EV Industry
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CPCA raises China NEV sales forecast, expects average monthly sales of over 600,000 units in next few months
The CPCA has raised its forecast for new energy passenger vehicle sales in China by 500,000 units to 6 million units in 2022, with the possibility of further increases in the fourth quarter.
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China's wholesale sales of passenger NEVs total 564,000 units in July, CPCA data show
Improved supply and expectations of higher oil prices have kept the NEV market booming with strong order books, the CPCA said.
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Chinese appliance giant Haier reportedly to jump on car-making bandwagon
Haier's plans to build cars are now in the planning stages, and it will adopt a contract manufacturing model, according to local media.
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Jidu aims to be capable of delivering 800,000 robot cars by 2028, says its self-driving tech ahead of Tesla
Jidu will soon announce a limited version of its first production robot car, which will be available for pre-order and is expected to be delivered in the second half of 2023.
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Jidu said to be seeking $400 million in financing at valuation of about $3.5 billion
The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said.
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Smart raises price of Smart #1 before it's even delivered in China
The price of the Smart #1 will be raised by RMB 5,800 ($860) for its highest-priced version before deliveries in China begin in September.
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China accounts for 59% of global NEV sales in H1
By comparison, the US and Europe contributed 11 percent and 26 percent of global new energy vehicle sales, respectively, in the first half of the year.
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China to extend purchase tax exemption for NEVs, says top govt meeting
China's policy of exempting NEVs from purchase taxes has been extended several times over the years.
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Local brands lead across the board in NEV consumer appeal in China
Nio ES8 ranked No. 1 in the luxury pure electric market, Li ONE ranked No. 1 in the mainstream plug-in hybrid market, and Xpeng P7 ranked No. 1 in the mid-size pure electric sedan market.
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Shanghai aims to see over 50% of vehicle sales be purely electric by 2025
Shanghai is accelerating the full electrification of public sector vehicles and encouraging the private sector to buy electric passenger cars, according to a carbon peak implementation plan.
