EV Industry

Jetour held its latest global fan festival at Liwa, the Middle East's premier winter desert automotive event, as its business spans 100 countries and regions.

China's overall passenger car retail sales in December are projected to come in at about 2.3 million units, marking a year-on-year decline of 12.7 percent.

From December 1 to 14, China's overall passenger vehicle retail sales totaled 764,000 units, a 24 percent decrease compared to the same period last year.

Nio Capital is one of Aulton's major shareholders, holding a 5.53 percent stake.

China's NEV exports surged 260 percent year-on-year in November to a record 300,000 units.

This marks a rare year-end decline in NEV sales over recent years, as support policies are scaled back.

BEV retail sales reached a record high in November, while hybrid models saw their fifth consecutive month of year-on-year decline.

Major EV makers have seen consecutive days of declines as year-end vehicle deliveries prove weaker than previous years amid tapering stimulus policies.

China's November NEV retail sales saw a modest increase, indicating year-end performance was not as robust as in previous years as trade-in subsidies phase out.

The CPCA said that trade-in subsidies adjustments in most Chinese provinces intensified consumer wait-and-see sentiment, impacting the auto market.