Industry News
SAIC says it is taking steps to reduce impact of chip shortage
Although the chip shortage will continue for some time, SAIC has the advantage of a strong industry chain system and will work with the industry to overcome the difficulties, the company said.
China's March auto sales forecast at 2.38 million units, up 64% from February
China's January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier.
GAC expected to unveil battery technology with range of up to 1,000km on Friday
GAC announced Wednesday that it will showcase its super-fast-charging battery technology as well as its silicon cathode battery technology at the annual GAC TECH DAY event on April 9.
Battery swap, a business model led by Nio, finds huge success in an area you wouldn't expect
Businesses that see the opportunity have copied Nio's BaaS model by bringing battery rental services to the sale of electric scooters.
Geely sells 5,657 NEVs in March, up 123% from February
Geely's sales of all vehicles reached 100,029 units in March, up about 37 percent from a year ago and about 30 percent from February.
Auto expert now expects chip shortages to take nine months to a year to ease
From traditional car companies like Volkswagen to emerging car companies like Nio, all are facing the impact of chip shortages this year. Now it seems that the supply and demand imbalance may last longer than originally expected.
SAIC reportedly cutting production by 200,000 vehicles due to chip shortage
The figure is equivalent to 3.6 percent of the company's sales of 5.6 million vehicles last year and 3.2 percent of this year's sales target of 6.17 million vehicles.
Analysts say China's smart car industry's 'Warring States Era' has just begun
With the addition of technology companies, the "Warring States Era" of China's industry has begun, the analysts said.
Another Chinese tech giant gets in! Didi has reportedly launched car-building project
For Chinese tech giants, there seems to be no one who doesn't want to enter the car-building arena, lured by the huge popularity of car-making newcomers, including Nio.
China registers 9.66 million new motor vehicles in Q1, record high for the same period
As of March 2021, China had 378 million motor vehicles, including 287 million cars.
