Industry News
China auto sales sluggish on consumer sentiment, improvement expected in Q2, says Deutsche Bank
Price wars have now become the consensus among investors, setting a relatively low bar for EV makers to beat.
Seres unveils new NEV brand Landian and 1st model E5 with BYD, Huawei technology
The Landian E5 is a mid-size plug-in hybrid SUV with a starting price of RMB 139,900.
SAIC-GM-Wuling launches new EV model, price from $8,680
In the January-February period, SAIC-GM-Wuling sold 50,433 NEVs in China, second only to BYD and Tesla.
Smart teases Smart #3, releases official 'spy shots'
Smart has released a set of spy photos of the Smart #3 on Weibo, with text suggesting that the model will have sporty features.
SAIC's Rising Auto launches battery swap-enabled mid to large-size sedan F7
The Rising F7 starts at a price range of RMB 209,900 ($30,490) to RMB 301,900, or RMB 145,900 in battery rental mode.
Chery's NEV unit cuts vehicle prices by up to 10%
In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.
LiDAR-maker Hesai to set up software R&D headquarters in Chongqing
Hesai shipped 80,462 LiDAR units for the full year 2022, up 467.5 percent year-on-year.
CPCA expects China's Mar NEV retail sales to rise 27.5% from Feb to 560,000 units
The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.
Evergrande NEV warns risks of production halt if it can't get additional liquidity
Evergrande NEV's only model currently on sale, the Hengchi 5, has delivered more than 900 units, according to an exchange announcement.
CAAM calls for return to normal order in China's auto industry as price war disrupts sector
Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said.
