Industry News
Mercedes-Benz launches EQE SUV in China, prices start at $68,660
The EQE SUV is priced at about half the price of the EQS SUV that Mercedes-Benz launched in China on February 21.
China NEV retail up 13% MoM to 372,000 in 1st 3 weeks of May, CPCA data show
Retail penetration of NEVs in China was 35.6 percent in the first three weeks of May.
SAIC-GM-Wuling launches new mini EV Yep, prices start at $11,290
The Baojun Yep is available in two versions, with the pricier one equipped with a smart driving system developed by SAIC-GM-Wuling with drone maker DJI.
LiDAR maker Hesai posts record Q1 revenue
Hesai began trading on the Nasdaq on February 9 and has suffered a prolonged sell-off since then, with a cumulative decline of more than 60 percent to date.
CPCA expects China NEV retail sales to rise 10.5% MoM to 580,000 in May
Passenger vehicle sales in China are expected to be around 1.73 million units in May, up 27.7 percent year-on-year and up 6.6 percent from April, the CPCA said.
SAIC expects its 1st model with solid-state battery to roll off line in 2025
SAIC is ramping up development work on solid-state battery cells, with its first production model powered by solid-state battery set to roll off the assembly line in 2025, it said.
Dongfeng and Honda's JV exports cars from China for 1st time
Dongfeng Honda has sent a shipment of hybrid Honda CR-Vs and all-electric e:NS1s from Shanghai to Europe, with the vehicles expected to arrive at a Belgian port in late June.
Wuling cuts prices on its mini EVs by up to $1,850
Wuling said the move is in response to China's call to boost consumption of NEVs in rural areas.
China EV transition: Shanghai fuel car license plate auction participants hit 99-month low
Shanghai, home to Tesla's China factory and Nio's global headquarters, has seen NEV penetration reach about 50 percent.
Price competition in China auto industry poised to ease in May, analysts say
Discounts on passenger cars in China continued to expand in April, but the industry is seeing some positive changes heading into May.
