EV Industry

Reduced purchase subsidies for NEVs in China and a shortage of parts supply are putting more pressure on lower-priced models.

This was down 18.5 percent from December, which the CPCA said was consistent with the characteristics of the same month last year.

HiPhi's only model currently on sale, the HiPhi X, has a starting price of RMB 570,000 ($90,000).

China's homegrown luxury brands see the best time to rise as disruptive innovation leaves legacy carmakers facing great uncertainty.

After a series of twists and turns late last year, the Hengchi 5 has once again made it onto a regulatory list for comment, setting the stage for its official launch.

Geely sold 15,442 battery electric vehicles in January, including models that support battery swap.

Some owners believe that the matter is related to WM Motor's previous multiple battery safety incidents.

Late last month, Lotus began hiring for dozens of positions in China, saying "Type 132 is coming to life," signaling that its first all-electric model may not be too far away from being announced.

Sinopec has acquired a 49.9 percent stake in Feize, whose core business is the manufacture of lightweight carbon fiber composites.

Volvo Cars announced yesterday that it will invest $1.1 billion in upgrades to its plant in Sweden, a key one of which is the introduction of a large casting process.