Industry News
EVs to contribute at least 62% of global car sales by 2030, study says
If sales continue up the S-curves, EVs will make up between 62 percent and 86 percent of global car sales by 2030, with China's EV market share reaching at least 90 percent.
FAW to begin mass production of models with Mobileye assisted driving system in 2024
FAW and Mobileye plan to start mass production of SuperVision-equipped models by the end of 2024, and vehicles with the hands-off, eyes-off Chauffeur technology are scheduled for mass production by the end of 2025.
China NEV retail sales at 172,000 in Sept 1-10, up 9% from same period last month
In the first 10 days of September, China's penetration of NEVs at retail was 39.18 percent, and 33.8percent year-to-date.
SAIC expects to sell over 1.2 million cars overseas this year
SAIC said it is in the process of selecting sites for its European vehicle manufacturing bases. The carmaker currently has four overseas vehicle manufacturing sites, and it sold 733,140 vehicles overseas in the January-August period.
China's public charging piles reach nearly 2.3 million, with 71% in top 10 regions
From September 2022 to August 2023, the average number of newly added public charging piles in China was 54,000 per month.
Kaixin Auto plans to acquire WM Motor as financially troubled EV maker drops plan for backdoor listing in HK
Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.
China Aug NEV sales up 8.46% MoM to record 846,000, CAAM data show
From January to August, China's NEV sales were 5.37 million units, up 39.51 percent year-on-year, accounting for 29.5 percent of all vehicle sales.
China NEV retail sales up 11.8% MoM to record 716,000 in Aug, CPCA data show
Retail penetration of NEVs in China stood at 37.3 percent in August, up 9 percentage points from 28.3 percent a year earlier and up from 36.1 percent in July.
US EV maker Lucid exploring entry into China, exec says
Lucid has a team in China exploring the viability of entering the market, though there's no specific timeline yet.
China NEV retail up 9% MoM to 698,000 in Aug, preliminary CPCA data show
China's wholesale sales of passenger NEVs in August were 805,000 units, up 28 percent year-on-year and up 9 percent from July.
