Industry News
BAIC BluePark plans to raise up to $1.2 billion via new share offering
BAIC BluePark said in an earnings preview on Thursday that it expects a net loss of RMB 1.8 billion to RMB 2.2 billion for the first half of the year.
Volkswagen expects ID. series EVs to deliver 15,000-20,000 units per month in China in H2
Volkswagen's ID. series delivered 17,600 units in China in June, up 107 percent from May.
JAC expects to see losses in H1 as chip and battery prices rise
JAC's gross profit from its main businesses decreased by about RMB 832 million in the January-June period compared to the same period last year due to rising prices of raw materials.
Convertible version of Mini EV said to be launched in August
The Mini EV Cabrio will be available in two range options of 200 and 300 kilometers, with a price range of RMB 40,000 ($5,940) to 60,000, according to local media.
Chinese state paper article calls for more policies to spur NEV consumption
China needs to further optimize NEV consumption to provide support for stable auto consumption and economic growth, according to an article in Economic Daily.
Mini EV maker Wuling announces entry into hybrid market
SAIC-GM-Wuling sold more than 120,000 units of all vehicles in June, including 6,249 units of the Hongguang Mini EV.
Don't expect slowdown in China NEV growth before penetration reaches 50%, analyst says
China is the fastest-growing market for EVs, and penetration here is bound to be much higher than in overseas markets, the analyst said.
Hongqi's E-HS9 electric SUV reaches 1,000 units delivered in Norway
In January, deliveries of the Hongqi E-HS9 began in Norway, with a starting price of NOK 619,900 ($60,500).
Ora's Ballet Cat officially launched in China, prices start from about $28,700
Ora's Ballet Cat has stirred up controversy because of its similarity to the classic Volkswagen Beetle.
Geely unveils electric outdoor lifestyle vehicle brand Radar and RD6 pickup
Radar is developing a full portfolio of electric lifestyle vehicles, including pickups and SUVs and ATVs, with deliveries of the first model, the RD6 pickup, set to begin in the fourth quarter of this year.
