EV Industry

While vehicle hardware development is underway, Jidu has begun testing its assisted driving system in city and highway scenarios in Shanghai in October.

In terms of retail sales, the penetration rate of NEVs in China is expected to be about 28.8 percent in October, down from 31.8 percent in September.

Starting in October, WM Motor is paying only 70 percent of normal salaries to regular employees and 50 percent to management, according to local media.

Models in the RMB 100,000-300,000 price range contributed 67 percent of BEV sales in China in September.

Ganfeng Lithium's sales volume and average sales price rose as the market demand for lithium products increased due to the rapid development of the new energy industry.

As of today, all of Guangdong's 1,123 townships have public charging piles.

Aiways hasn't gained much of a presence in China, but its vehicles have made their way to a dozen other countries.

For PHEVs, which have significantly smaller battery capacities, Chinese Internet users are debating whether owners should occupy highway charging piles during peak travel seasons.

BEV sales in September were 539,000 units, up 77.2 percent year-on-year, while PHEV sales were 169,000 units, up 177.5 percent year-on-year.

At wholesale, NEV penetration was 29.4 percent in September, slightly lower than the previous month's record 30.1 percent. Retail penetration, however, reached a record 31.8 percent.