EV Industry

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.

The latest data was revised upward from the CPCA's previous estimate of 620,000 units.

Two people have died, cars have been swept away by floodwaters and streets have become rivers.

The HiPhi Y is HiPhi's key effort to enter the mainstream premium EV market, targeting the segment where the Nio ES6 is present.