Industry News
China sees 1.1 million NEV registrations in H1, up 234% from a year ago
"The rapid development of new energy vehicles and the rapid growth of luxury brand vehicles indicate the stimulation of domestic demand potential in the car market," the CPCA said.
Kaixin Auto announces entry into NEV space, shares soar 30% pre-market
Kaixin Auto Holdings, a US-listed Chinese used car dealership, announced Friday that it has decided to set up a new energy vehicle business unit that will include new energy vehicle development, production and marketing teams.
Geely sold 7,794 NEVs in July, up 22% year-over-year
Geely's new energy vehicle sales in July were 7,794 units, up 22 percent year-over-year, according to figures released by the Chinese auto giant on Aug. 6.
SAIC sold 352,546 vehicles in July, down 23 percent from a year ago
SAIC Group's car sales in July were 352,546 units, down 22.95 percent from 457,558 units a year ago, according to data released by the company Friday.
China accounts for 47% of global NEV sales in H1
China's share of new energy passenger cars reaches 51 percent in 2019, but drops to 41 percent in 2020 due to the policy environment and Covid-19.
SAIC partners with OPPO to improve in-vehicle user interaction
SAIC Group, China's largest local automaker, and smartphone giant OPPO signed a cooperation agreement on August 5, aiming to bring the cell phone experience into the car.
Li Auto's partners Horizon Robotics and Hesai reach co-op deal
The two will jointly develop and adapt based on Hesai's hybrid solid-state LiDAR AT128, Horizon Robotics' Journey 5 chip.
Tight lithium supply expected to last until H2 2022
Against the backdrop of soaring new energy vehicle sales, lithium supply is expected to remain tight until the second half of 2022, according to a recent research note by CITIC Securities.
Wuling Hongguang Mini EV gets another competitor
The Pocco Duoduo, a new car from local Chinese carmaker Pocco that competes with the Wuling Hongguang Mini EV, will open for pre-sale on August 6, the company announced Thursday.
Chinese EV maker Aiways sends 60 vehicles to Israel
To date, Aiways has shipped a total of over 350 U5 models to Israel, all for delivery to general consumers.