EV Industry

China's NEV penetration at retail is expected to be around 37.8 percent in August, up from 36.1 percent in July.

In the first three weeks of August, China's NEV penetration at retail stood at 37.06 percent, while it was 33.3 percent year-to-date.

Rox Motor has launched its first model, the Rox 01 EREV, which shares a large number of suppliers with Li Auto and has a significant price overlap with the Li L8.

HiPhi will raise the starting prices of two long-range versions of its HiPhi Y SUV in September, saying it's because they accounted for a larger-than-expected share of orders.

China's passenger NEV retail sales increased 38 percent year-on-year during August 1 to August 13, up 1 percent from the same period last month.

Baidu has partnered with Geely to create a new brand, Jiyue, with the first model, the Jiyue 01, entering a catalog of regulatory filings and is expected to debut in the fourth quarter.

NWTN will get a 27.5 percent stake in Evergrande NEV and the right to nominate a majority of the board of directors, valuing the Chinese carmaker at $1.82 billion.

China's passenger NEV retail sales stood at 88,000 units in August 1-6, up 38 percent year-on-year and up 8 percent from the same period last month.

From January to July, China's NEV sales increased 41.7 percent year-on-year to 4,526,000 units, contributing 28.96 percent of all vehicle sales.

BEVs sold 421,000 units at retail in July, accounting for 65.7 percent of all NEV retail sales.