Industry News
A peek into China's best-selling EV, a product of GM and SAIC's joint venture
In the first quarter of 2021, SGMW shipped in excess of 100,000 electric cars in China, leaving behind Tesla, Nio, BYD and all others.
After EV, LiDAR set to become next crowded industry in China
Competition in the LiDAR space is fierce, with both traditional car companies and tech companies entering the market in various ways.
Auto giant GAC reportedly studying feasibility of building battery swap stations
Attracted by the initial success of Nio and the support of Chinese policy, the battery swap model for electric vehicles is about to see more players.
Evergrande Auto parent sells 2.66% stake at 20% discount
With this move, Evergrande Auto's top 20 shareholders' shareholding dropped below 90 percent, satisfying the necessary conditions to allow it to enter the Shanghai-Hong Kong Stock Connect.
China drafts rules to strengthen regulation of vehicle data collection
As China's smart car industry grows rapidly, regulation is actively following it up.
China auto association expects chip shortage may last until January next year
The CAAM said that the tight supply of components, including chips, will continue to affect the production pace of car companies, which are expected to be affected more in the second quarter than in the first quarter.
SAIC to follow Nio in launching 'battery bank'
SAIC will soon launch a "battery bank" to support the body-battery separation model, with a unified battery pack to be introduced by the end of this year or early next year.
China's state media says smart EV industry seeing explosive growth
The People's Daily said that at this year's Shanghai auto show, for the first time, smart electric cars are no longer just a concept, but perceptible mass-produced products.
Polestar to use blockchain technology to trace origin of raw materials
Polestar entered into a strategic partnership with blockchain technology company Circulor on May 11, aiming to use blockchain technology to trace the origin of raw materials.
China's new energy passenger vehicle sales stand at 163,000 units in April，down 12% from March
Wholesale sales of new energy passenger vehicles stood at 184,000 units in April, down 8.7 percent from March and up 214.2 percent year-on-year.