Industry News
IM Motors to launch 1st EREV model in Q1 2025 to take on Li Auto's Li L7, report says
IM Motors' first EREV model will be an SUV, which will be launched in the first quarter of 2025, according to local media.
Mercedes-Benz to adopt smart driving solution from Chinese startup Momenta, report says
Mercedes-Benz's all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media.
China NEV retail at 790,000 in May, up 17% from Apr, preliminary CPCA data show
China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.
China May NEV wholesale at 910,000, up 16% from Apr, CPCA estimates show
In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.
Geely, STMicro sign SiC device supply deal
STMicro said it will supply SiC power devices for Geely's multiple brands of mid- to high-end all-electric vehicles, helping to boost performance, speed up charging and extend range.
Baidu-backed Jiyue launches new long-range variant for sole model on sale
The new variant of the Jiyue 01 has a CLTC range of 720 kilometers and a starting price of RMB 249,900 ($34,510), which sits in the middle of the two previously available variants.
Great Wall Motor to close European headquarters, report says
Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.
China NEV retail at 574,000 in May 1-26, up 2% from same period last month
China's retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date.
CPCA expects China's May NEV retail at 770,000, penetration at record 46.6%
China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.
China NEV retail at 412,000 in May 1-19, up 10% from same period last month
China's retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date.