EV Industry
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China's NEV sales expected to reach 5 million units next year, CAAM official says
The official expects China's vehicle sales to reach 26.1 million units this year, up 3.1 percent year-on-year, and are expected to reach 27.5 million units next year, up 5.4 percent year-on-year.
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China sees nearly 160,000 NEV-related company registrations in Jan-Nov
As of now, there are 409,000 NEV-related companies in China, with Shanghai being the city with the most, with 18,200.
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China's NEV industry finally gets dedicated insurance clauses
Dedicated insurance coverage will ease some consumer concerns about buying NEVs.
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China Galaxy Securities expects local NEV sales to exceed 6 million next year
The team expects China's NEV sales to be around 6.11 million units in 2022, accounting for more than half of the global market share.
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Further Reading: Owners explain why they chose HiPhi, China's highest-priced local EV brand
"There's no better choice."
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Deutsche Bank expects BEV sales in China to reach 5 million units next year
Edison Yu's team expects China's BEV penetration to be more than 40 percent by 2025, equivalent to about 10 million units.
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HiPhi, highest priced local Chinese EV brand, delivered 763 vehicles in Nov
HiPhi's first model, the HiPhi X, starts at RMB 800,000 ($125,600) for the four-seat version. By comparison, Nio's hot-selling Nio ES6 starts at RMB 358,000.
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China sold 450,000 NEVs in Nov, CAAM data show
China's NEV sales from January to November were 2.99 million units, up 166.8 percent year-on-year.
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Evergrande's car-making progress suffers new setback as its models disappear from regulatory list
Two of Evergrande's models appeared on the MIIT's list seeking public feedback early last month, but disappeared from the final list.
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China's wholesale sales of passenger NEVs reached 429,000 units in Nov, CPCA data show
The penetration of NEVs in China was 20.8 percent of retail sales in November, compared to 13.9 percent in January-November.
