Industry News
Qiantu inks deal with Mullen to tap US market, K50 supercar to be rebranded as Mullen GT and GTRS
Mullen has acquired Qiantu's North and South American intellectual property and distribution rights, allowing the assembly and distribution of the Qiantu K50 in the Americas.
Kia enters China's crowded EV market, 1st model expected to launch in Aug
The Kia EV6 will be brought to China as an import and is expected to go on sale in August this year. It will also launch the EV5 in November, its first model to be produced in China.
Polestar 3 officially unveiled in China, price cut by about $29,080 from previous
Polestar has officially unveiled the Polestar 3 in China today with what it calls a new pricing system.
SAIC-Volkswagen offers up to $7,250 discount as China auto price war continues
The offer has a deadline of April 30, and SAIC-Volkswagen plans to offer up to RMB 3.7 billion in subsidies for car purchases.
Financially troubled Enovate reportedly close to getting life-saving money
Enovate has already owed its employees two months of salary arrears and its factory in Changsha, Hunan province, has shut down production this year, according to local media.
LiDAR-maker Hesai posts Q4 revenue growth of 56.6% YoY in 1st earnings report since US IPO
Hesai began trading on the Nasdaq on February 9 and has accumulated a decline of about 36 percent since then.
More Chinese EV makers promise no price cuts as price war intensifies consumer wait-and-see sentiment
EV makers including Leapmotor, Neta and Denza have all introduced 90-day price protection policies.
VW joins China auto price war, offers up to $5,820 discount on ID. series EVs
FAW-Volkswagen's retail sales of NEVs in January-February were 9,572 units, down 8.3 percent from 10,442 units in the same period last year.
Changan's EV brand Shenlan offers up to $6,030 discount on vehicle purchases
Shenlan is currently selling only one model, the SL03, a Tesla Model 3 competitor, with 4,103 units delivered in February.
China NEV sales at 525,000 units in Feb, up 28.7% from Jan, CAAM data show
In January-February, China's vehicle sales decreased by 15.2 percent year-on-year while NEV sales increased by 20.8 percent year-on-year.
