EV Industry

Skyworth Auto has signed a 10-year partnership agreement with Saudi Arabia's KAG, with the first phase of a five-year partnership having a business plan worth RMB 10 billion ($1.38 billion).

In April, China's retail sales of all passenger vehicles stood at 1.585 million units, down 2 percent year-on-year and 6 percent lower than in March.

Since the beginning of the year, consumers have been in a wait-and-see mood, and the passenger car market has not been able to regain momentum in sales, the CPCA said.

China's new energy industry provides high-quality production capacity that enriches global supply and eases global inflationary pressures, and the world needs more of such high-qua…

HiPhi has recently received a strategic investment from a Hong Kong-based organization that will help it resume operations and production, which could happen in late April or early May, according to local media.

Price wars intensified in China's auto market in April, with overall discounts slightly higher than in March, the CPCA said.

Xiaomi's press event will be held at 9:20 - 9:40, Nio at 10:00 - 10:20 and BYD at 11:40 - 12:00.

China's retail penetration of NEVs was 49.3 percent in April 1-21 and 38.56 percent year-to-date.

The two venues of the 2024 Beijing auto show have a total area of 220,000 square meters and 278 NEV models will be on display.

Founded in 2006, Zhido once dominated China's all-electric mini EV market, but entered bankruptcy reorganization in 2019.