EV Industry
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China Jul NEV retail drops 3% MoM to 647,000, preliminary CPCA data show
The latest data was revised upward from the CPCA's previous estimate of 620,000 units.
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Smart delivers 4,292 EVs in China in Jul, up 12% from Jun
Smart delivered a total of 27,702 EVs in China from January to July, bringing the total number of units delivered in China since the electrification transition to 37,044.
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Beijing hit by rare rainstorms and floods
Two people have died, cars have been swept away by floodwaters and streets have become rivers.
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HiPhi starts delivering its cheapest model HiPhi Y
The HiPhi Y is HiPhi's key effort to enter the mainstream premium EV market, targeting the segment where the Nio ES6 is present.
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Evergrande NEV jumps over 40% after stock sees dramatic plunge on 1st day of resumed trading
After today's rally, Evergrande NEV stock is still down about 45 percent from before trading resumed.
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China's gasoline demand could peak as early as next year as EV sales soar
The IEA now expects China's gasoline demand to peak in 2024, bringing forward previous forecasts of demand leveling off in 2025/2026.
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Evergrande's NEV unit sees loss drop 51% in 2022, but still $3.9 billion
Evergrande NEV earns RMB 130 million in 2022 from its main operations, well below RMB 2.5 billion in 2022 and RMB 15.5 billion in 2020.
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China NEV retail at 442,000 in Jul 1-23, down 2% from same period last month
July is traditionally a slow season for the auto market, with hot weather restricting consumers from visiting stores, the CPCA said.
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Shanghai regains position as China's top NEV-producing city
In the first half of the year, Shanghai produced 611,500 NEVs, contributing 16 percent of China's NEV production.
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WM Motor eyes overseas markets as it struggles at home
WM Motor said earlier this month that it is in the process of settling its debts in an orderly manner and is actively pushing ahead with plans to sell NEVs overseas.
