EV Industry

So far this year, China's passenger NEV retail sales amounted to 5,482,000 units, up 34 percent year-on-year.

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 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 has eliminated some premium features on the new variant of the HiPhi Z, thereby bringing down the starting price significantly.

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 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.

WM Motor still has commercial value and some of its creditors are willing to reorganize, it said.

As of the end of September, China's BEV ownership stood at 14.01 million, accounting for 76.9 percent of the total NEV ownership.

China's NEV penetration at retail was 36.6 percent in September, down from 37.3 percent in August.

In the January-September period, China's passenger NEV wholesale sales were estimated at 5.92 million units, up 36 percent year-on-year, according to the CPCA.