EV Industry
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Nio Capital leads Pre-A round of funding for self-driving sanitation vehicle startup Yunchuang
In November 2021, Yunchuang launched five YC-200 driverless sweepers in Suzhou's Jinji Lake Scenic Spot, saving dozens of laborers.
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Chinese consumers' answer to slow deliveries: Order them all and let EV makers compete for production
Whoever can be the first to schedule production for an order will win.
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Nio Capital reportedly leads investment in local computer CPU maker CIX Technology
Nio Capital led a recent funding round of about $50 million in ARM CPU startup CIX Technology, bringing the company's post-investment valuation to about $300 million, according to local media.
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Lotus' Wuhan plant sees first vehicle of Eletre 'Hyper-SUV' roll off line
Lotus' Wuhan plant, with a total investment of more than RMB 8 billion ($1.2 billion), was officially completed on July 15.
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Convertible version of Mini EV said to be launched in August
The Mini EV Cabrio will be available in two range options of 200 and 300 kilometers, with a price range of RMB 40,000 ($5,940) to 60,000, according to local media.
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Chinese state paper article calls for more policies to spur NEV consumption
China needs to further optimize NEV consumption to provide support for stable auto consumption and economic growth, according to an article in Economic Daily.
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Don't expect slowdown in China NEV growth before penetration reaches 50%, analyst says
China is the fastest-growing market for EVs, and penetration here is bound to be much higher than in overseas markets, the analyst said.
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Ora's Ballet Cat officially launched in China, prices start from about $28,700
Ora's Ballet Cat has stirred up controversy because of its similarity to the classic Volkswagen Beetle.
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Chinese BEV landscape explained in charts
These charts show the sales performance of BEV models in different price ranges in June.
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CITIC Securities raises its forecast for NEV sales in China to 6 million units this year
In the second half of the year, the electrification trend will continue at an accelerated pace as premium models become available and subsidies recede causing people to purchase vehicles earlier, the team said.
