EV Industry
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China NEV retail up 28% year-on-year in May, back above 1 million units
BEVs sold 607,000 units in May, up 22.6 percent year-on-year, accounting for 59.5 percent of NEV sales.
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China NEV retail up 30% year-on-year to 1.06 million in May, preliminary CPCA data show
This marks the first time this year that China's NEV retail sales have returned to above 1 million units.
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Car carrier on fire carried vehicles from several Chinese brands, report says
Morning Midas was transporting about 3,000 cars from several Chinese automakers, including Chery and Great Wall Motor, according to Bloomberg.
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Car carrier sailing from China carrying EVs catches fire in Pacific Ocean
A car carrier departing from China and carrying EVs was abandoned after catching fire in the middle of the Pacific Ocean on Tuesday.
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CPCA estimates China's May NEV wholesale to grow 38% year-on-year to 1.24 million
In May, China's passenger NEV wholesale sales are expected to reach 1.24 million units, a year-on-year increase of 38 percent and a month-on-month increase of 9 percent.
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Nissan sees initial success in China's EV market, as N7 sedan secures 17,215 orders in 1 month
The N7's starting price is just RMB 119,900 ($16,650), marking one of the major comebacks by joint-venture automakers in China.
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BMW's China venture recalls 70 electric Minis due to battery issues
Due to production process issues, the power batteries in these vehicles pose a risk of overheating.
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Avatr expands into HK market with Avatr 11 SUV
Avatr launched the Avatr 11 SUV in Hong Kong, with a starting price of HK$513,800 ($65,540).
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China NEV retail at 726,000 in May 1-25, up 31% year-on-year
China's retail penetration of NEVs was 53.5 percent in the May 1-25 period, and 49.2 percent year-to-date.
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Chery offers discounts on multiple models across 4 brands as price war rages
Chery is offering discounts on a number of models, with a combined discount of up to 47 percent after subsidies.
