EV Industry
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Shenzhen's NEV penetration has reached 57% so far this year
To date, Shenzhen has 740,000 NEVs. The city plans to have that number reach 1.3 million by 2025.
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Guangzhou auto show resumes with new dates of Dec 30 to Jan 8
China has essentially abandoned the ZERO-Covid policy, making it possible for such large events to be held.
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Chinese EV startup Enovate to build production base in Saudi Arabia with annual capacity of 100,000 units
Enovate will form a joint venture with Saudi Arabia's Sumou Holding to build a production and R&D base in Saudi Arabia with an annual capacity of about 100,000 NEVs.
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China Nov EV battery installations: Total volume up 12.2% from Oct, CATL's share at 50.64%
BYD's power battery installation volume in November was 8.94 GWh, ranking second with a 26.09 percent share.
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China NEV sales at 786,000 units in Nov, a new record, CAAM data show
China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.
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Chinese EV startup Niutron still hopes to start delivering vehicles next year
Niutron's founder is currently approaching new production partners in a bid to resolve production issues and hope to start deliveries in the first half of next year.
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China retail sales of passenger NEVs in Nov at 598,000, CPCA data show
At retail, NEVs reached a record 36.3 percent penetration rate in November.
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Faraday Future to source LiDARs from Nio supplier Innovusion
Faraday Future has selected Nio supplier Innovusion's Falcon LiDAR to power the FF 91's autonomous driving system.
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Chinese EV startup Niutron to refund all consumers in major setback to its car-making efforts
Niutron's first model, the Niutron NV, went on sale only on October 8 and had received 24,376 orders.
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WM Motor plans backdoor listing in HK to solve financial woes, report says
WM Motor plans a backdoor listing through a reverse takeover of Apollo Future Mobility Group, which is already listed in Hong Kong, according to local media.
