Industry News
China Jan NEV wholesale at 900,000, down 40% from Dec, CPCA estimates show
In January, China's wholesale sales of passenger NEVs were estimated at 900,000 units, up 31 percent from a year earlier but down 40 percent from December, the CPCA said.
Dongfeng Voyah's Zhiyin SUV reportedly to be 1st model to feature DeepSeek
Voyah's cockpit has completed deep integration with DeepSeek and is scheduled to kick off DeepSeek knowledge distillation training on February 14, according to local media.
Chinese property giant Greenland launches unit dedicated to exporting NEVs
- Greenland aims to achieve annual exports of 100,000 NEVs over the next three years.
- It signed its first export order, totaling 5,000 vehicles and valued at about $70 million.
IM Motors offers limited-time $4,130 discount on L6 electric sedan
The discount, available this month, reduces the starting price of the IM L6 by 13.64 percent to RMB 189,900.
Toyota to follow Tesla's step in building wholly-owned plant in Shanghai to produce Lexus EVs
The new plant is scheduled to start production in 2027 with an initial capacity of about 100,000 units per year.
China NEV retail at 423,000 in Jan 1-19, down 39% from same period last month
Retail sales of all passenger cars in China for the January 1-19 period were 1.05 million units, down 5 percent from a year ago and down 27 percent from a month ago.
CPCA expects China Jan NEV retail at 720,000 units, down 44.7% from Dec
China's auto market is expected to continue to show seasonality at the start of the year, with overall passenger car retail sales expected to be around 1.75 million units, down 33.6 percent from the previous month.
China's NEV ownership exceeds 30 million units
China's BEV ownership stood at 22.09 million units at the end of December, accounting for 70.34 percent of the total 31.4 million NEVs.
China NEV retail at 206,000 in Jan 1-12, down 50% from same period last month
Retail and wholesale sales of passenger NEVs in China fell sharply in the January 1-12 period compared to the same period last month.
Great Wall Motor previews net income growth of about 80% in 2024
- Great Wall Motor's net income in 2024 is expected to range from RMB 12.4 billion ($1.7 billion) to RMB 13.0 billion, an increase of 76.60 percent to 85.14 percent from 2023.
- The automaker sold 1,233,292 vehicles in 2024, an increase of 0.22 percent year-on-year.