EV Industry

At the end of 2020, Beijing had 400,000 NEVs.

China's vice minister of commerce calls on multinational car companies to seize the opportunity to further expand their investment in China and improve the layout of the supply chain.

If the plan goes ahead, it would mark an unusual reversal by Beijing, potentially ending a decades-long dispute, Bloomberg reported.

Whether the companies are actually delisted in the next two years will ultimately depend on the progress and outcome of the US-China audit and regulatory cooperation, the CSRC said.

Average daily retail sales of passenger cars in China fell 18 percent year-on-year in the first four weeks of March, with both the third and fourth weeks down 29 percent year-on-year.

More companies' new product launch plans have been derailed by the new wave of Covid outbreaks.

Hengchi's first showroom and sales centers will soon open in 15 key cities, including Tianjin, Shanghai and Guangzhou.

The CSRC held a video exchange today with some US-listed Chinese companies and investment firms to hear their views on the recent situation with China-concept stocks.

Jidu has already begun development on subsequent models including the second and third, which will be unveiled as early as this year's Guangzhou Auto Show, the company's CEO said.

Market speculation about a final agreement on accounting regulation between the PCAOB and the Chinese side is premature, local media said, citing a statement.