EV Industry

The Qiantu K20 weighs as little as 780 kilograms and can accelerate from 0 to 100 kilometers per hour in 4.7 seconds.

Shenzhen will increase the availability of quotas for regular cars and provide subsidies to consumers who buy NEVs.

Mobileye has a business model that doesn't fit today's Chinese market, this article says.

To make the futuristic design ready for mass production, Jidu's engineering team solved a number of technical challenges for the molding process, its CEO said.

Although some companies in Shanghai and surrounding cities are starting to resume production, it will be difficult to return to normal levels by the end of May, the CPCA said.

By comparison, in other major markets, the median price of EVs is 45 percent to 50 percent higher than conventional products.

China's central bank today cut its benchmark LPR rate for 5-year and above by 15 basis points to 4.45 percent.

Hengchi 5's scheduled June 22 mass production date has been adjusted to September 20.

The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.

China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.