EV Industry

For the full year 2020, the company has delivered 15,091 vehicles, up 51 percent year-on-year.

XCMG Group said it signed a contract with Tsinghan Holding Group for a new energy industry base project with a total investment of about RMB 5.5 billion yuan ($850 million).

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.