EV Industry

Evergrande NEV has been actively bringing in strategic investors, with both local governments and several companies currently expressing interest in investing, its president said.

Evergrande NEV's plant in Tianjin will halt production from August 18 due to a shortage of materials, according to local media.

A large number of semiconductor makers, including SK Hynix and NXP Semiconductors, have factories in Chongqing, and power shortages could have an impact on semiconductor supplies.

Nio and Aulton are the major players in the space, but for different groups. A month ago, Nio reached the 10 million battery swap service milestone.

HiPhi Z, Zeekr 009 and a new version of the BMW i3 appear in a regulatory catalog.

With China's policy support, the auto market will maintain steady growth in August, the CAAM said.

BYD has reached a good level of vehicle registrations in Norway, while Nio vehicle registrations are growing at the fastest rate among Chinese brands, says CITIC Securities.

As ownership of conventional ICE vehicles shrinks dramatically, the tax gap will need to be filled by a tax system for EVs, the CPCA said.

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.

Improved supply and expectations of higher oil prices have kept the NEV market booming with strong order books, the CPCA said.