EV Industry
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China Nov retail sales of NEVs expected to be 600,000 units, CPCA says
In terms of retail sales, the penetration rate of NEVs in China is expected to be about 32.3 percent in November. This is a new historical record.
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Financially troubled WM Motor sees about half of its Shanghai stores close, report says
The number of WM Motor stores in Shanghai has been reduced from about 20 to about 12, and most of the stores in the city's shopping malls have closed, according to local media.
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Spy photos show Lotus testing electric sedan
The model is the Lotus Envya, which will take on the Porsche Taycan, according to local media.
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WM Motor cuts employee salaries to cope with financial pressure, internal letter shows
The Covid epidemic, rising raw material costs, and untimely parts deliveries have severely impacted WM Motor's production and operations, said WM Motor's CEO.
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Kia launches EV offensive with opening of its 1st City Store in China
Kia's first City Store in China is located in a central business district in Xi'an, and its all-electric EV6 will be one of the first models to be showcased at the store.
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Jidu teases its second model, possibly a sporty coupe
Judging from the image, Jidu's second model will probably be a sporty coupe with large dimensions.
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Self-driving chip maker Black Sesame enters strategic partnership with ZTE
The two will work together to build an automotive software and hardware platform and jointly promote the establishment of an automotive electronics ecosystem alliance.
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US regulators get 'good access' in reviewing Chinese firms' audits, report says
This is a key step in resolving a long-running bilateral dispute, a Reuters report said.
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Oct sales of major EV makers: Deliveries vs insurance registrations
Nio vehicles had 9,806 insurance registrations and 10,059 deliveries in October.
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Jinko Solar says over 50% of its electricity comes from clean energy at 14 sites worldwide
Jinko Solar has achieved 100 percent green power in production at three of its sites.
