Industry News
Guangdong's Foshan City to provide subsidies of up to about $3,085 to consumers who purchase NEVs
More and more local governments in China are introducing measures to accelerate the acceptance of new energy vehicles.
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China's auto market demand to be released gradually as chip problem eases, industry association says
With the chip problem eased and manufacturers' production capacity gradually restored, the previously suppressed market demand will gradually be released, and auto sales are e
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Nio's OEM JAC sold 12,007 EVs in July, up 189% year-over-year
JAC did not specify, but in line with industry practices, its EV sales figures should include Nio vehicles.
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Former Nio senior VP starts electric commercial vehicle company
Newrizon's website shows that three of the six core executives are from Nio. Former Nio deputy director of autonomous driving in China, Fu Jingwei, serves as CTO, and former Nio se
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Renault to build hybrid models based on Geely's platform
In China, the two companies will jointly develop Renault-branded hybrid models based on Geely's platform technology.
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China sees 1.1 million NEV registrations in H1, up 234% from a year ago
"The rapid development of new energy vehicles and the rapid growth of luxury brand vehicles indicate the stimulation of domestic demand potential in the car market," the CPCA said.
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Kaixin Auto announces entry into NEV space, shares soar 30% pre-market
Kaixin Auto Holdings, a US-listed Chinese used car dealership, announced Friday that it has decided to set up a new energy vehicle business unit that will include new energy vehicl
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Geely sold 7,794 NEVs in July, up 22% year-over-year
Geely's new energy vehicle sales in July were 7,794 units, up 22 percent year-over-year, according to figures released by the Chinese auto giant on Aug. 6.
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SAIC sold 352,546 vehicles in July, down 23 percent from a year ago
SAIC Group's car sales in July were 352,546 units, down 22.95 percent from 457,558 units a year ago, according to data released by the company Friday.
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China accounts for 47% of global NEV sales in H1
China's share of new energy passenger cars reaches 51 percent in 2019, but drops to 41 percent in 2020 due to the policy environment and Covid-19.
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