Industry News
SAIC says its new energy passenger vehicle sales exceeded 10,000 for fifth consecutive month
SAIC passenger car sales in July were nearly 70,000 units, up 17 percent year-over-year, and cumulative sales from January to July were up 54 percent year-over-year.
Volkswagen ID models reportedly sold over 5,000 units in China in July
Volkswagen CEO Herbert Diess previously said he expected sales of the ID series cars in China to double to 6,000 units in July from 3,000 units in June.
China's NEV market to get dedicated insurance terms
Although new energy vehicles are rapidly being accepted by more and more consumers, there has been no exclusive insurance coverage tailored specifically for these models to date.
Southwest China's Chengdu requires new vehicles used for ride-hailing to be NEVs
Chengdu, famous for being the home of China's panda breeding program, recently issued new regulations on the ride-hailing industry, requiring new vehicles used for ride-hailing to be new energy vehicles.
S&P expects China's new energy vehicle sales to continue to rise
In the next year or two, China's new energy vehicle market will likely remain dominated by local brands, considering that nine of the top 10 electric vehicle companies are currently local companies, the report said.
China's Ministry of Commerce suggests local NEV firms to increase exports to Russia
China's Ministry of Commerce has recommended that local new energy vehicle (NEV) companies increase their exports, marketing and promotion to Russia to expand their market share in a report released on Aug. 3.
China's first superconducting cable completed in Shenzhen
China's first 10-kilovolt, 400-meter triple-phase co-axial high-temperature AC superconducting cable was laid in Shenzhen, southern China, on July 28, SZnews.com reported on Wednesday.
Dongfeng Motor's premium EV brand Voyah says its first model received 3,689 orders in 43 days on sale
Voyah is on track to become the fastest EV brand to reach 10,000 sales, the company said.
Chery sold 7,255 NEVs in July, up 107% year-over-year
From January to July, Chery sold a total of 47,656 new energy vehicles, up 212.5 percent year-over-year.
Analysts say automaker valuations have broken through old framework and expected to keep going higher
China's new energy vehicle stocks surged on Wednesday, with an ETF tracking the sector up more than 5 percent at press time and BYD up nearly 8 percent to top RMB 300 for the first time.