Industry News
Chinese ministry encourages financial institutions to lower down payment ratios and loan interests for individual car purchases
The document encourages areas where purchase restriction policies exist to tilt plate quotas toward new energy vehicles, give support to carless families to purchase their first new energy family car, and study measures that do not restrict purchases.
These are the top-selling new energy models in China in January
With 25,778 units, Hongguang Mini EV held the top spot, selling far more cars than any other brands.
Pony.ai's first self-driving cars roll off production line
The cars will begin all-weather road testing in Guangzhou, Beijing, and Shanghai, and will join the company's robotaxi fleet in scaled operations.
Chinese ministry discusses supply shortages with auto chip companies
The MIIT suggested that automotive chip supply companies should pay attention to the Chinese market, increase the deployment of production capacity, and improve the efficiency of the distribution chain.
48% of global passenger car sales will be electric by 2030, says Canalys
Global electric vehicle sales grew 39 percent year-on-year to 3.1 million units in 2020, accounting for nearly 5 percent of all new vehicle sales, Canalys said.
WM Motor enters into $1.7B strategic partnership with Chinese financial institutions
The first RMB 3.5 billion credit facility from a syndicate of Shanghai-based banks has been signed and will be used primarily for WM Motor's operations and layout in terms of products and customer services, the company said.
China's January NEV sales up 238.5% year-on-year, but down about 28% from December
From the comparison with December, the faster rate of production decline reflects the lack of automotive chip supply affects the pace of production of enterprises, the CAAM said.
Great Wall Motor enters chip industry with investment in auto chip firm Horizon Robotics
Great Wall Motors announced today that it has completed a strategic investment in Horizon Robotics, an automotive chip company, which means it has officially entered the chip industry.
China Passenger Car Association expects auto chip shortage to ease gradually
The China Passenger Car Association (CPCA) said the shortage of automotive chips is due to a shortage of supply and a large increase in demand caused by the impact of the COVID-19 pandemic on the distributed global supply chain, and expects the problem to gradually ease.
SAIC's NEV sales reach 58,000 units in January, up 446.6 percent YoY
SAIC Motor said on February 8 that it became the top seller of new energy vehicles (NEV) in China in January with 58,000 energy vehicles sold in that month, up 446.6 percent year-on-year.