Industry News
Hongguang Mini EV sales at 22,905 units in June, down 23% from May
After its record sales in March, the performance of China's hottest-selling electric car is starting to weaken.
China's new energy firms scrambling to raise capital to expand capacity
The huge market demand generated by China's new energy industry chain has led to a large number of companies actively raising capital to expand their production capacity.
Beijing bans illegal electric tricycles and four-wheelers, gives 2.5-year transition period
These vehicles are also widely known as "老头乐" (Old Man's Joy) in China, and they often weave in and out of ordinary vehicles and drive illegally on bike paths, posing many safety hazards.
BAIC Blue Park June sales at 1,585 units, down 47% from a year ago
BAIC Blue Park had a glorious past. It was the number one pure electric vehicle seller in China for seven consecutive years from 2013-2019.
Jidu, Baidu's car-making arm, has poached former Nio veteran engineer
Chinese tech giants jumping on the car-building bandwagon are grasping for talent, and they're setting their sights on people who once had experience working at China's leading car-making newcomers, including Nio.
Nearly 40% of EV fires occur while sitting, says expert
The percentage of EV fires that occur while charging is about 28 percent, while the percentage of fires that occur while sitting is 38 percent.
China speeding up policies on energy storage
The rapid development of China's new energy industry is driving demand for energy storage higher, and policymakers are accelerating the development of regulations for the industry.
China now has about 1.95 million charging piles, up 47% from a year ago
In June, the number of public charging piles in China increased by 39,000 units, up 65.4 percent year-over-year.
Chongqing Sokon sold 4,351 NEVs in June, up 112% from a year earlier
The Shanghai-listed company went up by the daily limit of 10 percent in early trading Monday, and has accumulated a 330% gain so far this year.
GAC Aion model boasting 1,000 km range completes summer tests
GAC Aion said Friday that its Aion LX model with the latest battery technology has completed summer tests and will soon start mass production.
