Industry News
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.
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.
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.
Evergrande Auto's Hengchi 7 sedan seen undergoing road tests
For Evergrande Group, which is busy reducing its debt load, there is not much progress about its car-making recently. But the latest reports indicate that one of its sedans is already undergoing road tests.
Hefei plans to apply to become pilot city for battery swap
Since last year, Nio and the city of Hefei have been working together to build battery swap facilities and plan to add 20 new ones within two years.
Chinese regulators ask ride-hailing firms to rectify non-compliance
Chinese regulators have interviewed 11 ride-hailing companies, including Didi Chuxing, Meituan Chuxing, Gaode and Caocao Chuxing, asking them to rectify their non-compliance practices and maintain fair and competitive market order.
Chinese EV startup Aiways signs deal to use Hesai's LiDAR to build driver assistance systems
In 2022-2023, Aiways will release its second-generation intelligent driving assistance technology, which will likely add 1-2 LiDARs.
State Grid says it has built highway fast-charging network covering 176 cities
State Grid, the world's largest utility company, is also one of the largest operators of charging piles in China, and it is rapidly expanding its reach.
Great Wall Motor said to be building new premium brand
Great Wall Motor is seeking bids for a marketing strategy for its "Z brand," which requires a service team with extensive experience servicing luxury car brands.
Behind auto chip shortage: Some dealers multiply offers by 10 times
The reason for the rise in auto chip prices is speculation by dealers on the one hand, and automakers spending high prices to buy chips in bulk for fear of discontinuing production on the other.
