EV Industry

Lotus Technology plans to merge with L Catterton Asia Acquisition Corp in order to list on the Nasdaq, issuing up to 181,315,064 ordinary shares.

Employees will be paid as usual until February 18, and after March 15 only HiPhi employees in Shanghai will receive basic pay, according to local media.

China's NEV penetration at retail was 32.8 percent in January, down 7.5 percentage points from 40.3 percent in December.

This means that the penetration of passenger NEVs at retail was 32.8 percent in January, down from 40.2 percent in December.

In January, China sold 445,000 BEVs, 46.06 percent lower than in December, and 284,000 PHEVs, 21.98 percent lower than in December.

China's January wholesale sales of passenger NEVs are expected to be 700,000 units, up 80 percent year-on-year, but down 37 percent from December, the CPCA said.

China's passenger NEV retail sales stood at 596,000 units in January 1-28, up 92 percent from a year earlier but down 24 percent from a month earlier, data from the CPCA showed. (I…

The Jiyue 07 will be unveiled at the Beijing auto show in April and deliveries will begin in the second half of the year, according to local media.

StarCharge is considering an IPO in Hong Kong, potentially raising about $500 million and seeking a $5 billion valuation, according to Bloomberg.

China's NEV sales performance didn't continue to deteriorate last week, despite the beginning of the year usually is a low point for sales.