EV Industry
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Auto industry first to resume production in Jilin amid Covid controls
FAW Hongqi's plant has been the first to start resuming production, and the first 47 suppliers have resumed production, with other OEMs to resume production in orderly batches, a Jilin official said.
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Further Reading: German luxury automakers' EV models in China -- No one cares, even their salespeople
BMW, Mercedes-Benz and Audi's NEVs are not selling well in China, even salespeople don't recommend them to customers, and some stores sell only one a month.
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Guangdong aims to have 250,000 public charging piles by end of 2025
Guangdong aims to have a convenient, efficient and moderately advanced charging network system in place by the end of 2025.
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Further Reading: How does Shanghai's auto industry fare under Covid?
Nio Shanghai provided online service guidance and skills training for service specialists from April 1 to April 3, and conducted 39 live online events since March.
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WM Motor delivers 5,516 vehicles in March, up 211% year-on-year
Some of WM Motor's models saw price increases on March 1, amid price hikes by many Chinese automakers.
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HiPhi sells 459 units in March, up 29% from Feb
In the luxury pure electric vehicle market priced above RMB 500,000, HiPhi achieved a 28 percent market share in the first quarter, it claimed.
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EV stocks rebound in Hong Kong after Monday's sell-off
At press time, Nio is up 10 percent, Xpeng is up 6.69 percent and Li Auto is up 6 percent.
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Covid brings about 20% loss to China's auto production, CPCA secretary general says
In April, production and sales in China's auto industry continued to face uncertainty, the CPCA said.
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China's NEV sales rise 114% year-on-year to 484,000 units in March, CAAM data show
China's auto industry is facing higher costs and a lack of consumer momentum, but production and sales of NEVs have continued their rapid growth, the CAAM said.
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April could be lost month for Chinese EV makers as Covid situation worsens, says Deutsche Bank
Deutsche Bank analyst Edison Yu's team expects sales of EVs to fall across the board in April and may also be affected in May, leading to a broad downward revision of second-quarter volumes.









