Industry News
Baidu's car-making effort clears major regulatory hurdle, 1st model to debut under new brand in Q4
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.
Evergrande NEV, mired in losses, announces $500 million investment from Middle Eastern investor
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.
Hyundai, Kia up bet on China EV market with charging facility tie-ups
Hyundai will work with China's Naas Technology on charging infrastructure, while Kia puts into operation the first supercharging station it built with Shell in China.
SAIC-GM-Wuling launches Baojun Yunduo compact EV with starting price of about $13,270
The Baojun Yunduo is the second model launched by the Baojun brand this year and is expected to compete with the BYD Dolphin and Volkswagen's ID.3.
Great Wall becomes latest Chinese automaker to tap into Indonesian market
Great Wall has officially launched its GWM brand in Indonesia and presented models including the Tank 500 HEV and Haval H6 HEV to local customers.
BMW recalls 29 EVs in China over charging issue
The vehicles covered by the recall may experience charging interruptions due to a supplier's production process error, resulting in the vehicle failing to start or the high-voltage system shutting down while driving.
China NEV retail sales at 88,000 in Aug 1-6, up 8% from same period last month
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.
China's Jul NEV sales down 3.23% MoM to 780,000 units, CAAM data show
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.
China's retail sales of NEVs down 3.6% MoM to 641,000 units in Jul, CPCA data show
BEVs sold 421,000 units at retail in July, accounting for 65.7 percent of all NEV retail sales.
GAC Aion's Hyper brand says it has built 14 swap stations
Hyper has built 14 battery swap stations in Guangzhou and Foshan and plans to build 500 stations in China by 2025.
