EV Industry

Cumulative deliveries of HiPhi X, HiPhi's first model, totaled 4,237 units since deliveries began in mid-May of last year.

This represents only 2.6 percent of China's total vehicle fleet, implying huge room for growth.

Evergrande NEV announced that the first production vehicle of its first model, the Hengchi 5, has rolled off the production line today, 12 days ahead of schedule.

China also saw important progress in vehicle intelligence last year, with sales of passenger cars equipped with assisted driving systems accounting for 20 percent of all new vehicle sales.

In 2021, China's NEV sales were 3.521 million units, up 157.5 percent year-on-year.

The model will be in small pilot production in March and officially launched in September.

Holders of Didi's US shares will be able to swap their Hong Kong shares on a 1:1 basis, the Financial Times quoted a big Didi investor as saying.

Officials from China's NDRC recently surveyed the implementation of the Smart Vehicle Innovation and Development Strategy, an ambitious plan released two years ago.

Previously China provided subsidies for up to 2 million NEVs per year.

China's December new energy passenger vehicle sales set another record, with many consumers buying such models before subsidies are reduced.