Volkswagen China officially becomes largest shareholder of EV battery maker Gotion High-Tech
The number of shares held by Volkswagen China in Gotion has increased to 441 million shares, raising its stake to 26.47 percent.
Nio to scale back planned Nio Day 2021 audience as Covid prevention escalates
Nio Day 2021 will need to be scaled back by more than half the number of people on site at the event to reduce the risk of the spread of the Covid-19 outbreak, Nio said.
China's NEV sales expected to reach 5 million units next year, CAAM official says
The official expects China's vehicle sales to reach 26.1 million units this year, up 3.1 percent year-on-year, and are expected to reach 27.5 million units next year, up 5.4 percent year-on-year.
BYD said to launch premium brand in H1 2022 with first model to be priced at up to RMB 1 million
BYD will launch its premium brand in the first half of next year, and the first model will be a hardcore crossover priced at around RMB 500,000 to RMB 1 million, local media said.
China sees nearly 160,000 NEV-related company registrations in Jan-Nov
As of now, there are 409,000 NEV-related companies in China, with Shanghai being the city with the most, with 18,200.
China's NEV industry finally gets dedicated insurance clauses
Dedicated insurance coverage will ease some consumer concerns about buying NEVs.
Xpeng subsidiary fined for illegally collecting facial recognition data
The data was used to analyze the number of visitors to the stores, the percentage of men and women, and age information.
Xiaomi exec confirms Smartmi formed team to study EVs
A Xiaomi executive says Smartmi is researching electric vehicles out of interest, forming a small team that is doing very early work.
China Galaxy Securities expects local NEV sales to exceed 6 million next year
The team expects China's NEV sales to be around 6.11 million units in 2022, accounting for more than half of the global market share.
Nio releases first teaser image of upcoming new model
The first teaser image released by Nio shows the model, which will be announced on December 18, equipped with cut-through taillights.