply of Bosch ESP and other parts due to the Covid-19 in Southeast Asia.
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China's passenger NEV retail sales reached 249,000 units in Aug, up 167.5% year-on-year
Retail penetration of new energy vehicles in China, their share of total sales of all vehicles, reached 17.1 percent in August.
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Sinopec starts construction of new hydrogen production project in Guangdong
The project will be based on Sinopec's in-house developed technology and will be put into operation in the first quarter of next year.
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Luxury car sales in China see rare decline in Aug
August retail sales of luxury cars in China were 278,000, down 9.4 percent year-on-year, according to a recent report by the China Automobile Dealers Association.
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