Industry News

Great Wall Motor's EV brand Ora unveils Lightning Cat for about $30,000

Ora, Great Wall Motor's EV brand, unveiled the Lightning Cat, a supercar priced under RMB 200,000 ($30,783), on April 19.

China's best-selling EV appears to have a strong competitor

Its pre-sale price starts at RMB 29,800 ($4,588), not far off the Wuling Hongguang Mini EV's starting price of RMB 28,800.

GAC plans to have 20% of car sales be new energy vehicles by 2025

GAC also plans to make its own brand of new energy vehicles account for more than 36 percent of all sales and hybrid vehicles account for more than 15 percent by 2025.

IM Motors names first offerings of its L7 model 'Angel Investment Edition,' priced at about $62,800

IM Motors, a SAIC-Alibaba partnership, has announced the first offerings of its L7, the "Angel Investment Edition," and a pre-sale price of RMB 408,800 ($62,821).
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WM Motor's L4 driverless-capable WM W6 goes on sale, priced from around $26,000

The vehicle is the first production model in China with L4 driverless capability, equipped with Baidu Apollo's unmanned autonomous parking system AVP, and is also the first vehicle in China to apply SOA (service-oriented architecture).

Cars with DJI's intelligent driving system said to be launched as soon as this year

DJI Automotive, a subsidiary of Drone maker DJI, has started working with car companies, and mass-produced cars equipped with DJI's intelligent driving system will be released as soon as this year.

GAC Aion to double plant capacity to 200,000 units per year

GAC Aion expects to invest about RMB 500 million in the initiative, which is scheduled to double its capacity by early 2022.

FAW-Volkswagen Audi to reportedly cut production by 30% in April due to chip shortage

The chips that caused FAW-VW Audi to reduce production are mainly door controller, gateway controller, center display, and electronic stability control.

CATL chairman says only those who never drove EVs have range anxiety

"Range anxiety" is seen as a major factor holding back the development of the electric vehicle industry, but in the opinion of CATL, China's largest power battery supplier, it's a false proposition.
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