Market & Industry
GAC Aion to pour 500 million yuan in car plant expansion
GAC Aion to pour 500 million yuan in car plant expansion

GAC Aion announced on April 15 it plans to double the annual capacity of its intelligent ecosystem manufacturing plant to 200,000 new vehicles in early 2022 with nearly 500 million yuan ($76.624 million) to be invested.

Apr. 16 , 2021
NIO, Sinopec ink agreement to co-develop battery swap business
NIO, Sinopec ink agreement to co-develop battery swap business

NIO and Sinopec, the Chinese state-owned oil producer, signed an agreement on April 15 for a strategic cooperatiob on battery swapping stations.

Apr. 15 , 2021
XPeng’s LiDAR-enabled P5 sedan makes debut
XPeng’s LiDAR-enabled P5 sedan makes debut

XPeng officially launched its third production model and also the first sedan model, the XPeng P5, on April 14. One of big selling points is that the P5 is the world's first mass-produced smart electric vehicle (EV) model equipped with LiDAR.

Apr. 14 , 2021
SAIC Motor achieves 68.24% hike in Q1 2021 sales
SAIC Motor achieves 68.24% hike in Q1 2021 sales

For the first month of 2021, SAIC Motor saw its auto sales surge 68.24% over a year ago to 1,142,410 units, with all subsidiaries recording robust growth, according to the company’s announcement.

Apr. 12 , 2021
China's homegrown PV retail sales soar 66.4% YoY in March 2021
China's homegrown PV retail sales soar 66.4% YoY in March 2021

In March 2021, around 1.796 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year surge of 66.4%, according to the China Passenger Car Association (CPCA).

Apr. 9 , 2021
China auto sales surge 74.9% YoY in Mar. 2021
China auto sales surge 74.9% YoY in Mar. 2021

China auto outputs and sales reached 2.462 million and 2.526 million units last month, leaping 71.6% and 74.9% respectively from a year earlier.

Apr. 9 , 2021