Industry News
China's NEV ownership exceeds 20 million, 76% BEVs
By the end of 2023, China had 15.52 million BEVs, accounting for 76.04 percent of all NEVs.
China sells 1.2 million NEVs in Dec, nears 10 million for full year 2023, CAAM data show
China's total vehicle sales in 2023 stood at 30,094,000 units, the first time it has surpassed the 30 million mark, with NEVs contributing 31.6 percent.
Chinese EV tech firm U Power unveils skateboard chassis that can help automakers accelerate EV making
U Power said its UP Super Board can cut development time by at least six months, ultimately reducing the cost and time to market of EV products.
China's NEV retail reaches record 945,000 in Dec, 7.74 million for full year 2023
For the full year 2023, China's NEV penetration at retail was 35.7 percent, up 8.1 percentage points from 2022.
Chinese LiDAR maker Hesai unveils ultra-long range ADAS LiDAR AT512
The AT512 has 512 laser channels and a maximum detection range of over 400 meters.
Morgan Stanley cuts earnings estimates across China's auto chain
Morgan Stanley cut its price targets on Nio and Xpeng, while raising its price target on Li Auto and maintaining its Overweight rating on them.
Great Wall Motor's cars to be assembled in Malaysia starting in 2024
Malaysia's EPMB will locally assemble Great Wall Motor's electric vehicles, as well as a number of its models including its SUVs.
Evergrande NEV president detained on suspicion of criminal behavior
Evergrande NEV president Liu Yongzhuo has been taken into criminal detention on suspicion of violating the law, an announcement said.
Chery's Exeed brand rolls out new variant for Sterra ES, lowers starting price by $3,770
The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China's EV market.
Dongfeng's new brand Nammi launches 1st EV model with starting price of $10,470
Nammi is Dongfeng's new brand launched in August 2023 with the goal of surpassing 400,000 sales by 2025.
