Market & Industry
BYD founds Hefei-based subsidiary for sale of NEV, auto parts
BYD founds Hefei-based subsidiary for sale of NEV, auto parts

BYD recently set up a Hefei-based subsidiary whose business scope includes the sale of new energy vehicles (NEVs).

Jul. 15 , 2021
EV startup Leapmotor eyes 800,000-unit annual sales by 2025
EV startup Leapmotor eyes 800,000-unit annual sales by 2025

Leapmotor said on July 15 it is ambitious to sell 800,000 vehicles per year by 2025. It expects its annual sales to reach 62,400 units this year.

Jul. 15 , 2021
Shanghai eyes over 1.2 million units in NEV annual outputs by 2025
Shanghai eyes over 1.2 million units in NEV annual outputs by 2025

Shanghai expects its annual new energy vehicle (NEV) output volume to exceed 1.2 million units and the output value of the NEV industry to top 350 billion yuan ($54.073 billion) per year by 2025, according to Shanghai municipal government.

Jul. 14 , 2021
Baidu Apollo, ON Semiconductor co-develop studio for autonomous driving image sensors
Baidu Apollo, ON Semiconductor co-develop studio for autonomous driving image sensors

Baidu’s autonomous driving unit Apollo and the U.S.-based semiconductor supplier ON Semiconductor recently set up a joint studio dedicated to exploring and developing autonomous vehicle image sensor solutions.

Jul. 13 , 2021
GAC Aion about to start volume production of 1,000-km range AION LX
GAC Aion about to start volume production of 1,000-km range AION LX

GAC Aion, GAC Group’s wholly-owned subsidiary dedicated to NEV business, announced a few days ago the Aion LX with 1,000-km range has completed its hot-weather testing in Sanya, Hainan province, and is about to go into volume production.

Jul. 13 , 2021
GAC Group scores 24.49% growth in first-half sales
GAC Group scores 24.49% growth in first-half sales

GAC Group said its new vehicle sales amounted to 1,026,505 units for the first half of 2021, jumping 24.49% year on year. During the same period, the group output 1,001,446 vehicles, representing a 25.61% growth.

Jul. 12 , 2021