Industry News
China NEV retail at 1.12 million in Sept, up 9% from Aug, preliminary CPCA data show
China's passenger NEV retail sales were 1.12 million units in September, surpassing the 1 million mark for the second consecutive month, preliminary data from the CPCA showed.
China Sept NEV wholesale at record 1.228 million, CPCA estimates show
China's wholesale sales of passenger NEVs are estimated at 1.228 million units in September, up 48 percent year-on-year and up 17 percent from August.
Chinese EV makers see strong 'golden week' sales
During the October 1-7 National Day holiday, the Xiaomi SU7 received more than 6,000 orders, Leapmotor 17,397 units and Deepal 14,465 units.
China's auto market sees 195 models cut prices in Jan-Sept, surpassing all of 2023
In the January-September period, China saw 195 models with price cuts, surpassing the 150 models in the whole of 2023, and significantly higher than the 95 models in 2022.
Dongfeng Honda launches Lingxi L, 1st EV model from sub-brand Lingxi, as JV brands struggle in China
Dongfeng Honda has launched the Lingxi L to target a younger demographic, with a starting price of RMB 129,800 ($18,500).
IM Motors launches updated LS6 SUV with starting price of $34,220
The updated LS6 -- a Tesla Model Y competitor -- received more than 6,000 orders in its first 12 hours on the market.
Avatr launches 07 SUV, its 1st to offer BEV and hybrid options
The Avatr 07 is Avatr's third model and its first to offer EREV options, as hybrids are seen as a panacea to boost sales.
China NEV retail at 664,000 in Sept 1-22, up 7% from same period last month
China's NEV retail penetration stood at 53.41 percent in the September 1-22 period, and 45.36 percent year-to-date.
Geely to set up JV in Vietnam to assemble cars locally
Geely Auto will form a joint venture with Vietnam's Tasco to build a $168 million plant with a design capacity of 75,000 vehicles per year in the first phase.
BAIC's EV unit cuts production capacity from 320,000 to 120,000 units
BAIC's EV arm BJEV has reduced its production capacity by 62.5 percent by reducing the number of production sites from three to one.
