Industry News
SAIC abandoning EV unit Rising Auto, report says
Employees at Rising Auto are expected to be laid off by more than 70 percent, while the remaining employees are likely to get a pay cut, according to local media.
VW Anhui files for 1st model ID.UNYX
Volkswagen Anhui is majority-owned by Volkswagen and is its first joint venture in China focused on NEVs.
China's NEV retail at 154,000 in Mar 1-10, up 64% from same period last month
Retail penetration of NEVs in China rebounded to 43.38 percent in the March 1-10 period.
Changan's EV unit Avatr offers new variant of Avatr 11 SUV at $6,970 price reduction
Avatr is offering a new version of its Avatr 11 SUV available for this month only at a starting price of RMB 250,000, down from RMB 300,000 for the model's previous entry-level version.
FAW-VW offers up to $7,520 discount on ID.4 Crozz
This is to celebrate the third anniversary of the launch of the ID.4 Crozz, which has a discounted starting price as low as RMB 139,800, FAW-Volkswagen said.
China adds 44,000 public charging piles in Feb
From March 2023 to February 2024, the average monthly number of newly added public charging piles were about 80,000 units.
China sells 477,000 NEVs in Feb, down 34.6% from Jan, CAAM data show
Excluding exports, domestic NEV sales in February totaled 395,000 units, down 9.8 percent year-on-year and down 37.2 percent from January.
Great Wall's Tank brand begins deliveries of Tank 700 Hi4-T Limited Edition
Only 70 units of the Tank 700 Hi4-T Limited Edition are available in the first batch, and orders will be reopened once first deliveries are complete.
FAW's Hongqi brand to launch all-electric sedan EH7 on Mar 20
The Hongqi EH7 is a mid-to-large-sized sedan based on the FME platform, and is the first pure-electric sedan built by the Hongqi brand based on the platform.
Baidu-backed Jiyue starts offering car-buying incentives as China's EV price war rages on
Jiyue is offering a 3-year interest-free loan program for the Jiyue 01, which it said will save customers up to RMB 23,659.
