EV Industry

China's goal is to have 25 percent penetration of NEVs by 2025, but it now appears that target could be reached this year, according to a top government official.

Despite China's policy of halving purchase taxes on mainstream ICEvehicles, the momentum driving growth in the NEV market is strong, the CPCA said.

When the second phase of the site is completed, the number of charging spaces will be doubled to 48, and there will be a battery swap station.

The model comes in blue, green and black and the first open sales will be on a first-come, first-served basis.

The Chengdu auto show, scheduled to last 10 days, has been halted after four days due to local Covid control policies.

General industrial and commercial electricity use has been fully restored in Sichuan, and power is gradually being restored to large industrial companies, except for some high-energy-consuming enterprises.

The HiPhi Z with futuristic design is available in five-seat and four-seat versions with starting prices of RMB 610,000 ($88,800) and 630,000 respectively.

China and the US signed an agreement on audit regulation and will launch the cooperation in the near future, according to a statement.

Hong Kong's Financial Reporting Council said it supports mutual cross-border cooperation and will provide all necessary assistance and make appropriate arrangements within its mandate.

US accounting inspectors could arrive in Hong Kong as soon as next month to make sure it has full access to audit papers, paving the way for a final agreement.