Market & Industry
HOZON Auto’s monthly deliveries top 6,000 units for first time
HOZON Auto’s monthly deliveries top 6,000 units for first time

HOZON Auto, the Chinese startup owning EV brand NETA, said on Monday it achieved its highest-ever monthly sales in July 2021 with 6,011 new vehicles delivered, posting a 392% year-over-year hike.

Aug. 2 , 2021
China’s Vehicle Inventory Alert Index falls 10.4 percentage points YoY in July 2021
China’s Vehicle Inventory Alert Index falls 10.4 percentage points YoY in July 2021

China's Vehicle Inventory Alert Index stood at 52.3% in July 2021, dropping 10.4 percentage points from the previous year, while also felling 3.8 percentage points from the previous month, according to the China Automobile Dealers Association.

Aug. 2 , 2021
XPeng begins construction of Wuhan-based car plant
XPeng begins construction of Wuhan-based car plant

XPeng Motor (XPeng) announced on July 31 the start of the construction for its Wuhan manufacturing plant, marking the strategic cooperation formed with Wuhan municipal government in April 2021 has been firmed up.

Aug. 2 , 2021
Former WeWork’s executive reportedly joins NIO as VP of new strategic business
Former WeWork’s executive reportedly joins NIO as VP of new strategic business

Ai Tiecheng, former general manager at WeWork Greater China, has joined NIO to serve as vice president of strategic new businesses and will directly report to William Bin Li, NIO’s founder, chairman, and CEO.

Jul. 30 , 2021
Great Wall Motor puts Jingmen manufacturing plant into operation
Great Wall Motor puts Jingmen manufacturing plant into operation

Great Wall Motor (GWM) saw its manufacturing plant in Jingmen, Hubei province start vehicle production on July 29, according to a post on GWM’s WeChat account.

Jul. 30 , 2021
Xiaomi’s chairman posts job ad for Level 4 self-driving tech development
Xiaomi’s chairman posts job ad for Level 4 self-driving tech development

Lei Jun, founder, chairman and CEO of Xiaomi, on July 28 posted a job ad via his Weibo account for the company’s autonomous driving business unit, which intends to enlist 500 technicians for in-house developed Level 4 smart driving capability.

Jul. 29 , 2021