Industry News
EV startup Eezi Tech closes Pre-A funding round, aims to launch first production car this year
Rather than developing its first model from scratch, Eezi Tech has chosen to have other OEMs build it for it.
Wuling Nano EV prices up 6% on subsidy drop and cost increase
For a low-priced model like the Nano EV, a 6 percent range is noteworthy for its price-sensitive potential consumers.
China accounts for 53% of global passenger NEV sales in 2021, CPCA data show
After being overtaken by Europe in 2020, China regains its position as the largest contributor to global new energy passenger vehicle sales in 2021.
GAC Aion sells 16,031 units in Jan, up 118% year-on-year
GAC Aion sales increased 117.9 percent year-on-year to 16,031 units in January, down 3.9 percent from 16,675 units in December.
US-listed Chinese firms could see regulatory 'positive surprise' in H1, report says
A CSRC official met with executives of Western banks, saying China and the US are making progress in coordinating regulations governing New York-listed Chinese companies, according to Reuters.
Sokon, Huawei's auto partner, shelves plans to list in Hong Kong, citing changes in market conditions
While the Hang Seng Technology Index has fallen nearly 50 percent since February 18 last year, Sokon has gained 270 percent in the A-share market.
Nio's LiDAR provider Innovusion enters into partnership with self-driving firm Mogo
The two aim to drive large-scale adoption of high-performance LiDARs and accelerate the commercial use of high-level autonomous driving.
Lotus hiring for dozens of positions, hints first EV will have LiDAR
At the end of August last year, Lotus received an investment from Nio Capital and announced plans to launch four all-electric vehicles within five years.
Jidu closes nearly $400 million Series A funding as Baidu ramps up its EV push
The funding round, from Baidu and its strategic partner Geely, will help JiDU accelerate the development and mass production of its first robot car.
Analysts expect Volkswagen's joint venture with JAC to be its new growth pole in China
CITIC Securities expects Volkswagen Anhui to reach annual sales of 200,000 units by 2025.