EV Industry

Dreame's EV unit shared a rendering in its first Weibo post, mentioning some specifications.

China's total passenger vehicle retail sales from September 1-14 totaled 732,000 units, down 4 percent compared to the same period last year.

Dreame has completed its first round of funding for its EV unit, just two weeks after officially announcing its entry into car-making.

From September 1 to 7, China's total passenger vehicle retail sales totaled 304,000 units, a 10 percent year-on-year decrease.

BEV sales in August rose 40.5 percent year-on-year, while PHEV sales grew 7.5 percent.

Dreame's founder led his team to Germany this week to scout factory locations for vehicle production.

August BEV sales rose 17.2 percent year-on-year, while hybrid vehicle sales fell 6.8 percent, marking the second consecutive month of year-on-year decline.

The new WM Motor aims to produce and sell 10,000 to 20,000 vehicles this year, with projected revenue of RMB 1 billion ($140 million) to RMB 2 billion.

This marks the sixth consecutive month since March that China's passenger NEV retail sales have seen a slowdown in year-on-year growth.

In the January to August period, China's NEV wholesale sales are estimated at 8.93 million units, a 34 percent year-on-year increase.