Industry News
WM Motor says 'pre-restructuring' does not mean bankruptcy, denies founder fled overseas
WM Motor has denied reports that its founder Freeman Shen has fled to the US, leaving behind nearly RMB 40 billion in investments and debts.
Anhui aims to add about 400% more public chargers in 4 years
Anhui aims to have more than 500,000 public charging piles and 500 battery swap stations by 2027, which will meet the charging needs of 1 million NEVs.
HiPhi launches new variant of HiPhi Z with starting price reduced by $13,700
HiPhi has eliminated some premium features on the new variant of the HiPhi Z, thereby bringing down the starting price significantly.
US EV maker Fisker to open its 1st China retail store in Shanghai as early as Dec
"The EV industry is rapidly growing in China, and we want Fisker to be positioned as one of only two pure foreign EV brands," Fisker CEO said.
SAIC's EV arm IM Motors launches new SUV LS6: Prices start at $31,480, LiDAR standard
The LS6 is IM Motors' third model and the least expensive in its lineup, with a LiDAR and Nvidia Orin chip as standard.
GAC to invest in ride-hailing giant Didi's autonomous driving unit
GAC plans to invest up to $149 million in Didi's autonomous-vehicle subsidiary along with another company.
China's NEV sales up 6.86% MoM to record 904,000 units in Sept, CAAM data show
From January to September, China's NEV sales amounted to 6,278,000 units, accounting for 29.8 percent of all vehicle sales.
China's NEV retail sales up 4.2% MoM to record 746,000 in Sept, CPCA data show
China's NEV penetration rate at retail stood at 36.9 percent in September, up 5.1 percentage points from 31.8 percent a year earlier but down from 37.3 percent in August.
Porsche recalls 2,570 Taycan EVs in China due to risk of battery thermal runaway
The Taycan is one of the highest-priced EVs available in China, with a starting price of about $123,110.
WM Motor files for 'pre-restructuring', says it will seek rebirth
WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.
