EV Industry
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China's wholesale sales of passenger NEVs in Oct were 368,000 units, CPCA data show
Wholesale sales of passenger NEVs in China from January to October were 2,381,000 units, up 204.3 percent year-on-year.
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Further Reading: BYD, one to rule them all?
BYD sold more units in October than all 10 of China's leading new carmakers combined, but its profit performance was less than stellar.
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Further Reading: Why German luxury brands' EVs fail so badly in China?
This article explains why Mercedes-Benz, BMW, and Audi have suffered a spectacular defeat in China's EV market.
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Northwest Chinese city Xi'an aims for 50% NEV penetration by 2025
Xi'an aims to become a top-tier NEV base in China by 2025.
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JPMorgan expects China's NEV penetration to reach 35% by 2025
JPMorgan is bullish on the prospects for China's NEV industry, which coincides with the optimism of Chinese investors, one executive said.
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New survey finds 50% of Chinese respondents have strong intention to buy pure-play EVs
As Nio's William Li puts it, once users embrace electric vehicles, they will become widespread very quickly.
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Nio-backed Uxin builds second superstore as it expands from online to offline
The store is set up in Hefei and covers an area of nearly 100,000 square meters, four times the size of Uxin's first offline superstore.
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Nio-backed Uxin reportedly to step up efforts to expand offline business
Uxin, whose main business is online used car trading, has decided to develop both its online and offline businesses and is bringing back several veteran former employees.
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Evergrande's Hengchi 5 reportedly in trial production
The Hengchi 5 is complete with basic features and is just short of a road-access permit for mass production.
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Expert expects China's NEV penetration to exceed 20% by 2022
The secretary-general of the CPCA said that with the supply of chips still uncertain in 2022, traditional carmakers will prioritize their limited resources for NEV models.









