Industry News
China NEV sales up 12.41% MoM to 806,000 in Jun, CAAM data show
In the first half of the year, China's NEV sales amounted to 3,745,000 units, contributing 28.3 percent of all vehicle sales.
Audi reportedly looking for platform partners in China
Audi is considering buying a platform from a competitor for the first time in China to shorten the development time of its models, according to German media outlet Automobilwoche.
China Jun NEV retail sales up 14.66% MoM to 665,000 units
PHEVs sold a record 217,000 units at retail in June, contributing 32.6 percent of NEV retail sales and up 100.2 percent year-on-year.
Cadillac takes page from Nio, dramatically reduces Lyriq prices in China by scaling back benefits
Cadillac has turned a package of benefits into an option that reduces the Lyriq's prices in China by RMB 60,000 and also offers a limited-time discount of RMB 18,000 on the model.
China NEV ownership reaches 16.2 million by Jun
By the end of June, China's pure electric vehicle ownership stood at 12.594 million, accounting for 77.8 percent of total NEVs.
CAAM retracts call for automakers to not disrupt market with abnormal prices
The statement in the pledge, "not to disrupt the fair competition order of the market with abnormal prices," was inappropriate and inconsistent with the principles of China's anti-monopoly law, the CAAM said.
VW offers big discounts for ID series EVs in China
SAIC-Volkswagen is offering discounts of up to RMB 42,000 for the ID.3, while FAW-Volkswagen's ID.6 CROZZ is priced at RMB 63,000 less than its website shows.
Chinese industry regulator says automakers should not compete with abnormal prices
Auto industry players should not disrupt fair competition with abnormal prices and should avoid cutting prices in a reckless manner, a MIIT official said.
Carmakers, including Tesla, BYD, Nio, Xpeng, Li Auto, pledge to jointly maintain order in China auto market
These car companies have pledged to regulate their marketing activities and not to disrupt the order of fair competition in the market with abnormal prices.
Local brands expected to capture over 50% of China's auto market for 1st time this year, AlixPartners says
Chinese automakers have now crossed the inflection point for global influence, with local brands expected to hold 65 percent of the market share in China by 2030, AlixPartners said.
