Industry News
China unveils policy to boost consumption of NEVs in rural areas
BYD has six models on the list, and Leapmotor, WM Motor, Neta and Ora also have models eligible to participate in the campaign.
China halves purchase tax on mainstream ICE vehicles for rest of the year
The purchase tax will be cut in half for passenger cars of 2.0 liters and below with a purchase date between June 1 and December 31 and with a price not exceeding RMB 300,000.
Shanghai to lift Covid lockdown from June 1
Tesla, Nio showrooms will be opened soon, and the launch of Nio ES7 will not be far away.
Didi reportedly attracts interest from China FAW to buy stake
FAW has approached Didi and pledged to help it resolve issues related to data security and pave the way for a Hong Kong listing, according to Bloomberg.
Jidu targets family passenger car market with prices around RMB 200,000
In China, cars priced around RMB 200,000 are seen as offering the best balance of affordability and specifications.
SAIC-GM-Wuling to assemble its mini EVs in Indonesia
The exported models are based on the GSEV architecture and will be assembled and produced at SAIC-GM-Wuling's Indonesian subsidiary.
JAC will equip some of its models with chips from Nio Capital's portfolio firm Black Sesame
JAC and Black Sesame will build an intelligent driving platform based on the latter's HuaShan-2 A1000 autonomous driving computing chip for the Sehol family of vehicles.
Chinese electric sports car maker Qiantu's second model, K20, will soon start pre-sale
The Qiantu K20 weighs as little as 780 kilograms and can accelerate from 0 to 100 kilometers per hour in 4.7 seconds.
Shenzhen issues measures to boost consumption, including NEVs
Shenzhen will increase the availability of quotas for regular cars and provide subsidies to consumers who buy NEVs.
Further Reading: Why is Mobileye losing in China?
Mobileye has a business model that doesn't fit today's Chinese market, this article says.
