Industry News
WM Motor breaks silence on sales, says it sold 4,007 vehicles in June
WM Motor, one of the most closely watched new car makers in China, has been questioned for lagging behind its peers this year as it stopped releasing sales figures. Now the company has finally broken its silence.
Ford adds new version of Mustang Mach-E in China that can enjoy subsidies
Tesla's new version of the Model Y, which was launched earlier this month and is eligible for China's state subsidies, has garnered the company plenty of orders, and now its US counterpart Ford Motor is following suit.
Great Wall Motor recalls 16,216 EVs due to potential battery thermal runaway
Great Wall Motor (GWM) is recalling 16,216 Ora IQ electric vehicles due to a potential problem with the power cell thermal runaway.
Chery recalls 1,407 EVs due to battery safety hazards
Chery is recalling 1,407 Arrizo 5e electric vehicles due to a potential risk of thermal runaway of the battery.
WM Motor establishes import/export firm, paving way for its vehicle exports
Although Chinese electric vehicle startup WM Motor hasn't had as strong a year as its local counterparts, including Nio, that hasn't affected its business layout.
China's unified carbon market officially starts trading
The first transaction was successfully concluded at 9:30 am at RMB 52.78 ($8.1) per ton, with a total of 160,000 tons traded at a value of RMB 7.9 million.
TSMC says carmakers can expect sharp uptick in chip supply
TSMC said its MCU production in the first six months of the year rose 30 percent over the same period last year, and the company will increase MCU production by nearly 60 percent this year compared with last year.
Enovate ME5 with extended-range technology launched, priced from $23,200
The Enovate ME5, a compact SUV with extended-range technology, was launched on July 13, with two versions priced at 149,900 RMB ($23,200) and 159,900 RMB respectively.
WM Motor to launch its first sedan, M7, within the year
The car will have powerful self-driving hardware with multiple LiDARs and 500-1000 TOPS of computing power.
China's NEV penetration rate hit record high of 15% in June
That's up 3 percentage points from May and up 7 percentage points from 8 percent in January. The ratio was 11 percent in the first half of this year, an increase of 5 percentage points from 2020.
