Industry News
China's passenger vehicle retail sales drop 21% year-on-year in first week of May, CPCA data show
China's NEV supply is expected to improve significantly in May compared to April, with retail sales of NEVs expected to show high growth compared to April, the CPCA said.
HiPhi sells 316 units in April, down 31% from March
HiPhi X has accumulated nearly 6,000 deliveries and sold at an average price of nearly RMB 700,000 ($103,950), it said.
China's April NEV sales at 299,000 units, down 38% from March, CAAM data show
Compared to the NEV market, China's overall auto market performed worse in April, with sales down 47.1 percent from March.
EV stocks soar in Hong Kong as broader market recovers
As of press time, Nio was up 5.29 percent, Xpeng was up 5.79 percent, Li Auto was up 9.88 percent and BYD was up 6.05 percent.
China's wholesale sales of passenger NEVs in April falls 38.5% from March, CPCA data show
The penetration of NEVs in wholesale sales in April was 29.6 percent, up from 25.1 percent in March.
EV stocks plunge in Hong Kong as overall market moves lower
It's another sell-off unrelated to the fundamentals of these companies, as investors worry about the prospect of aggressive interest rate hikes by the Federal Reserve.
Great Wall Motor's Ora brand sells 3,088 vehicles in April, down 78% from March
In the January-April period, Ora sales were 36,842 units, down 3.5 percent from 38,159 units in the same period last year.
JAC sells 7,671 EVs in April, down 46% from March
JAC sold 27,387 units of all models in April, down 48.4 percent from 53,034 units in the same month last year.
BAIC sells 2,017 NEVs in April, down 65% from March
BJEV produced 220 units in April, up 45.7 percent from 151 units in the same month last year.
CH-Auto challenges Li Auto, Nio, Xpeng with US SPAC listing
Former car designer has jumped on China's electric vehicle bandwagon, aiming to tap a market that accounts for more than half of global EV sales.
