Industry News
Beijing hit by rare rainstorms and floods
Two people have died, cars have been swept away by floodwaters and streets have become rivers.
Toyota consolidates R&D resources in China to increase bet on EVs
Toyota lists multiple moves, including renaming its R&D base in China, consolidating R&D resources at three joint ventures, and betting on autonomous driving technology.
HiPhi starts delivering its cheapest model HiPhi Y
The HiPhi Y is HiPhi's key effort to enter the mainstream premium EV market, targeting the segment where the Nio ES6 is present.
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.
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.
Audi launches e-tron GT in China, priced from $140,000
The Audi e-tron GT is powered by dual motors and can sprint from 0 to 100 km/h in 4.1 seconds with a WLTP range of 488 km.
Great Wall's Ora brand begins taking pre-orders for Funky Cat EV in Brazil
Pricing for the Ora Funky Cat in Brazil will be announced in August, and deliveries will begin in October.
BMW China team launches local R&D for L3 autonomous driving
BMW will be fully prepared for the future adaptation and application of L3 autonomous driving features in China in accordance with local regulatory requirements, it said.
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.
Audi partners with SAIC, to launch EV models for segments it hasn't yet covered in China
Through Volkswagen's partnership with Xpeng and Audi's with SAIC, Volkswagen is strengthening its position in the Chinese auto market, the German auto giant said.
