Industry News

Analysts expect worst time for China's auto industry to be over soon

Demand in China's auto industry was not fully released in the first half of the year due to tight chip supply, and as the issue improves, the second quarter will be the worst period for the industry's performance, CITIC Securities said.

OPPO execs reportedly visited Li Auto to speed up car-building plans

OPPO's car-building project is still in the research phase and has not been officially launched yet, but executives from the company recently visited Li Auto to speed up the plan.

German auto parts maker ZF Group partners with Chinese startup to tap into local smart driving market

ZF will also take a stake in CalmCar, although the amount of the investment was not disclosed. This is the first time ZF has invested in a local Chinese technology start-up.

BAIC BluePark's May sales fell 43% year-on-year to 1,197 units

Its cumulative sales from January to May were 5,374 units, down 54.04 percent from 11,692 units in the same period last year.

Nio Capital invests in online used car dealer Uxin

William Li said that the used car market in China has the potential for exponential growth and believes Uxin will continue to lead the development of the used car market in China.

Chinese firm plans to build about 500 battery swap stations for passenger cars, heavy trucks

The company plans to build about 313 new battery swap stations for passenger cars and 175 battery swap stations for heavy trucks in Jiangsu, Zhejiang, and Guangdong.

SAIC says it will put solid-state batteries into production by 2025

Chinese auto giant SAIC Motor will put its solid-state batteries with "world-leading " technology into production by 2025, it said.

China's new energy passenger vehicle penetration rate rose to record high of 12% in May

The continued increase in sales of premium electric models so far this year, while traditional fuel vehicles have been more severely affected by chip shortages, has allowed new energy passenger car penetration to rise rapidly.

Pure electric bulldozer goes into service in China, first of its kind in the world

It can work for 4-5 hours under heavy-duty conditions and 6-8 hours under medium- and light-duty conditions, reducing overall usage costs by more than 60 percent compared with traditional fuel-powered equipment.

China NEV sales reached 217,000 units in May, up 159.7% from a year ago

All vehicle sales in China were 2.128 million units in May, down 3.1 percent from the previous month.
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