Industry News
Buick launches Electra E4 electric SUV in China at competitive pricing
The Buick Electra E4 starts at RMB 189,900 in China, with deliveries set to begin in July.
HiPhi begins accepting pre-orders for HiPhi X and HiPhi Z in Europe, deliveries to begin in Q3
HiPhi's third model, the HiPhi Y, which will be launched in China on July 15, will also be introduced to the European market soon and will be available for pre-order there by the end of the year.
Polestar partners with Geely's Meizu to make in-car operating system that caters to Chinese consumers
Polestar will own 49 percent of the joint venture, with Xingji Meizu holding the remaining 51 percent.
US can't yet compete with China in EV production, says Ford chairman
"They developed very quickly, and they developed them in large scale. And now they're exporting them," Bill Ford said.
China auto exports expected to reach 4.4 million in 2023, over 30% to be NEVs, says Canalys
Chinese car penetration is expected to rise to 16.5 percent in Europe and 12.8 percent in Southeast Asia by 2025, according to Canalys.
Analysts expect 16% of heavy trucks sold in China to be electric by 2025
At present, 89 percent of the new energy heavy trucks are pure electric models, and half of them support battery swap.
Buick to launch Electra E4 coupe SUV in China on Jun 19
Only about 2 months ago on April 13, Buick launched the Electra E5 SUV -- its first model based on GM's Ultium platform -- in China.
China NEV retail sales in Jun 1-11 at 160,000, down 4% from same period last month, CPCA data show
From June 1 to June 11, retail sales of all passenger vehicles in China were 425,000 units, down 10 percent year-on-year and down 25 percent from the same period last month.
Voyah secures $2.1 billion in credit lines from 6 local banks
Voyah will raise a Series B round next and has plans for an initial public offering, its CFO said.
US EV startup Fisker plans to open delivery center in China this year
"I believe we can get production up and running in China as early as next year, potentially adding capacity of 75,000 Fisker Oceans annually," Fisker CEO said.
