Industry News
China's biggest property developer reveals logo of the cars it's making
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, today unveiled the logo of its vehicle brand, Hengchi.
Geely becomes first Chinese brand to sell more than 10 million vehicles in total
Geely Group recently announced that the company became the first Chinese brand to achieve 10 million passenger car sales after first entering the auto industry in 1997.
SAIC-GM-Wuling denies report of teaming up with BYD for micro electric cars
A media report recently claimed that BYD will be partnering with SAIC-GM-Wuling to form a new brand to create micro electric cars for urban mobility. In response, the Economic Observer quoted a SAIC-GM-Wuling executive as saying that this is fake news.
Kaixin Auto up 70% pre-market as it announces its subsidiary's proposed merger with Haitaoche
US-listed Kaixin Auto Holdings (KXIN.US) today announced the signing of a binding letter of intent to invest and a management restructuring with Haitaoche Limited on November 3.
China's best-selling electric car sees one-day sales of up to 1,200 units in October
SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold 23,762 units in October, up 18 percent from September, the company announced today.
China has built world's largest charging network for new energy vehicles
China has built the world's largest charging network, but it still lags behind consumer demand and needs to step up construction efforts and optimize the layout, Xin Guobin, vice-minister of the Ministry of Industry and Information Technology (MIIT), said November 3.
Volkswagen's all-electric SUV ID.4 CROZZ launched in China
Volkswagen Group, the world's largest automaker, has begun a full-scale push into the world's largest market for new energy vehicles.
China aims to have 20% penetration rate of new energy vehicles by 2025 in new plan
China's "New Energy Vehicle Industry Development Plan (2021-2035)" was released today, which mentioned that by 2025, new energy vehicle sales will reach about 20% of total new vehicle sales.
China's lithium-ion battery production up 26.6% year-on-year in Sept
China produced 1.99 billion lithium-ion batteries in September, up 26.6 percent year-on-year; lithium-ion battery production in the January-September period increased 7.8 percent year-on-year to 12.57 billion, according to China's Ministry of Industry and Information Technology.
Volvo's first car with Huawei's 'HMS for Car' to launch on Nov 20
The Huawei Mate 40 series was launched in China on October 30. Volvo's first model with Huawei's HMS for Car intelligent in-vehicle cloud service solution, the Volvo XC40 RECHARGE, was also on display at the launch event.
