Industry News
Evergrande Auto surges about 30% as FF, in which it has a stake, nears US listing
Evergrande Auto surged in Hong Kong on Thursday as its parent company's debt problems eased and Faraday Future (FF), in which it has a stake, is set to go public in the US.
CITIC Securities raises its forecast for NEV sales in China to 2.83 million units in 2021
In a research note released Thursday, CITIC Securities raised its China 2021 NEV sales forecast to 2.83 million units from 2.49 million units, implying a 121 percent increase from 2020.
This minicar that impressed Nio's William Li will have automatic parking, adaptive cruise control
The huge success of SAIC-GM-Wuling's Hongguang Mini EV has led to a general perception of such minicars as low-end products. However, a new model from another Wuling brand, Baojun, is about to overturn that impression.
Aulton's first battery swap stations with Sinopec go into operation
In addition to its partnership with Nio on battery swap station construction, China's fossil fuel giant Sinopec Group is moving forward with similar partnerships with other companies.
Geely donates about $4.64 million in cash and equipment to flood-stricken Henan
This includes RMB 25 million in cash and RMB 5 million worth of three industrial-grade drones and auxiliary equipment from Geely's Aerofugia specifically designed for disaster surveys.
Shanghai aims to reach about $54 billion in NEV output by 2025
Shanghai aims to further increase the share of electric vehicles and fuel-cell vehicles, promote the transformation of car companies into emerging industries and nurture auto parts companies with tens of billions yuan in sales.
Why does SAIC continue to produce Mini EV when each car contributes less than $14 net profit?
Mini EV is priced at RMB 28,800 ($4,451)-RMB 43,600, and its parts cost up to about RMB 20,000.
SAIC is China's top vehicle exporter in H1
The top 10 companies are SAIC Motor, Chery, Changan, Dongfeng Motor, GWM, Geely, BAIC, Tesla, JAC Motors and Sinotruk.
Chery's plans to enter US suffer setback as its partner files for bankruptcy
Chery Automobile's plans to enter the United States have been thwarted as its partner, California-based car dealer HAAH Automotive, has filed for bankruptcy on July 19, yicai.com reported Wednesday.
Beijing to hold connected car conference on Sept. 25
The 2021 World Intelligent Connected Vehicle Conference will be held in Beijing from Sept. 25-28, China's Ministry of Industry and Information Technology said on Wednesday.
