Industry News
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.
Full CPCA rankings: Top-selling models and automakers in China in Feb
This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February.
China auto price war: BMW dealers offer discounts of up to $14,360 for i3
A rare price stampede is taking place in the Chinese auto market.
China Feb retail sales of passenger NEVs up 32.8% from Jan to 439,000 units, CPCA data show
In terms of retail sales, China's NEV penetration rate was 31.6 percent in February, up nearly 10 percentage points from a year ago and up from 25.7 percent in January.
