Industry News

Dongfeng's NEV unit Voyah aims to sell 100,000 cars in 2024

Voyah delivered 50,552 vehicles in 2023, and the target implies about 100 percent growth. ...

Chinese startup Newrizon begins exporting battery swap-enabled electric trucks to Middle East

Newrizon, founded by a former Nio senior vice president, announced in February 2023 that it had secured more than RMB 100 million in Series B+ funding from Nio Capital. ...

Lotus launches Emeya electric sedan in China with starting price of $92,830

The Lotus Emeya is available in four trims, three of which feature four LiDARs. Customers who order now can expect delivery in 6-8 weeks. ...

CPCA expects China's Jan NEV retail sales to be 800,000 units, 15.3% lower than Dec

China's passenger car retail sales are estimated to be around 2.2 million units in January, down 6.5 percent from December. ...

Chinese lithium producer Ganfeng signs long-term supply deal with Hyundai Motor

Ganfeng will supply battery-grade lithium hydroxide products to Hyundai Motor under a contract valid from January 1, 2024 to December 31, 2027. ...

China's major automakers gather in Beijing to discuss industry development, report says

The meeting covered topics including promoting the development of the NEV industry, boosting NEV consumption, and encouraging the expansion in overseas markets, according to local ...

SAIC's new car carrier makes maiden voyage, aims to add 14 vessels in 3 years

A new car carrier joins the fleet of SAIC's Anji Logistics, bringing the total number of vessels to 31. ...

SAIC aims to sell 1.35 million vehicles overseas in 2024

SAIC sold about 1.21 million vehicles overseas in 2023, and the target implies a 12 percent growth. ...

China NEV retail sales at 226,000 in Jan 1-14, down 21% from same period last month

China's NEV sales performed even worse at retail last week, leading to a significant drop in sales in the first half of the month compared to the same period in December. ...

Polestar begins deliveries of Polestar 4 SUV in China

Polestar launched the Polestar 4 in China on the first day of the Shanghai auto show on April 17, 2023, and dropped the price significantly in November before deliveries began. ...
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