Industry News
China NEV retail at 286,000 in Jul 1-14, up 6% from same period last month
China's NEV retail penetration was 49.48 percent in July 1-14, and 42.23 percent year-to-date.
German luxury brands back away from China's auto market price war
BMW was the first to withdraw from the price war in China's car market, scaling back incentives, with Mercedes-Benz and Audi following suit.
GAC Aion opens its 1st overseas plant in Thailand
GAC Aion's Thailand plant has an annual capacity of 50,000 units in the first phase and will be expanded to 100,000 units in the future.
Avatr cancels its last directly-managed stores, shifts fully to dealer model, report says
Previously, 90 percent of Avatr's stores have been converted from directly-managed stores to dealerships, with only a few directly-managed stores remaining in a few cities.
Great Wall's Tank brand to halt production till end of Jul amid high temperatures
China has entered a hot spell this month, with temperatures expected to exceed 35 degrees Celsius in nearly 20 regions today. It's not clear if other local car makers' factories have also been affected.
Baidu-backed Jiyue to launch Jiyue 07 sedan in Sept
The Jiyue 07 will be available in single and dual motor options with a range of up to 880 kilometers, according to previous regulatory filings.
SAIC's MG brand eyeing Spain for its 1st EV plant in Europe, report says
MG will make a decision by September 30, targeting the fourth quarter of 2027 to produce its first vehicle at the European plant, according to a report in Spanish media outlet Europa Press.
Honda starts warming up for Ye brand's 1st EV model, Ye S7, in China
Honda launched the Ye brand in China on April 16, saying it would launch the Ye S7 and Ye P7 at the end of this year and mass-produce the Ye GT in 2025.
China's 2024 NEV sales expected to reach 11.5 million, says CAAM secretary-general
A total of 11.5 million units means that China's NEV sales will exceed the 10 million mark for the first time in 2024, representing a growth rate of 22 percent.
Chinese automakers to capture 1/3 of global auto market by 2030, says AlixPartners
Chinese automakers are taking center stage and setting new benchmarks for an industry historically steered by the West, Japan, and South Korea, AlixPartners said.
