Industry News
HiPhi launches HiPhi Y with starting price almost same as Nio ES6 to target mainstream premium EV market
The HiPhi Y, which starts at just RMB 1,000 more than the Nio ES6 but far less than HiPhi's other two models, is trying to get a piece of the mainstream premium EV market.
Regulatory filing: Cadillac files for new electric SUV Optiq in China
The Optiq is smaller in size than Cadillac's only EV currently on sale in China, the Lyriq, and is expected to take on stiff competition at lower prices.
Regulatory filing: Avatr files for Avatr 12 that could compete with Nio ET7
The Avatr 12 is a mid-to-large-sized sedan that will be powered by electric motors supplied by Huawei and will be available in single-motor and dual-motor versions.
Great Wall plans to start production of its Haval brand models in Uzbekistan this year
Great Wall aims to start producing its Haval-branded models in Uzbekistan within 2023 and by 2024 see an annual production capacity of more than 10,000 units.
Chinese lithium giant Tianqi leads Series A funding in Mercedes-Geely JV Smart with $150 million
Tianqi has acquired a 2.83 percent stake in Smart, giving the Mercedes-Geely JV a valuation of $5.3 billion.
Buying BEV platform in China could be 'big bang' for VW stock to win over large investors, says Deutsche Bank
Buying a BEV platform in China could be one of the "big bangs" needed for Volkswagen stock to break out of what can by now only be characterized as being largely ignored by many of the largest asset managers globally, Deutsche Bank said.
SAIC's MG brand cuts MG Mulan EV price by 17% in China
The MG Mulan is a compact EV launched by the MG brand in September 2022 and a model for the global market.
Audi reportedly in talks to buy platform from SAIC's EV unit IM Motors
Audi seeks to take over the EV platform owned by IM Motors, with talks in an advanced stage, according to a Reuters report.
China NEV retail sales at 122,000 in Jul 1-9, down 1% from same period last month
In the first week of July, China's NEV penetration at retail stood at 36.5 percent, with year-to-date penetration at 32.55 percent.
Automakers' share in China NEV market in Jun: BYD 34.7%, Tesla 11.2%
Nio sold 54,561 units in the January-June period, placing it in 10th place with a 1.8 percent share in the first half of the year.
