Industry News
China NEV sales down 2.6% MoM to 636,000 in Apr, CAAM data show
Irrational promotions in China's auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.
Gotion becomes VW's designated battery supplier for markets outside of China
The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.
SAIC-GM-Wuling takes page from Nio's book to make its Mini EV even more affordable
SAIC-GM-Wuling is allowing consumers to pay only for the vehicle body and rent the battery when they buy the Mini EV, lowering the purchase threshold to RMB 19,800 ($2,860).
NEV demand in China expected to pick up in Q2, analysts say
Demand for NEVs is expected to pick up in the second quarter as lithium carbonate prices stabilize, according to analysts at CITIC Securities.
Chinese auto giants Geely and Changan sign strategic cooperation deal
In the first quarter, Changan and Geely ranked third and fourth, respectively, in China in terms of retail vehicle sales.
China passenger NEV retail drops 3.6% MoM to 527,000 in Apr, CPCA data show
China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.
SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25
SAIC-GM-Wuling's Baojun brand has released several images of the Yep, showing the model somewhat similar to the Suzuki Jimny.
China Apr NEV retail down 3% from Mar, preliminary CPCA data show
China's retail sales of passenger NEVs in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to the CPCA.
China's NEV wholesale in April at about 600,000 units, CPCA estimates show
China's auto industry price war faded in April, easing consumer wait-and-see sentiment and releasing suppressed demand, the CPCA said.
Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart
Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.
