Industry News
BMW recalls 41 EVs in China due to battery issues
BMW is recalling 38 imported BMW iX and i4 electric vehicles and 3 imported BMW older i3 electric vehicles in China due to a battery problem.
GAC Aion sells 28,765 units in Nov, down 4% from Oct
In the January-November period, GAC Aion sold 241,149 units, up 128 percent from the same period last year.
GAC Aion raises vehicle prices by up to $1,130
GAC Aion is raising the price of its models by RMB 3,000 to RMB 8,000, citing the impending withdrawal of subsidies and rising raw material prices.
BMW dealers reportedly offering significant discounts for i3 buyers in China
BMW dealers are offering up to RMB 105,000 in discounts for i3 buyers in China, possibly to clear inventory ahead of new models' launch, according to local media.
Thai EV firm reportedly plans to buy 150,000 EVs from Chinese startup Aiways
This is the biggest partnership so far reached by a new Chinese car maker overseas, local media said.
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.