EV Industry
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China's latest subsidy policy a boon for NEV industry because of removal of cap on vehicle units, CPCA says
Previously China provided subsidies for up to 2 million NEVs per year.
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China's wholesale sales of passenger NEVs reached record 505,000 units in Dec, CPCA data show
China's December new energy passenger vehicle sales set another record, with many consumers buying such models before subsidies are reduced.
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Geely sold record 18,813 NEVs in Dec, up 162.4% year-on-year
For the full year 2021, Geely sold 1,328,029 all vehicles, just 87 percent of its target sales of 1.53 million vehicles.
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Belgium tops China's NEV export destinations in Jan-Nov, Norway only in 10th place
From January-November 2021, China exported about 100,000 NEVs to Belgium.
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Jidu's robot car to feature Nvidia DRIVE Orin chip, same option as Nio has in its sedans
Jidu says its first model is expected to be available in 2023 and will be an L4 self-driving capable robot car.
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Nio Capital joins Pre-C round of funding for industrial robot maker Standard Robots
Standard Robots was founded in 2016 and focuses on autonomous mobile robot manufacturing and flexible logistics solutions.
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Chinese EV startup Aiways sees management overhaul, with former Nio exec as CEO
Former Nio executive Zhang Yang has started as CEO of Aiways, and his experience at Nio is expected to help turn around the company's current weak performance.
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WM Motor delivered 5,062 vehicles in Dec, up 95.6% year-on-year
For the full year 2021, WM Motor delivered 44,157 vehicles, close to the last three years combined.
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CPCA head expects China's NEV sales to top 6 million in 2022 as consumers seize final subsidies
He expects China's NEV sales to increase significantly by the end of 2022 before subsidies are removed in 2023.
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Chinese consumers take last chance to buy NEVs, even show cars, before subsidies fall
Three of the four show cars at Xpeng's flagship store in Beijing were sold at the beginning of the month and have not yet been restocked.
