Market & Industry
Leapmotor’s May deliveries hit new high
Leapmotor’s May deliveries hit new high

China’s new energy vehicle startup Leapmotor, who is currently in the hearing phase of the Hong Kong Stock Exchange, managed to refresh its monthly delivery record in May.

Jun. 1 , 2022
Guangdong releases policies to spur car sales
Guangdong releases policies to spur car sales

China's Guangdong province has released a host of measures to help boost car demands as part of its economic stimulus package.

Jun. 1 , 2022
HOZON Auto sees 144% YoY soar in May deliveries
HOZON Auto sees 144% YoY soar in May deliveries

In May, HOZON Auto, the startup owning the new energy brand NETA, celebrated another month with over 10,000 vehicles delivered, more than doubled from a year ago.

Jun. 1 , 2022
China cuts vehicle purchase tax on some PVs to boost consumption
China cuts vehicle purchase tax on some PVs to boost consumption

On May 31st, China’s Ministry of Finance released an announcement on the policy of reducing the vehicle purchase tax on some of the passenger vehicles (PVs) in China.

May 31 , 2022
FAW Hongqi puts self-developed dual-motor DHT to mass production
FAW Hongqi puts self-developed dual-motor DHT to mass production

On May 30th, FAW Group’s mainstay wholly-owned brand, Hongqi, announced that it has mastered the technology of dedicated hybrid transmission (DHT) and saw its first DHT go into mass production.

May 31 , 2022
Gotion High-Tech adds 30GWh production capacity with two new sites starting production
Gotion High-Tech adds 30GWh production capacity with two new sites starting production

Gotion High-Tech has added 30 GWh to its total production capacity by opening two new sites at the end of May, representing a great significance to the company's aim of increasing total production capacity to 100GWh by the end of this year.

May 31 , 2022