Industry News
Wuling slashes prices of electric Binguo SUV by up to 6%
- The variant with a range of 401 km now has a starting price of RMB 82,800 ($11,340), down 2.36 percent from RMB 84,800.
- The variant with a range of 510 km now has a starting price of up to RMB 89,800, down 6.26 percent from RMB 95,800.
Great Wall's Tank brand launches Tank 500 Hi4-Z to counter threat from BYD Fang Cheng Bao
The Tank 500 Hi4-Z has a big battery and a focus on fuel economy to counter the threat from BYD Fang Cheng Bao's Bao 8 SUV.
Avatr sells 11,067 cars in Dec, down 4.42% from Nov
- For the full year 2024, Avatr sold 73,606 vehicles, up 132.47 percent year-on-year.
- The company is targeting global sales of 400,000 vehicles by 2027, including no less than 60,000 in overseas markets.
Voyah delivers record 12,136 cars in Dec, targets 200,000 for 2025
- Voyah delivered 85,697 vehicles for the full year 2024, below its 100,000-unit target.
- The company is aiming to sell 200,000 vehicles in 2025 with at least four all-new or revamped models.
Rox Motor delivers record 1,268 cars in Dec
- This is the first time Rox Motor has announced delivery figures, saying it is the sixth consecutive month of sequential growth.
- Rox Motor was founded in January 2021 and launched its first model, Rox 01, on August 22, 2023.
SAIC's MG Motor to produce cars locally in Egypt
- MG will first produce the new-generation MG5 model in Egypt, with the local plant having an initial annual capacity of 50,000 units.
- SAIC plans to introduce more models in Egypt, including BEV and hybrid models.
IM Motors gets L4 autonomous driving road test license
- An IM Motors executive said the company officially received its L4 driverless road test license today.
- IM Motors was authorized to conduct L3 autonomous vehicle testing in December 2023 in Shanghai.
Hesai delivers more than 100,000 LiDARs in Dec
Hesai said it delivered more than 100,000 LiDARs in December, the first LiDAR maker in the world to reach the milestone.
Deepal sees 400,000th car roll off line, targets 500,000 sales in 2025
- Deepal saw deliveries surpass 36,000 units in December and more than 240,000 units for the entire 2024.
- The brand is targeting global sales of 500,000 units in 2025, of which 400,000 are expected in the domestic market and 100,000 in overseas markets.
China NEV sales in 2025 estimated to rise by 30% to 16.5 million
China's NEV sales, including exports, are expected to reach about 16.5 million units in 2025, with a penetration rate of more than 50 percent, a think tank expert said.