Industry News
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.
VW boosts investment in EV charging network in China
Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan in charging station operator CAMS to accelerate the deployment of charging network in China.
China Jun NEV retail up 10% MoM to 638,000, preliminary CPCA data show
This is below the CPCA's June 25 estimate of about 670,000 units.
GAC Aion's Hyper brand launches Hyper GT sedan, offers battery swap-enabled version
The battery swap-enabled trim of the Hyper GT starts at RMB 239,900, which Hyper claims can replace the battery in as little as two minutes.
China NEV wholesale at about 740,000 in Jun, CPCA estimates show
In the first half of the year, wholesale sales of passenger NEVs in China are expected to be 3.53 million units, up 44 percent year-on-year.
GAC Aion sells 45,013 vehicles in Jun, 4th straight month over 40,000
The Hyper GT, the second model of GAC Aion's Hyper brand, will be launched on July 3.
LiDAR maker RoboSense files for HK listing
In 2022, RoboSense had 953 customers, including Geely, GAC Aion, Great Wall Motor, Xpeng, Lotus and Lucid.
Chinese brands expected to contribute 9% of NEV sales in Western Europe in 2023, says TrendForce
Western Europe is a traditional stronghold for international carmakers, and it's difficult for Chinese brands to stand out, TrendForce said.
GAC Aion announces entry into Thailand with plans for local production
GAC Aion will set up its Southeast Asia headquarters in Thailand within this year, with local production in the country in active preparation, it said.