Industry News
China issues guidance to promote development of energy storage industry
With the rapid development of the new energy vehicle industry, the energy storage industry is also receiving policy support.
Faraday Future goes public in US, aims to disrupt Ferrari, Bentley
Before FF began trading on Thursday, Jia laid out the company's two-phase goal, saying the first phase is to achieve disruption of traditional ultra-luxury car brands such as Maybach, Ferrari and Bentley with the FF 91.
China's hottest-selling electric car has a new rival
Electric vehicle brand Letin announced Thursday that its first all-electric mini car will go on sale on July 30, with a price range of RMB 29,800 ($4,600) to RMB 54,900.
Chinese automakers can now start trading their NEV credits, what does this mean for Nio, Xpeng, and Li Auto?
Car companies including Nio, Xpeng Motors, Li Auto, Tesla China, and BYD have accumulated a lot of new energy credits last year, and now they can start trading them.
China's auto sales poised to grow this year, reversing three straight years of decline, official says
China's auto sales are expected to grow this year, reversing three consecutive years of decline, Zhu Xiaoliang, an official with the Ministry of Commerce, said at a news conference Thursday.
Guizhou aims to have charging piles in every township by 2023
Guizhou province in southwestern China recently announced a three-year action plan for electric vehicle charging infrastructure construction, planning to build 4,500, 5,000 and 5,500 electric vehicle charging piles in 2021, 2022 and 2023, respectively.
These are top 10 best-selling NEV models in China in June
The Wuling Hongguang Mini EV remained the best-selling new energy vehicle (NEV) model in China with 29,143 units sold in June, up 12.56 percent from May.
Shenzhen considers policies to facilitate NEV owners to purchase additional vehicles
Shenzhen will actively expand local auto consumption by considering policies to facilitate the purchase of additional small vehicles by owners of NEVs.
CICC expects global power battery demand to grow at CAGR of over 50% in next five years
As the capacity of power batteries equipped in vehicles increases, global power battery demand will continue to grow faster than new energy vehicle demand, said CICC.
China's H1 NEV sales exceed 1.2 million units
China's new energy vehicle (NEV) sales from January to June were 1.206 million units, up 2 times year-over-year and 92.3 percent from the same period in 2019.
