Industry News
SAIC sells 72,236 NEVs in Jan, up 25.5% year-on-year
This is a 23.53 percent drop from 94,460 units in December last year.
Geely sells 17,928 NEVs in Jan, up 318% from a year ago
Geely sold 15,442 battery electric vehicles in January, including models that support battery swap.
Mercedes-Benz named by Chinese banking regulator for its auto finance unit's infringement of consumer rights
In 2019, Mercedes-Benz Auto Finance was fined RMB 800,000 after a user complaint brought it into the spotlight.
WM Motor sued for allegedly reducing available battery capacity without user consent
Some owners believe that the matter is related to WM Motor's previous multiple battery safety incidents.
Spy photos show Lotus doing road testing of Type 132 SUV
Late last month, Lotus began hiring for dozens of positions in China, saying "Type 132 is coming to life," signaling that its first all-electric model may not be too far away from being announced.
Chongqing Sokon sells 3,520 NEVs in Jan, up 176% year-on-year
Chongqing Sokon, Huawei's key partner in the automotive sector, saw its NEV sales drop 42.8 percent in January compared to 6,150 units in December.
Chongqing Sokon monthly NEV sales data update
This is Chongqing Sokon's monthly NEV sales data. The company first announced NEV sales data in June 2020.
Sinopec invests in Nio Capital's portfolio company that produces carbon fiber materials
Sinopec has acquired a 49.9 percent stake in Feize, whose core business is the manufacture of lightweight carbon fiber composites.
Volvo reportedly plans to use large die-casting process at China plants
Volvo Cars announced yesterday that it will invest $1.1 billion in upgrades to its plant in Sweden, a key one of which is the introduction of a large casting process.
Chinese New Year holiday: Charging remains headache for EV owners
With China now having three times as many NEVs as charging facilities, the difficulty of charging was once again highlighted during the holiday season.