Industry News
Smart teases Smart #3, releases official 'spy shots'
Smart has released a set of spy photos of the Smart #3 on Weibo, with text suggesting that the model will have sporty features.
SAIC's Rising Auto launches battery swap-enabled mid to large-size sedan F7
The Rising F7 starts at a price range of RMB 209,900 ($30,490) to RMB 301,900, or RMB 145,900 in battery rental mode.
Chery's NEV unit cuts vehicle prices by up to 10%
In January-February, Chery's NEV sales were 13,293 units, down 57.6 percent from 31,367 units in the same period last year.
LiDAR-maker Hesai to set up software R&D headquarters in Chongqing
Hesai shipped 80,462 LiDAR units for the full year 2022, up 467.5 percent year-on-year.
CPCA expects China's Mar NEV retail sales to rise 27.5% from Feb to 560,000 units
The overall market is recovering at a slower pace than previously expected due to increased consumer wait-and-see sentiment caused by big price cuts, the CPCA said.
Evergrande NEV warns risks of production halt if it can't get additional liquidity
Evergrande NEV's only model currently on sale, the Hengchi 5, has delivered more than 900 units, according to an exchange announcement.
CAAM calls for return to normal order in China's auto industry as price war disrupts sector
Reducing prices to deal with inventory and properly recover costs are normal business practices, but these tactics should not turn into price wars, the CAAM said.
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.
