Industry News
Chinese consumers' demand for cars set to fall in Jan, industry body says
Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.
Nio Capital leads Series A funding round in local battery recycling firm
Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.
Goldman Sachs raises 2023 forecast for China auto sector to reflect faster-than-expected Covid reopening
After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
GAC Aion sells 30,007 vehicles in Dec, up 4% from Nov
For the full year 2022, GAC Aion sold 271,156 units, up 126 percent year-on-year.
GAC Aion unveils Hyper GT, 2nd model of its Hyper brand
The Hyper GT has a wind resistance coefficient of only 0.19 Cd, the lowest of any production car in the world, GAC Aion.
Jidu unveils ROBO-02 sedan, its 2nd model, at Guangzhou auto show
ROBO-02 has no door handle like ROBO-01, and the doors can be opened using voice and Bluetooth included.
China's auto market in 2022: These are what exceeded expectations
Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.
How is China's NEV industry faring as Covid wave sweeps country? CICC explains
Major automakers including BYD, Tesla, Nio, and Li Auto were relatively unaffected, as they all have a certain level of order backlog, according to CICC.
China downgrades Covid control in decisive break with zero-Covid policy
This is another major adjustment to the Covid control policy since China began implementing strict Class A infectious disease prevention and control measures on January 20, 2020.
GAC Aion teases Hyper GT, 2nd model of its Hyper brand
The Hyper GT will make its debut at the Guangzhou auto show on December 30 and could be priced at around RMB 300,000 ($43,110).
