China aims for NEVs to contribute 45% of new car sales by 2027
The previous target was for the figure to reach 40 percent by 2030 and 50 percent by 2035.
China NEV retail sales at 114,000 in Jan 1-7, down 12% from same period last month
In the first week of January, China's NEV retail sales were down 12 percent from the same period in December, while NEV wholesale sales were down 35 percent.
Tesla cuts Model 3 and Model Y prices in China amid fierce competition
Tesla today lowered the prices of all two versions of the Model 3 by nearly 6 percent, and two of the three versions of the Model Y by nearly 3 percent.
China's NEV ownership exceeds 20 million, 76% BEVs
By the end of 2023, China had 15.52 million BEVs, accounting for 76.04 percent of all NEVs.
Xpeng Aeroht to start pre-orders for its modular flying car in China in Q4
Xpeng Aeroht said its modular flying car will be mass-produced and delivered in the fourth quarter of 2025.
Li Auto to launch facelifts for existing models in Mar
Li Auto's 2024 models will have configuration updates and will be launched and begin deliveries in March, it said.
Nio ties up with 2 state-owned groups in Anhui, to support new firm in building 1,000 swap stations
A new company called Zhongan Energy was launched today and it will build 1,000 battery swap stations with the support of Nio and two state-owned groups in Anhui province.
Nio confirms battery swap tie-ups with JAC, Chery
Nio said it and JAC, Chery will carry out deep strategic cooperation in battery standards, battery swap technology, battery swap service network construction and operation.
China EV battery installations in Dec: CATL share at 44.48%, BYD at 22.95%
CATL and BYD both saw their share of the Chinese power battery market increase slightly in December.
Nio signs battery swap tie-up agreements with JAC and Chery, report says
Nio has also signed strategic cooperation agreements with two state-owned groups in Anhui province for energy storage, charging, and battery swap system construction.