Analysts explain why BYD NEV sales drop sharply in February
BYD's NEV sales dropped sharply in February compared with January, and the Chinese New Year holiday is a very important reason. Beyond that, analysts believe there are other factors behind the decrease, but they will all be short-lived.
Wuling Hongguang Mini EV sales reach 200,000 units after 200 days on the market
That means the model is selling an average of 1,000 units per day, setting a global record for sales of a small new energy vehicle.
ByteDance said to invest in self-driving startup QCraft
QCraft's current round of funding round will be at least $25 million, the report said, adding that it is another indication of the increasingly blurred lines between auto companies and large tech firms.
Northern China's Changchun city will no longer use fuel vehicles for new cabs starting this year
Changchun will no longer use fuel cars for new cabs and official vehicles starting this year in an effort to be the pioneer city in promoting new energy vehicles in China's alpine and seasonal tundra regions.
BYD sells 10,355 NEVs in February, down over 48 percent from January
BYD announced data on Thursday showing that its new energy vehicle sales in February were 10,355 units, down 48.68 percent from 20,178 units in January.
Nio, JAC to establish joint venture with Nio holding 49% of shares
The company plans to have a registered capital of 500 million yuan ($77 million ), with JAC contributing 51 percent and Nio 49 percent.
Meizu's just released a flagship phone that can serve as Xpeng car key
Meizu said that under their partnership with Xpeng, users touch the car door with the Meizu 18 Pro and the door will open. The feature supports models including the Xpeng P7 and newer models.
These are the Chinese cities with strongest demand for new energy vehicles
The top three cities for new energy vehicle sales in China in 2020 are Shanghai, Beijing and Shenzhen, and the cities with the highest sales growth rates are Chongqing, Shanghai and Zhengzhou, according to a report released by Chinese search giant Baidu.
Nio's first 2nd-gen battery swap station may open in Beijing on April 15
Some customers and Nio staff have already worked together to experience the battery swap process, which takes 2-3 minutes.
Expert downplays impact of chip shortage on China's auto industry
As domestic companies gradually increase the production of chips, I believe the shortage of automotive chips in the industry at present did not cause too big a shortage impact, the future impact will also gradually dissolve, Cui said.
