Industry News

'Warring States Era' undoubtedly here! Another Chinese tech firm steps into car-making industry

Like Li Auto, the company has chosen the extended-range technology route for its first vehicle, with an initial product positioning as a hardcore off-road model similar to the Merc ...

China's new energy vehicle sales up 239% year on year in March

China's new energy vehicle sales in March were 226,000 units, up 238.9 percent year on year, according to data released Friday by the China Association of Automobile Manufacturers ...

GAC forms task force to explore alternatives to key chips

GAC held a meeting with chip suppliers in January and ordered chips for the year according to its annual demand plan, it said. ...

SAIC says it is taking steps to reduce impact of chip shortage

Although the chip shortage will continue for some time, SAIC has the advantage of a strong industry chain system and will work with the industry to overcome the difficulties, the c ...

China's March auto sales forecast at 2.38 million units, up 64% from February

China's January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier. ...

Battery swap, a business model led by Nio, finds huge success in an area you wouldn't expect

Businesses that see the opportunity have copied Nio's BaaS model by bringing battery rental services to the sale of electric scooters. ...

Auto expert now expects chip shortages to take nine months to a year to ease

From traditional car companies like Volkswagen to emerging car companies like Nio, all are facing the impact of chip shortages this year. Now it seems that the supply and demand im ...

SAIC reportedly cutting production by 200,000 vehicles due to chip shortage

The figure is equivalent to 3.6 percent of the company's sales of 5.6 million vehicles last year and 3.2 percent of this year's sales target of 6.17 million vehicles. ...

Analysts say China's smart car industry's 'Warring States Era' has just begun

With the addition of technology companies, the "Warring States Era" of China's industry has begun, the analysts said. ...

Another Chinese tech giant gets in! Didi has reportedly launched car-building project

For Chinese tech giants, there seems to be no one who doesn't want to enter the car-building arena, lured by the huge popularity of car-making newcomers, including Nio. ...
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