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Evergrande's first model to start pre-sales in July and deliveries in October, report says
The pre-sale price of the Hengchi 5 has not been fully determined and is expected to be around RMB 200,000 yuan ($29,880), with the first production run of about 10,000 units, according to local media.
Changan to suspend taking orders for hot-selling Benben EV from July 1 amid rising raw material prices
Changan EV becomes the latest after Ora to stop taking orders for its low-priced hot-selling model as raw material prices continue to rise.
China's June retail sales of NEVs likely to hit record high, CPCA says
Sales of major Chinese automakers' NEVs grew at a rapid pace in June, with retail sales expected to approach 500,000 units, the CPCA said.
Audi breaks ground on first facility dedicated to pure electric vehicle production in China
The project, with a design capacity of 150,000 vehicles per year, is scheduled to start production by the end of 2024.
Volkswagen unveils ID. AERO sedan, deliveries in China to begin in H2 2023
The production model of the ID.AERO will be Volkswagen's first global, all-electric sedan model, and will also be sold in the United States and Europe after its 2023 launch in China.
Self-driving chip maker Horizon Robotics gets strategic investment from FAW
In May, FAW's Hongqi brand confirmed that it will use Horizon Robotics' chips in a new model.
Central China's Wuhan becomes latest city to boost NEV consumption
Consumers with Wuhan license plates who transfer or scrap their old vehicles and purchase NEVs will each receive a subsidy of at least 5,000 yuan ($750) over the course of their use of the vehicle.
Tencent aims to use its cloud technology to help automakers build cars, restrains from jumping on car-making bandwagon
Tencent will provide the auto industry with a low-threshold, customized platform and tools to make the cloud the new productivity of smart cars, one executive said.
Beijing offers subsidies of up to $1,500 to encourage purchases of NEVs
Models using extended-range technology, which are treated the same as ICE vehicles in the new car market, have been included in Beijing's latest subsidy policy in a rare move.
Avatr strengthens ties with Huawei, first model Avatr 11 to launch on August 8
Avatr and Huawei have signed a comprehensive strategic partnership agreement to build four electric vehicles based on the CHN platform by 2025.