EV Industry

As of today, there are more than 200,000 new energy vehicle-related enterprises in China whose status is active and in existence.

For 2020, WM Motor's full-year sales reached 22,495 units, up 33.3 percent year-on-year.

China's new energy vehicle subsidies in 2021 will be backed down by 20% compared to 2020, four ministries, including China's Ministry of Finance, said in a document released today.

He believes that the industry is exploding, and investors who focus too much on short-term prices will lose long-term growth dividends.

CICC believes that Huawei's LiDAR has excellent performance and will be equipped on models available in 2021, opening the first year of mass production.

There is currently a shortage of Huawei chips, and only 200 of the latest generation 5G vehicle modules (Baron 5000 chips) have all been provided to GAC AION.

The car is designed for short-distance urban commuting or rental car use and is equipped with a 6kW motor and 5.5kWh battery pack, with a top speed of 45km/h and a maximum range of 70km.

Shen believes that new energy vehicles in 2021 will see substantial improvements in vehicle range, intelligent cockpits, software services, and OTA capabilities.

Baidu may join forces with WM Motor to build a car and that the two sides are currently discussing possible models of cooperation.

The recent automotive chip supply shortage has brought less impact on sales, and the impact on the production side is not expected to be transmitted to the sales side in a short time.