Industry News
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.
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.
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.
Great Wall Motor sues 6 bloggers for reputation infringement
Great Wall has sued six bloggers for between RMB 2 million and RMB 5 million each, just after BYD sued another blogger the day before.
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.
Toyota's JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China's EV sector
In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.
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.
China to be center of Mercedes' next EV offensive starting in 2025, CEO says
Last month, there were rumors that Mercedes-Benz would build its next-generation models based on Nio's standards, though this was quickly denied by Nio.
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.
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.
