EV Industry

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.

BYD's power battery installation volume in November was 8.94 GWh, ranking second with a 26.09 percent share.

China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.

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.

At retail, NEVs reached a record 36.3 percent penetration rate in November.

Faraday Future has selected Nio supplier Innovusion's Falcon LiDAR to power the FF 91's autonomous driving system.

Niutron's first model, the Niutron NV, went on sale only on October 8 and had received 24,376 orders.

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.

Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.

Evergrande NEV has suspended mass production of its sole model, the Hengchi 5, due to a lack of sufficient new orders, according to Reuters.