EV Industry

Electric vehicle maker aims to raise $20 million from its Nasdaq IPO, down from a previous $150 million target, which is only enough to fund its operations for a year.

Jidu said its robot car design is inspired by spaceships, with advanced self-driving capabilities and an ultra-intelligent cockpit.

Shanghai's next Covid prevention and control will be divided into three phases, with the goal of a full return to normal life and company production order in June.

Shopping centers, department stores, supermarkets, convenience stores and other commercial outlets will be gradually resuming offline operations in an orderly manner.

Supply chains across China are in disruption because of the Covid outbreak, and WM Motor's manufacturing sites in Wenzhou and Huanggang have inevitably been affected, it said.

This is the best analysis we have seen of the Chinese automotive supply chain and what impact Covid has had.

A new round of policies to boost auto consumption in rural areas will be released soon, possibly as soon as this month, Cailian reported.

China's NEV supply is expected to improve significantly in May compared to April, with retail sales of NEVs expected to show high growth compared to April, the CPCA said.

HiPhi X has accumulated nearly 6,000 deliveries and sold at an average price of nearly RMB 700,000 ($103,950), it said.

Compared to the NEV market, China's overall auto market performed worse in April, with sales down 47.1 percent from March.