EV Industry

Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.

Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.

After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.

ROBO-02 has no door handle like ROBO-01, and the doors can be opened using voice and Bluetooth included.

Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.

Major automakers including BYD, Tesla, Nio, and Li Auto were relatively unaffected, as they all have a certain level of order backlog, according to CICC.

This is another major adjustment to the Covid control policy since China began implementing strict Class A infectious disease prevention and control measures on January 20, 2020.

In terms of retail sales, China's NEV penetration rate is expected to be about 31.8 percent in December, lower than the 32.3 percent in November.

The HiPhi Z coupe has a starting price of RMB 610,000, with the first production cars rolling off the production line on December 20.

Lucid's website has opened up 14 jobs in China, all of them based in Shanghai, in areas including hardware engineering, supply chain and retail.