Industry News
Nio Capital invests in electric commercial vehicle maker Newrizon
Newrizon was founded in September 2020 by former Nio senior vice president Huang Chendong.
Nissan cuts prices of its flagship EV offering in China by about $8,740 after similar move by Toyota
The Nissan Ariva was officially launched in China on September 27, 2022, and Nissan said at the time that it was the first global model under its Nissan Next strategy.
BEVs contribute 86% of all NEV miles driven in China in Jan
BEVs contributed 86.47 percent of the 17.1 billion kilometers driven by NEVs in China in January, and PHEVs contributed 13.48 percent.
Geely to launch new mid-to-high-end NEV brand and 1st product on Feb 23
The first model of the new brand is expected to be a sedan that will have extremely low wind resistance.
China NEV sales up 106% year-on-year in Feb 1-12, CPCA data show
Much of this is likely due to a low base caused by last year's Chinese New Year holiday.
Shanghai auto show to be held on April 18-27
The upcoming Auto Shanghai 2023 will be the first major auto show in China after the lifting of Covid controls.
Regulatory filing: Human Horizons working on 3rd model HiPhi Y
The HiPhi Y will be priced in the RMB 400,000-500,000 range and will be the least expensive of Human Horizons' models, previous reports have implied.
Fitch expects China's NEV sales to maintain strong growth, while ICE vehicle sales to decline
Fitch expects sales of passenger NEVs in China to grow by more than 30 percent in 2023, while ICE vehicles will decline by the low teens.
China's Jan NEV sales at 408,000, down 50% from Dec, CAAM data show
China's auto industry is facing big challenges in the first quarter and still needs policy support, the CAAM said.
Hesai debuts on Nasdaq, becoming 1st Chinese LiDAR maker to go public in US
Hesai's US IPO raised about $190 million, making it the largest IPO of a Chinese company in the US in the past 18 months.