Industry News
WM Motor plans backdoor listing in HK to solve financial woes, report says
WM Motor plans a backdoor listing through a reverse takeover of Apollo Future Mobility Group, which is already listed in Hong Kong, according to local media.
China’s Nov wholesale sales of passenger NEVs hit record 732,000, CPCA estimates show
Demand in China's NEV market has held steady amid high international oil prices, the CPCA said.
VW suffers complaints in China due to on-board system failures in ID series EVs
Many owners have complained about the blackout of the onboard screens, frequent loss of network connectivity, and various fault codes randomly appearing in VW's ID series electric cars.
Evergrande NEV reportedly halts mass production of its only model due to lack of orders
Evergrande NEV has suspended mass production of its sole model, the Hengchi 5, due to a lack of sufficient new orders, according to Reuters.
Evergrande’s EV brand Hengchi begins layoffs and salary cuts to cope with financial difficulties
Hengchi's previous staffing structure was based on the company's need to develop nine models simultaneously, according to local media.
BMW recalls 41 EVs in China due to battery issues
BMW is recalling 38 imported BMW iX and i4 electric vehicles and 3 imported BMW older i3 electric vehicles in China due to a battery problem.
GAC Aion sells 28,765 units in Nov, down 4% from Oct
In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.
GAC Aion raises vehicle prices by up to $1,130
GAC Aion is raising the price of its models by RMB 3,000 to RMB 8,000, citing the impending withdrawal of subsidies and rising raw material prices.
BMW dealers reportedly offering significant discounts for i3 buyers in China
BMW dealers are offering up to RMB 105,000 in discounts for i3 buyers in China, possibly to clear inventory ahead of new models' launch, according to local media.
Thai EV firm reportedly plans to buy 150,000 EVs from Chinese startup Aiways
This is the biggest partnership so far reached by a new Chinese car maker overseas, local media said.
