Industry News
China EV market getting through rough patch and should return to normal trend growth by spring, says Deutsche Bank
On a full-year basis, the reopening of China will have a positive impact on consumer sentiment and should boost vehicle production and sales in the second quarter, said Edison Yu's team.
China’s retail sales of passenger NEVs at record 640,000 units in Dec, CPCA data show
For the full year 2022, retail sales of new energy passenger vehicles in China were 5.67 million units, contributing 27.6 percent of all passenger vehicle sales.
Announcing EV sales figures becomes war: Here’s how it originated, and what Dec numbers tell
Nio reported the first ever monthly delivery update on October 15th 2018. It then evolved the infographic to the next level.
Lotus to allow Eletre buyers to opt for e-mirrors, set to be 1st to do so in China
Deliveries of Lotus Eletre with optional electronic exterior mirrors will begin as early as July 1, 2023, the first day that Chinese regulations will allow car companies to use such mirrors.
China’s retail auto sales exceed 2.4 million in Dec, up 47% from Nov, preliminary CPCA data show
The CPCA did not release preliminary sales figures for NEVs in December. Previous figures showed the CPCA expected the figure to be around 700,000 units.
Chinese consumers’ demand for cars set to fall in Jan, industry body says
Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.
Nio Capital leads Series A funding round in local battery recycling firm
Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.
Goldman Sachs raises 2023 forecast for China auto sector to reflect faster-than-expected Covid reopening
After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
GAC Aion sells 30,007 vehicles in Dec, up 4% from Nov
For the full year 2022, GAC Aion sold 271,156 units, up 126 percent year-on-year.
GAC Aion unveils Hyper GT, 2nd model of its Hyper brand
The Hyper GT has a wind resistance coefficient of only 0.19 Cd, the lowest of any production car in the world, GAC Aion.
