Industry News
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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Geely's ride-hailing arm Cao Cao Mobility raises $590 million in latest funding round
This is the first local equity financing in China's ride-hailing industry in 2021, and is an ice-breaker after the crackdown on Didi Chuxing.
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FAW-Audi reportedly leaves A6L production scheduled for just one day in Sept due to chip shortage
FAW-Audi is currently producing for several days and then taking several days off because of a severe chip shortage, with the A6L production scheduled for just one day in September
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SAIC sold over 70,000 NEVs in Aug, up 171% from a year earlier
SAIC passenger vehicle branch's Roewe, MG and R brand sold more than 17,000 NEVs combined in August, up 390 percent year-on-year.
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Geely posts 8,201 NEV sales in Aug, up 24% from a year earlier
Geely said the Covid-19 outbreak in some regions and a global chip supply shortage affected its deliveries in August, but retail sales were still at an all-time high for the same p
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Smart's first concept electric SUV based on Geely SEA architecture unveiled
Smart's new car will be built at a new plant in Xi'an, China, which will have an annual capacity of about 150,000 units.
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Officials from China's top economic planner study battery swap model
Officials from China's top economic planner, the National Development and Reform Commission, recently researched the "battery swap model" of new energy vehicles and its application
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Chinese official calls for greater regulation of vehicle cybersecurity and data security
With the development of smart connected cars, cyber data security issues have come to the fore and could pose significant security risks, a senior Chinese official said.
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Analysts expect global NEV industry to remain buoyant for next two years
The global NEV sales are expected to grow 84 percent to 5.96 million units in 2021 and 40 percent to 8.37 million units in 2022, said CITIC Securities.
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GAC mulls Nio-like battery swap across all new models
GAC Group is actively exploring the adoption of battery swap on more or even all of its new models, the company's general manager Feng Xingya said.
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