EV Industry

For most of the best-selling electric vehicle models, the amount of subsidies as a percentage of the selling price is only 4-11 percent this year, CITIC Securities said.

Edison Yu's team expects China NEV sales momentum to pick up in November and December, when a host of new models should drive sales to new highs and NEV subsidies are poised to exit.

The release of year-end automotive consumer demand is at risk and uncertain due to the recent rebound of the Covid outbreak in China, which has impacted auto showroom traffic and order patterns, the CPCA said.

Nvidia said Monday it will launch the A800 chip in China, which complies with recent US export control regulations.

Chinese cars are affordable, while Western manufacturers can't offer enough electric vehicles, Fitch Solutions said.

In the meantime, the Tianjin auto show will be held from November 10 to November 15 as planned.

US audit inspectors completed the first round of on-site inspections of Chinese companies ahead of schedule, signaling progress in the process of preventing the delisting of shares of US-listed Chinese companies, Bloomberg reported.

Sales in China's new energy passenger car market were muted in October, with leading manufacturers struggling to maintain growth, the CPCA said.

Ora appears to be aiming the Lightning Cat to reach a broader demographic than just female consumers, targeting one of the most competitive and spacious markets in China.

Evergrande NEV delivered the first Hengchi 5 vehicles to owners on October 29.