Industry News
Analysts expect global NEV industry to remain buoyant for next two years
The global NEV sales are expected to grow 84 percent to 5.96 million units in 2021 and 40 percent to 8.37 million units in 2022, said CITIC Securities.
GAC mulls Nio-like battery swap across all new models
GAC Group is actively exploring the adoption of battery swap on more or even all of its new models, the company's general manager Feng Xingya said.
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.
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.
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.
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.
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).
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.
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.
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.