Industry

Didi reportedly faces over $1 billion in fines as yearlong investigation comes to end
Once the penalties are announced, the government plans to ease a previous ban on Didi from adding new users to its platform, according to the Wall Street Journal. ...
Chinese consumers' answer to slow deliveries: Order them all and let EV makers compete for production
Whoever can be the first to schedule production for an order will win. ...
Lotus' Wuhan plant sees first vehicle of Eletre 'Hyper-SUV' roll off line
Lotus' Wuhan plant, with a total investment of more than RMB 8 billion ($1.2 billion), was officially completed on July 15. ...
BAIC BluePark plans to raise up to $1.2 billion via new share offering
BAIC BluePark said in an earnings preview on Thursday that it expects a net loss of RMB 1.8 billion to RMB 2.2 billion for the first half of the year. ...
Volkswagen expects ID. series EVs to deliver 15,000-20,000 units per month in China in H2
Volkswagen's ID. series delivered 17,600 units in China in June, up 107 percent from May. ...
JAC expects to see losses in H1 as chip and battery prices rise
JAC's gross profit from its main businesses decreased by about RMB 832 million in the January-June period compared to the same period last year due to rising prices of raw material ...
Convertible version of Mini EV said to be launched in August
The Mini EV Cabrio will be available in two range options of 200 and 300 kilometers, with a price range of RMB 40,000 ($5,940) to 60,000, according to local media. ...
Chinese state paper article calls for more policies to spur NEV consumption
China needs to further optimize NEV consumption to provide support for stable auto consumption and economic growth, according to an article in Economic Daily. ...
Tianqi Lithium expects H1 net profit to rise over 110 times year-on-year
Tianqi Lithium attributed the big increase in its first-half results to the significant growth in sales volume and selling price of its lithium products. ...
Mini EV maker Wuling announces entry into hybrid market
SAIC-GM-Wuling sold more than 120,000 units of all vehicles in June, including 6,249 units of the Hongguang Mini EV. ...