Industry News
China's wholesale sales of passenger NEVs hit record 632,000 units in Aug, CPCA data show
In terms of wholesale sales, China's new energy passenger vehicle penetration rate reached a record 30.1 percent in August, the first time it exceeded 30 percent.
Nio Capital leads latest funding round in US-based suspension startup ClearMotion
The financing will be used to support the 2024 debut of ClearMotion's fully active suspension CM1, which eliminates the sway in the car that disrupts the ride.
China's NEV sales expected to exceed 10 million in 2023, analysts say
This would include 6.99 million BEVs and 3.37 million PHEVs, according to a team of local analysts.
Honda to form new JV in China for more efficient battery supply from CATL
The new joint venture will handle battery procurement for Honda's two joint ventures in China, instead of the two companies buying batteries from CATL separately as they did before.
Jidu to unveil limited edition of its first model in Oct
Jidu plans to launch a limited edition of its first model in partnership with the Chinese Lunar Exploration Program, with a limited number of 1,000 units and exclusive rights for owners.
China's 25% NEV penetration target could be reached three years earlier than planned
China's goal is to have 25 percent penetration of NEVs by 2025, but it now appears that target could be reached this year, according to a top government official.
China's Aug wholesale sales of passenger NEVs expected to be record 625,000, CPCA estimates show
Despite China's policy of halving purchase taxes on mainstream ICEvehicles, the momentum driving growth in the NEV market is strong, the CPCA said.
China FAW said to use self-driving chips from local maker Cambricon
Cambricon's first self-driving chip has been taped out and is expected to be in mass production later this year, according to local media.
Voyah sells 2,429 vehicles in Aug, up 35% from July
The average selling price for the Voyah brand has exceeded RMB 370,000 ($53,630).
Ford offers Mustang Mach-E owners free Qualcomm 8155 chip upgrades in China, but there's a catch
Owners need to refer at least 5 friends to sign up as members on the Ford Mustang Mach-E app and refer 1 friend to complete their first test drive.