Industry News
Chinese brands take 75% share of Southeast Asia's EV market in Q1, says Counterpoint
BYD, Hozon and SAIC together accounted for more than 68 percent of the Southeast Asian BEV market in the first quarter.
Changan's EV unit Avatr to start deliveries of Avatr 12 this year, 2 extra models coming next year
Avatr's two new models, internally codenamed E15 and E16, will also go on sale in 2024.
SAIC confirms it's working with Audi on EV platform
SAIC and Audi believe that China's auto market is undergoing an unprecedented and dramatic transformation, and will therefore further deepen their strategic cooperation.
China NEV retail sales at 267,000 in Jul 1-16, down 3% from same period last month
In the first two weeks of July, China's NEV penetration at retail stood at 38.9 percent, with year-to-date penetration at 32.8 percent.
Mercedes-Benz recalls 32,786 imported S-Class and EQS vehicles in China due to software issue
Due to a software issue, the ESP internal monitoring program in the vehicles covered by this recall may incorrectly determine a malfunction at the start of the driving cycle.
Self-driving startup HoloMatic closes $140 million Series C funding round
HoloMatic expects its losses to narrow dramatically by 2024 and to break even by 2025, when it will apply for a stock market listing.
Over 60% of NEVs sold in China in Q1 fitted with L2 driver assistance systems, Canalys says
A total of 13 percent of NEVs were equipped with more advanced L2+ driver assistance systems, with Li Auto and Nio contributing about half of that total.
Mercedes-Geely JV Smart launches Smart #1 in Switzerland, Spain
The Smart #1 will also be available in Italy, the Netherlands, and Portugal, and the Smart #3 will be officially launched and deliveries will begin in Europe early next year.
Great Wall launches Tank 500 SUV in Bahrain
Great Wall Motor has launched the Tank 500 SUV in Bahrain, the fourth Middle Eastern market the model has entered after the UAE, Saudi Arabia and Oman.
SAIC's EV unit Rising Auto plans to add over 50 swap stations by year-end
Rising Auto said in March that it has three battery swap stations in Shanghai and has completed the selection of sites for more than 50 battery swap stations in 10 cities.
