Industry News
China's new energy passenger car penetration rate on track to reach 13% this year, expert says
Cui made the call based on the rapid growth of China's new energy vehicle industry this year, saying he believes the CPCA's June forecast for new energy passenger vehicle sales to reach 2.51 million units this year was conservative and will be revised upward in the future.
Hongguang Mini EV sold 30,706 units in July, tops China's NEV market for 11th straight month
SAIC-GM-Wuling Hongguang Mini EV sold 30,706 units in July, ranking first in China's new energy vehicle market for the 11th consecutive month since its launch, the company said Monday.
Hainan to launch pilot projects to speed up construction of battery swap stations
The pilot industry focus is on cabs, ride-hailing services, buses, passenger shuttles, and medium and heavy commercial vehicles.
China's hydrogen production increased by 25% year-over-year in H1
The cost and selling price of hydrogen energy has dropped by about 50 percent in the last four years, and production and sales of hydrogen-fueled vehicles have skyrocketed, CCTV reported on Friday.
Official media calls for caution against duplication of hydrogen energy projects
The number of fuel cell-related capacity planned in China far exceeds market capacity, increasing the risk of overcapacity, said an article published by the official media Economic Daily on Aug. 8.
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.
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 expected to increase in August, the China Automobile Dealers Association (CADA) said.
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.
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 senior director, Fan Jun, serves as chief operating officer.
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.
