Industry News
China's NEV retail at 388,000 in Feb, down 42.1% from Jan
Retail penetration of NEVs in China was 35.8 percent in February, up 2.9 percentage points from 32.8 percent in January.
Polestar cuts Polestar 4's price in China by $8,340, but only for 100 units
In addition to the limited-time discount, Polestar is also offering other limited-time benefits for the Polestar 4 including free upgrades to the smart driving suite.
China's Feb NEV retail sales down 41% MoM to 401,000, preliminary CPCA data show
In February, China's retail sales of all passenger vehicles totaled 1.092 million units, down 21 percent year-on-year and down 47 percent from January.
HiPhi refutes Faraday Future's allegations of trade secret infringement
HiPhi said that the X, Y and Z series models that have been mass-produced were developed by the company itself, or jointly with supplier partners, and have its own intellectual property rights.
Senior Chinese official says state-owned automakers not moving fast enough on NEVs
China will tweak its policy to give the three centrally-administered automakers a separate assessment of their NEV businesses, a senior official said.
Faraday Future sues HiPhi founder in China for alleged trade secret infringement
Faraday Future seeks monetary damages and demands that HiPhi's parent company, Human Horizons, immediately stop infringing on its trade secrets related to the FF 91.
China's Feb NEV wholesale at 450,000, down 34% from Jan, CPCA estimates show
February sales in China's auto market are expected to be the lowest of the year, the CPCA said.
GAC Aion adds new trim to Aion Y Plus, drops price by 17%
The new Aion Y Plus starts at RMB 99,800, RMB 20,000 lower than the previous entry-level price.
IM Motors secures over $1.1 billion in new financing
The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.
Chery's new iCAR brand launches 1st EV model iCAR 03, prices start at $15,260
The iCAR 03 has a boxy look, and Chery said it's a car for young people.
