Industry News
GAC Toyota's NEV project with annual capacity of 200,000 units goes into operation
The first phase of GAC Toyota's new energy vehicle capacity expansion project went into operation Sunday, with an expected annual capacity of 200,000 units, the company said.
China's 'dual credit' policy, what you need to know
The unit price of new energy credits in China has risen from RMB 300-500 initially to RMB 2,500-3,000, according to a previous research report by Industrial Securities.
These are the most popular EV models in Beijing in H1
Tesla is the most popular EV brand among Beijing residents, followed by BYD, BJEV, and Nio, according to insurance registration data from January to June.
China's hottest-selling EV coming to Spain with doubled price tag
China's hottest-selling EV, the Wuling Hongguang Mini EV, is coming to Spain for about 9,000 euros ($10,590), according to Entrepreneur.com. The model starts at RMB 28,800 ($4,450) in China.
Toyota recalls over 200,000 vehicles in China for non-compliant adaptive cruise control system
They involve 116,551 Corolla vehicles produced by Tianjin FAW Toyota from August 2019 to July 2021 and 109,034 Levin vehicles produced by GAC Toyota from May 2019 to July 2021.
Volkswagen expects its EV sales in China to soar in H2
Volkswagen expects its ID series of electric cars to see a sales surge in China in the second half of this year, Reuters reported on Thursday, citing Volkswagen Group CEO Herbert Diess.
Self-driving startup CalmCar closes $150 million Series C funding round
CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.
Tesla could generate $25 billion in annual revenue by opening charging network to other EVs, Goldman Sachs says
Tesla CEO Elon Musk recently said the company plans to open its Supercharger network to other electric vehicles (EVs) later this year. In the eyes of analysts, the move is expected to significantly boost the company's revenue.
Porsche recalls 5,957 Taycan EVs in China due to risk of loss of power
Porsche is recalling thousands of electric vehicles in China due to the risk of loss of power, becoming the latest company to announce a recall in the Chinese market.
Appliance maker Skyworth's first model to go on sale July 27
Chinese appliance maker Skyworth announced on Thursday that its first model, the midsize SUV Skyworth ET5, will go on sale on July 27.
