Industry News
IDC expects China to sell 1.16 million new energy vehicles in 2020
China's new energy vehicle market is poised for strong growth over the next five years, with a compound annual growth rate (CAGR) of 36.1 percent from 2020 to 2025, driven by a number of factors including policy drivers, according to market research firm IDC.
China's passenger car market sees average daily retail sales of 62,000 units in Nov, up 5% yoy
Average daily retail sales in China's passenger vehicle market were 62,000 units in November, up 5 percent year-on-year and 3 percent from October, according to data released today by the China Passenger Car Association (CPCA).
China's best-selling electric car sells a record 33,094 units in Nov
SAIC-GM-Wuling's Hongguang MINI EV, China's best-selling electric car, sold a record 33,094 units in November, making it the only vehicle in China's new energy market to sell more than 30,000 units in a single month this year.
Geely becomes first automaker to implement OTA upgrades for gasoline vehicles
Geely said that all customers who purchase the car before December 31 will be able to enjoy free OTA upgrades for one year.
GAC Aion announces its independence, launches new electric SUV Aion Y
The model is designed for young people who want to be trendy and innovative and has a bold color scheme.
Volvo's first EV unveiled at Guangzhou Auto Show
The car accelerates from 0-100 km in 4.9 seconds, has an NEDC range of 400 km, and is priced at RMB 357,000 yuan after subsidies.
SAIC-GM to launch OTA upgrades of in-vehicle systems in 17 of its vehicle lines
Through the OTA remote upgrade, SAIC-GM's in-vehicle systems will bring more intelligent voice interaction, richer content resources, a better human-machine interface, and more active services.
GAC New Energy changes its name to GAC Aion, may operate independently
GAC New Energy will formally announce the Aion brand at the Guangzhou Auto Show and announce the independence of GAC Aion, the company's source said.
Didi unveils D1, a car for sharing and built in partnership with BYD
Didi plans to launch the D3 with autopilot in 2025. Didi wants to remove the cockpit by 2030 to enable fully automated driving.
China's insurance industry is developing products for new energy vehicles
Currently, China's traditional auto insurance still lacks products to cover and manage the risk of batteries in new energy vehicles.