Industry News
Changan's EV unit Avatr plans to list in HK in 2025, report says
Avatr closed a RMB 3 billion Series B financing round in August, bringing its post-investment valuation to nearly RMB 20 billion.
BMW gets permit to test vehicles with L3 self-driving features in Shanghai
BMW has been permitted to test vehicles with self-driving features in Shanghai, becoming the second international automaker after GM to receive the permit in the city.
Geely unit LEVC to launch all-electric MPV in China in early 2024
LEVC, the manufacturer of London's famous black cabs, has begun previewing the model, codenamed L380.
China NEV retail sales at 187,000 in Dec 1-10, up 3% from same period last month
So far this year, China's passenger NEV retail sales amounted to 6.996 million units, up 34 percent year-on-year.
China's monthly NEV sales exceed 1 million for 1st time in Nov, CAAM data show
China sold a record 1,026,000 NEVs in November, including 929,000 sold locally and 97,000 exported.
JV between VW's software arm Cariad and Horizon Robotics officially established
The joint venture, Carizon, is headquartered in Beijing and plans to recruit more than 300 experts by the end of 2023.
China NEV retail hits record 841,000 in Nov, penetration exceeds 40% for 1st time, CPCA data show
BEVs sold a record 552,000 units at retail in November, accounting for 65.6 percent of all NEV retail sales.
China's NEV retail sales up 2% MoM to 783,000 in Nov, preliminary CPCA data show
China's passenger NEV penetration at retail stood at 38 percent in November, up from 37.8 percent in October.
GAC Aion enters Cambodian auto market with launch of Aion Y Plus
GAC Aion has entered the Cambodian automotive market in partnership with a local dealer, its second international market entry after Thailand.
China may achieve NEV penetration of over 50% 10 years early, says ex-industry minister
In October, China's NEV penetration at retail stood at 37.8 percent, up 7.6 percentage points from 30.2 percent a year earlier.