EV Industry
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Evergrande NEV jumps over 40% after stock sees dramatic plunge on 1st day of resumed trading
After today's rally, Evergrande NEV stock is still down about 45 percent from before trading resumed.
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China's gasoline demand could peak as early as next year as EV sales soar
The IEA now expects China's gasoline demand to peak in 2024, bringing forward previous forecasts of demand leveling off in 2025/2026.
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Evergrande's NEV unit sees loss drop 51% in 2022, but still $3.9 billion
Evergrande NEV earns RMB 130 million in 2022 from its main operations, well below RMB 2.5 billion in 2022 and RMB 15.5 billion in 2020.
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China NEV retail at 442,000 in Jul 1-23, down 2% from same period last month
July is traditionally a slow season for the auto market, with hot weather restricting consumers from visiting stores, the CPCA said.
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Shanghai regains position as China's top NEV-producing city
In the first half of the year, Shanghai produced 611,500 NEVs, contributing 16 percent of China's NEV production.
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WM Motor eyes overseas markets as it struggles at home
WM Motor said earlier this month that it is in the process of settling its debts in an orderly manner and is actively pushing ahead with plans to sell NEVs overseas.
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CPCA expects China Jul NEV retail sales to fall 6.8% MoM to 620,000
The penetration rate of NEVs at retail in July is expected to be around 35.8 percent, up from 35.1 percent in June.
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China exports 2.34 million vehicles in H1, NEVs contribute 34%
NEVs exported from China amounted to 800,000 units in the first half of the year, up 105 percent year-on-year.
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HiPhi to start delivering HiPhi Y on Jul 29, gets 2,000 firm orders in past week
In the past week, the HiPhi Y received 2,000 firm orders and more than 50,000 purchase intentions, a HiPhi executive said.
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Lotus begins delivery of EVs equipped with digital rearview mirrors, becoming 1st to do so in China
Lotus delivered the first Eletre EVs with digital rearview mirrors to owners on July 21 at its plant in Wuhan, Hubei province in central China.









