EV Industry

China's new energy vehicle market is poised for strong growth over the next five years, with a compound annual growth rate (CAGR) of 36.1 percent from 2020 to 2025, driven by a number of factors including policy drivers, according to market research firm IDC.

Average daily retail sales in China's passenger vehicle market were 62,000 units in November, up 5 percent year-on-year and 3 percent from October, according to data released today by the China Passenger Car Association (CPCA).

SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold a record 33,094 units in November, making it the only vehicle in China's new energy market to sell more than 30,000 units in a single month this year.

Geely said that all customers who purchase the car before December 31 will be able to enjoy free OTA upgrades for one year.

The car accelerates from 0-100 km in 4.9 seconds, has an NEDC range of 400 km, and is priced at RMB 357,000 yuan after subsidies.

Didi plans to launch the D3 with autopilot in 2025. Didi wants to remove the cockpit by 2030 to enable fully automated driving.

Currently, China's traditional auto insurance still lacks products to cover and manage the risk of batteries in new energy vehicles.

Chinese ride-sharing giant Didi will unveil a vehicle called the D1 on November 16, a poster released by the company today showed.

The Shanghai and Guangzhou production bases of Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, have recently started trial production, marking a step closer to getting the new Chinese EV maker's products to the public.

China released the "Smart Connected Vehicle Technology Roadmap 2.0" on November 11, detailing the development route, vision and strategic goals of intelligent connected vehicles.