Industry News
China's NEV retail sales up 2.7% MoM to record 767,000 in Oct, CPCA data show
China's NEV penetration rate at retail was 37.8 percent in October, up from 36.9 percent in September.
Saudi Arabia's sovereign wealth fund in talks to invest in Chinese EV maker Human Horizons, report says
Saudi PIF could invest at least $250 million in Human Horizons at a valuation of $3 billion, and a deal could be reached as early as this year, according to Bloomberg.
China's NEV retail sales up 3% MoM to 765,000 in Oct, preliminary CPCA data show
China's passenger NEV penetration at retail stood at 37.7 percent in October, up from 36.9 percent in September.
SAIC's MG brand sees 1st Thailand-made MG4 EV roll off line
MG topped China's NEV exports in the first half of this year with a 25.3 percent share.
VW's software arm Cariad sets up joint lab with Vivo to explore phone-car integration
Cariad China's partnership with Vivo comes at a time when Chinese consumers are increasingly valuing the seamless experience of connecting their smartphones to EVs, which has even driven some EV makers, including Nio, to enter the phone making space.
China's Oct NEV wholesale volume at record 890,000 units, CPCA estimates show
China's October wholesale sales of passenger NEVs are expected to be 890,000 units, up 32 percent year-on-year and up 7 percent from September, the CPCA said.
Chery unveils concept car claimed to have world's lowest wind resistance
Chery said its new concept car achieves the world's lowest wind resistance of 0.168 Cd with the help of its bionic design with the inspiration of tuna fish.
BMW recalls 41,446 units of 5 Series plug-in hybrids in China over battery issue
The vehicles' high-voltage batteries have a dual-battery cell module design that risks causing thermal runaway.
Baidu-backed Jiyue officially launches its debut EV model to take on Tesla Model Y
The Jiyue 01 is larger and less expensive than the Tesla Model Y, while leveraging Baidu's capabilities on cockpit intelligence as well as smart driving to provide additional appeal.
CPCA expects China's Oct NEV retail sales at 750,000, up 0.9% from Sept
The penetration rate of NEVs at retail in October is expected to be around 37.1 percent, up from 36.9 percent in September.
