Industry News
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.
Aulton says it has achieved 30 million cumulative battery swap services
Nio and Aulton are the major players in the space, but for different groups. A month ago, Nio reached the 10 million battery swap service milestone.
Regulatory filing shows more information about HiPhi Z, Zeekr 009
HiPhi Z, Zeekr 009 and a new version of the BMW i3 appear in a regulatory catalog.
China's July NEV sales at 593,000 units, largely flat from June, CAAM data show
With China's policy support, the auto market will maintain steady growth in August, the CAAM said.
SAIC-GM-Wuling unveils smart driving system created with drone maker DJI
The SAIC-GM-Wuling 2023 Baojun KiWi EV, which will officially go on sale this month, will be the first model to use the system.
Norway: How big is its EV market? How do Chinese brands perform?
BYD has reached a good level of vehicle registrations in Norway, while Nio vehicle registrations are growing at the fastest rate among Chinese brands, says CITIC Securities.