Industry News

China releases action plan to encourage trade-in of consumer goods including cars

China aims to double the amount of scrapped cars recycled by 2027 compared to 2023. ...

Baidu-backed Jiyue reshuffles marketing team to boost sales, report says

Jiyue has overhauled its marketing and sales teams, which have seen intensive staff turnover, according to local media. ...

GAC plans to equip Hyper-branded EVs with all-solid-state batteries in 2026, offering over 1,000 km range

GAC said its solid-state batteries have an energy density of more than 400 Wh/kg and could easily give an EV a range of over 1,000 kilometers. ...

VW to invest 2.5 billion euros to expand Hefei production base

Volkswagen said it will produce two Volkswagen-branded models co-developed with Xpeng in Hefei, the first of which is scheduled to go into production in 2026. ...

China's NEV retail at 97,000 in Apr 1-6, up 5% from same period last month

China's retail penetration of NEVs was 47.09 percent in April 1-6, and 37.1 percent year-to-date. ...

China sells 883,000 NEVs in Mar, up 85% from Feb, CAAM data show

Excluding exports, domestic NEV sales in March were 758,000 units, up 32 percent year-on-year and up 92.1 percent from February. ...

China's NEV retail rebounds to 709,000 in Mar, penetration reaches record 41.6%

China's retail penetration of NEVs was 41.6 percent in March, up 5.8 percentage points from 35.8 percent in February. ...

IM Motors unveils new electric sedan IM L6, pre-sales begin at starting price of $31,810

IM Motors claimed that the IM L6 is the first sedan in China with crab walk capability and will be powered by solid-state batteries to give a range of more than 1,000 kilometers. ...

HiPhi may have struck restructuring deal with Changan's EV arm Avatr, report says

Avatr has approached HiPhi and may have struck a partnership deal, with the two now reorganizing their teams, according to local media. ...

GAC Aion announces entry into Indonesia, plans to build local plant

GAC Aion has entered into a partnership with an Indonesian company and plans to build an EV factory there. ...
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