Industry News
China's Nov NEV wholesale sales hit record 940,000 units, CPCA estimates show
China's November wholesale sales of passenger NEVs are estimated at 940,000 units, up 29 percent year-on-year and up 6 percent from October, the CPCA said.
Baidu-backed Jiyue cuts price of 1st model by $4,200 one month after launch
Jiyue has slashed the starting prices of both versions of the Jiyue 01 by RMB 30,000 and is compensating customers who have already taken delivery for the difference.
BMW to build charging network in China with Mercedes, aiming for 1,000 supercharging stations by 2026
BMW Brilliance and Mercedes-Benz will set up a 50:50 shareholding joint venture to operate a supercharging network in China.
GAC Aion to build plant with annual capacity of 50,000 vehicles in Thailand
Total investment in the plant will be about $65.9 million and the first phase is expected to be completed by July 2024.
Changan's NEV unit Deepal starts selling 2 models in Thailand
The Deepal S07 and Deepal L07 received 6,452 pre-orders in the first 45 hours after the start of pre-sales, ahead of the start of formal sales.
China NEV retail sales at 563,000 in Nov 1-26, down 7% from same period last month
China's retail penetration of NEVs was 40.5 percent from November 1 to November 26, and 34.9 percent year-to-date.
Factbox: What brands are under Geely umbrella
Geely Holding Group is one of China's largest car companies, operating in eight sectors and owning dozens of brands.
Changan aims to get its Thailand plant into production by Q1 2025
Changan's production facility in Thailand will introduce models from sub-brands Deepal, Avatr, and Qiyuan, with an annual capacity of 100,000 units in the first phase.
Changan's NEV unit Deepal aims to sell 450,000 vehicles globally in 2024
Deepal delivered 15,513 vehicles in October, taking January-October deliveries to 102,417 vehicles.
Great Wall Motor to enter more European countries, plans to build local R&D center, report says
After Germany and the UK, Great Wall Motor plans to expand its presence in Europe to eight additional countries including Italy and Spain, according to local media.