Industry News
US EV maker Lucid exploring entry into China, exec says
Lucid has a team in China exploring the viability of entering the market, though there's no specific timeline yet.
China NEV retail up 9% MoM to 698,000 in Aug, preliminary CPCA data show
China's wholesale sales of passenger NEVs in August were 805,000 units, up 28 percent year-on-year and up 9 percent from July.
China Aug NEV wholesale sales at 800,000 units, CPCA estimates show
In January-August, China's passenger NEV wholesale sales are estimated at 5.08 million units, up 39 percent year-on-year, according to the CPCA.
Changan's EV brand Deepal delivers record 14,736 vehicles in Aug
Deepal's SUV model S7 delivered 10,039 units and SL03 sedan 4,697 units in August.
HiPhi raises prices of 2 HiPhi Y variants by $1,370 each
HiPhi previewed the price hike earlier this month, saying it was because the two long-range versions accounted for a larger-than-expected share of orders.
Changan's EV arm Avatr closes $410 million in new funding
Avatr's post-investment valuation reached RMB 20 billion, and Nio's stake in the company dropped from 0.81 percent to 0.67 percent.
China NEV retail sales at 538,000 in Aug 1-27, up 2% from same period last month
In the first four weeks of August, China's NEV retail penetration was 39.67 percent, while it was 33.70 percent year-to-date.
SAIC's 1st customized ocean-going car carrier launched
A previous report said that a number of Chinese automakers, including Chery and Nio, were planning to order their own car carriers.
Changan's new EV brand, Nevo, officially launched with goal of 1.5 million annual sales by 2030
Qiyuan's product matrix will include the A-series, Q-series, and E0-series, with four models to be released within this year, including the A05, A06, A07, and Q05.
Geely Galaxy starts pre-sales of L6 hybrid sedan, starting at $17,560
The L6 is Geely Galaxy's first sedan and the brand's second model after the L7 SUV.
