Industry News
Evergrande's Hengchi 5 goes on pre-sale for about $26,690
The Hengchi 5 offers a competitive price, though a question mark remains as to whether consumers will buy it, given Evergrande's debt concerns.
China issues measures to expand auto consumption, hints at extension of NEV purchase tax exemption
The first of the measures, developed by 17 government departments, is to support the purchase and use of NEVs.
China's NEV ownership exceeds 10 million units
Of these, 8.1 million are pure electric vehicles, accounting for 80.93 percent of the total number of NEVs.
Human Horizons officially unveils HiPhi Z, its 2nd premium model under HiPhi brand
The HiPhi Z features a futuristic design and a price tag of up to 800,000 yuan ($119,280).
Evergrande's first model, Hengchi 5, to start pre-sale on July 6
Evergrande NEV will allow the first 10,000 consumers to pay for the car when it is delivered, with 15 days to return it and receive a refund.
BAIC sells 3,597 NEVs in June, up 58% from May
From January to June, BJEV sold 17,010 units, up 144.43 percent from 6,959 units in the same period last year.
Geely chairman's venture completes acquisition of 79% stake in smartphone maker Meizu
Eric Li's Xingji Shidai Technology has taken sole control of Meizu, which will continue to operate as a separate brand.
Ganfeng Lithium under probe by Chinese securities regulator for alleged insider trading
Ganfeng is suspected of insider trading in the shares of a company listed on China's A-share market, according to an announcement.
Deliveries: Deutsche Bank's take on 'Fab 5' EV makers' June figures
Edison Yu's team expects overall Chinese EV sales to set a new record in June and continue to increase through the rest of the year.
Chongqing Sokon sells record 12,418 NEVs in June, up 18.8% from May
Sokon is one of Huawei's most important partners in the automotive sector, and the two are jointly building new models under the AITO brand.
