Industry News
China's NEV sales accounted for 53% of world total in July, data show
China's market share increased by 6 percentage points in July from 47 percent in June, while Europe fell to 31 percent from 39 percent and the US grew to 12 percent from 11 percent
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China supports development of solid-state, cobalt-free batteries, official says
China supports the development of all-solid-state lithium batteries, cobalt-free power batteries, and industrial hybrid lithium-ion batteries.
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China's NEV sales expected to exceed 1.7 million in Jan-Aug, tripling year-over-year
The penetration of NEVs - their share of total sales - exceeded 10 percent in the first eight months.
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Chongqing Sokon sold 3,565 NEVs in Aug, up 146% from a year ago
The company sold a total of 19,227 vehicles in August, down 15.42 percent from a year earlier.
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Foxconn ramps up efforts in NEV industry with new investment
Foxconn said one of its subsidiaries signed an agreement with HengDrive, a motor manufacturer, to acquire a 63 percent stake in the latter for about RMB 378 million ($60 million).
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Evergrande says it has completed summer testing of five models
A total of 53 vehicles of five models were tested at the same time, according to Evergrande.
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Chinese regulator takes steps to help automakers cope with chip shortage
In the face of a growing chip shortage, the industry's regulator in China is taking action in addition to car companies finding their own ways to deal with it.
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Lotus Technology, owned by Geely and backed by Nio, appoints ex-Jefferies exec as CFO
Lotus Technology announced on August 31 that it had received an investment from Nio Capital, the venture capital arm of Nio.
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Wuling says Mini EV cumulative sales top 370,000, unveils two new color options
The Hongguang Mini EV offers 120km, 170km NEDC range options and are priced at RMB 37,600 ($5,820) and RMB 43,600 respectively.
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GAC Aion sold 11,631 units in Aug, up 115% from a year earlier
GAC Aion received orders for more than 18,000 units in August, another record high, the company claimed.
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