Industry News
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.
Self-driving firm Pony.ai has reportedly joined car-making party
Pony.ai's initial plan is to build passenger cars, but it has not yet determined whether they will be used in self-driving fleets or sold to general consumers.
Chinese EV startup Aiways announces entry into Italy
After France, Germany, the Netherlands, Belgium and Denmark, Aiways is expanding its business to Southern Europe and the European Free Trade Association (EFTA) market.
Baidu sets up new company for its car-making business, with registered capital of about $313 million
On June 7, Jidu Technology Co was established with a registered capital of 2 billion yuan ($313 million), according to information from data provider Tianyancha.