Industry News
Changan’s EV brand Shenlan acts as China’s NEV subsidies expire in a month
Shenlan is currently offering only the Shenlan SL03, which has an electric version, an extended-range version and a version with a hydrogen fuel cell.
Chinese auto chip maker SemiDrive closes $140 million Series B+ financing
SemiDrive currently has four series of products with an annual output of one million chips.
China Nov retail sales of NEVs expected to be 600,000 units, CPCA says
In terms of retail sales, the penetration rate of NEVs in China is expected to be about 32.3 percent in November. This is a new historical record.
Financially troubled WM Motor sees about half of its Shanghai stores close, report says
The number of WM Motor stores in Shanghai has been reduced from about 20 to about 12, and most of the stores in the city's shopping malls have closed, according to local media.
Spy photos show Lotus testing electric sedan
The model is the Lotus Envya, which will take on the Porsche Taycan, according to local media.
GM plans to launch over 15 EV models in China by 2025
GM's Ultium-equipped plant in Wuhan will go into production by the end of this year.
Great Wall begins shipping 300 Coffee 01 PHEVs from Shanghai to Europe
The first 300 Coffee 01 PHEVs will be delivered to consumers in Germany.
Voyah opens its 2nd showroom in Norway
This is Voyah's first flagship store in Norway, having opened a smaller showroom in Oslo in June.
WM Motor cuts employee salaries to cope with financial pressure, internal letter shows
The Covid epidemic, rising raw material costs, and untimely parts deliveries have severely impacted WM Motor's production and operations, said WM Motor's CEO.
Audi tells Chinese consumers: We also have EV offerings!
While this may be the act of just one dealer, it demonstrates the low acceptance Audi faces in the Chinese EV market.
