EV Industry

The computing platform is equipped with mainstream computing chips and integrates core functional domains including smart cabin, smart driving, and internet-connected services.

On top of state subsidies, Guangdong will offer additional subsidies to consumers who purchase NEVs.

The Smart #1 is the first production model launched after the electrification transformation of the Smart brand, with a pre-sale price range of RMB 190,000 ($29,000) - 230,000 after subsidies.

This is much higher than the 19.9 percent of the ICE vehicle market.

Even though the price of NEVs generally rose by RMB 5,000 to RMB 10,000, they still accounted for nearly half of sales in the first quarter, according to the CPCA.

China's Ministry of Transport has drafted the plan and is seeking comments from different regions.

There were 182,925 bidders for 10,300 license plates for fuel vehicles this month, a winning rate of 5.8 percent.

China will allow the PCAOB to conduct its review legally and reasonably, and this uncertainty is believed to be removed soon, said Fang Xinghai, vice chairman of the CSRC.

In the first two weeks of April, Chinese passenger vehicle wholesale sales averaged 24,000 units per day, down 44 percent year-on-year and down 48 percent from the average for the first two weeks of March.

China will accelerate the development of domestic resources, crack down on hoarding and other unfair competition, and push raw material prices to return to rationality as soon as possible, the MIIT spokesman said.