Industry News
Jidu's robot car completes design, enters production preparation stage
To make the futuristic design ready for mass production, Jidu's engineering team solved a number of technical challenges for the molding process, its CEO said.
China's passenger car retail sales expected to fall 19% year-on-year in May, CPCA says
Although some companies in Shanghai and surrounding cities are starting to resume production, it will be difficult to return to normal levels by the end of May, the CPCA said.
EVs in China cost only 10% more than conventional offerings, IEA says
By comparison, in other major markets, the median price of EVs is 45 percent to 50 percent higher than conventional products.
Audi Q4 e-tron starts pre-sale in China, prices start from about $44,940
In addition to the pre-sale of the regular versions, Audi announced the official launch of the pioneer version of the Q4 e-tron, but limited to 520 units.
EV stocks rise in Hong Kong after China cuts interest rate
China's central bank today cut its benchmark LPR rate for 5-year and above by 15 basis points to 4.45 percent.
SAIC's Rising Auto to use Huawei's head-up display system in its R7 SUV
The AR-HUD system offers a 13°*5° field of view, the world's largest, to create a flat-screen AV experience while parked 7.5 meters in front of the driver.
Evergrande denies pushing back pre-sale of first model, but delays planned mass production
Hengchi 5's scheduled June 22 mass production date has been adjusted to September 20.
China's passenger car retail sales fall 21% year-on-year in first half of May
The recent decline in income for some residents following the Covid outbreak has led to an impact on consumption, and the contraction in demand has trickled down to the auto market, the CPCA said.
China mulls extending EV subsidies due to expire at year-end, report says
China is in talks with automakers to extend EV subsidies that were set to expire in 2022, aiming to maintain growth in a key market amid a broader economic slowdown, Reuters said.
China expected to introduce new policies to boost rural car consumption in early June, report says
China will encourage consumption by rural residents of cars priced at less than 150,000 yuan ($22,230), including ICE vehicles and NEVs, according to local media.
