Industry News
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 will boost private consumption.
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.
WM Motor's first electric sedan to be named after its concept car Maven
WM Motor's consumer-facing products will be divided into the W series and M series in the future, with the former being SUVs and the latter sedans.
SAIC's overseas sales rose 118% year-on-year to over 87,000 units in January-April
China's new energy vehicle exports were nearly 70,000 units in 2020, with SAIC contributing nearly 50 percent.
Honor focuses on mobile business, won't get involved in making cars, CEO says
He said that many people say cars are a replacement for smartphones, which is nonsense.
Chinese firm's millimeter-wave radar that can detect cans 180 meters away to be mass produced in Q4
While LiDAR is all the rage in the new energy vehicle market, it doesn't mean millimeter-wave radar is being left behind.
FAW-Volkswagen reportedly plans to cut production by 30% in Q2 as chip shortage affects 29 models
FAW-Volkswagen had planned to produce about 610,000 vehicles in the second quarter of this year, but due to chip shortages, it is expected to produce only 400,000 vehicles, a cut of about 30 percent, yicai.com reported Monday.
Changan's premium EV brand's first model will be midsize SUV with Huawei Inside
Changan said that it plans to launch five models based on the CHN architecture over the next five years, the first of which, codenamed E11, will feature the Huawei Inside smart car solution.
Aiways launches new company in Shanghai with $233 million registered capital
Aiways currently offers models including the U5, U6 and U7 ion, with the U6 featuring a high energy density CTP battery with a range of 650km.
