Industry News
Great Wall Motor’s Haval brand to stop selling ICE vehicles in 2030
The Haval H6 was China's best-selling SUV for the past several years, but it has now been dethroned by BYD's Song.
Chinese Polestar 2 owner faces higher cost than new car in replacing damaged battery pack
A Polestar 2 owner was told it would cost RMB 540,000 ($79,200) to replace a damaged battery pack, 1.6 times the price of his vehicle.
CPCA expects China to see 520,000 retail sales of passenger NEVs in Aug, up 7% from July
In early August, some NEV prices rose again, but consumer enthusiasm was not significantly affected, the CPCA said.
Changan halts production of Shenlan SL03 amid power crunch in Chongqing
Changan Shenlan and key suppliers have suspended production of the SL03 vehicle and parts since August 15 in order to ensure electricity supply for residents.
State Grid reduces EV charging power during peak hours in some parts of China amid power crunch
Nearly 350,000 charging piles in Chongqing, Zhejiang and Hubei will be limited in charging power during the peak hours of 15:00-22:00.
Evergrande NEV denies it will be acquired, says working to bring in strategic investors
Evergrande NEV has been actively bringing in strategic investors, with both local governments and several companies currently expressing interest in investing, its president said.
Evergrande NEV reportedly may be acquired by another automaker
Evergrande NEV's plant in Tianjin will halt production from August 18 due to a shortage of materials, according to local media.
Chongqing begins limiting industrial power use as high temperatures continue to set new records
A large number of semiconductor makers, including SK Hynix and NXP Semiconductors, have factories in Chongqing, and power shortages could have an impact on semiconductor supplies.
Polestar’s O2 electric roadster concept to go into production under Polestar 6 name
The Polestar 6 is expected to go on sale in 2026, with reservations in China to open shortly.
GAC to establish $320 million unit to make EV powertrains
With the acceleration of electrification, electric drive-related industries will become the next RMB trillion track, said GAC Aion.
