EV Industry
+ Follow
China's July retail sales of NEVs expected to be around 450,000 units, CPCA says
EV makers including Nio, Tesla and GAC Aion have further increased capacity and are expected to see increased production in the second half of the year, the CPCA said.
SAIC expects deliveries of its premium EV brand IM Motors to exceed 1,000 units by end of July
The IM Motors L7 is positioned similarly to the Nio ET7, and SAIC says the sedan will have stronger deliveries in August.
Audi Q4 e-tron officially launched in China to take on Tesla Model Y, Nio ES6
The Audi Q4 e-tron is priced in China in the range of RMB 299,900 ($44,330) - RMB 377,100 and will compete with models including the Tesla Model Y and Nio ES6.
Didi fined $1.2 billion as cybersecurity case comes to end
Didi had a total of 16 violations and also engaged in data processing activities that seriously affected China's national security, according to an announcement.
NEVs account for 45.1% of new vehicles registered in Shanghai in H1
As a comparison, China's NEV penetration rate was 24 percent in the first half of the year.
Sinopec's first swap station for heavy trucks goes into operation
Sinopec aims to reach 5,000 charging and battery swap stations by 2025.
China's NEV industry currently immune to inflation, analysts say
High oil prices are helping NEVs replace ICE vehicles, and the latter have more raw material costs including copper and aluminum.
High temperatures could hit China's NEV sales in July, analysts say
China's NEV sales in June exceeded expectations and hit a record high, but recently the market began to worry about weakening demand in the first two weeks of July.
SAIC to launch models with Horizon Robotics' Journey 5 chip in 2023
SAIC's software arm SAIC Z-ONE will build a smart driving platform using two Journey 5 chips, which will be used in SAIC's models to be launched in 2023.
Didi reportedly faces over $1 billion in fines as yearlong investigation comes to end
Once the penalties are announced, the government plans to ease a previous ban on Didi from adding new users to its platform, according to the Wall Street Journal.