Industry News

Swiss charger maker sets up subsidiary in Hangzhou to expand its footprint in China

The rapid growth of China's electric vehicle industry has opened up opportunities for many foreign companies. ...

BMW recalls 6,636 iX3 EVs in China due to software design issues

BMW had hoped to use the iX3 to challenge Tesla and new car makers, including Nio, in the Chinese market. ...

Lenovo resists temptation as group of Chinese firms jump on car-making bandwagon

Lenovo is determined not to build cars and will put limited resources and energy on the track that has been clearly defined. ...

Global automakers set up data facilities in China to meet compliance requirements

BMW, Daimler and Ford have all set up facilities in China to store data generated locally by their vehicles. ...

China's NEV sales exceed 700,000 units from January-April

The production of new energy vehicles was 750,000 units, up 2.6 times year-on-year, and sales were 732,000 units, up 2.5 times year-on-year. ...

China has added 21,000 charging pile-related firms this year

New energy vehicles are one of the hottest topics in China right now, and in addition to Internet companies jumping on the car-making bandwagon, the number of companies providing i ...

Chinese EV startup Enovate Motors unveils design of its second model

The new car is designed by a team headed by former Porsche designer Hakan Saracoglu and is expected to go on sale in the third quarter of this year. ...

CICC sees China auto sector not far from inflection point as two major concerns gain marginal improvements

CICC said the marginal improvements are expected to drive sales and earnings higher in the auto sector in the second half of the year. ...

China steps up EV push in public sectors

China will start letting local cities apply to participate in a full-scale electrification pilot and study support policies in the hope that electrification of the public sector wi ...

Average unit price of new energy credits in China stood at about $188 in 2020

New energy vehicle credit policy is a key weapon in China's push to transition the sector to electrification, forcing higher costs on slow movers and rewarding first movers. ...
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