News
Aiways puts U6 onto market, priced at 219,900 yuan
Aiways puts U6 onto market, priced at 219,900 yuan

China’s new energy vehicle startup Aiways officially put its second production model, the battery-electric U6, onto the market on October 13, with a post-subsidy price of 219,900 yuan ($30,600).

Oct. 13 , 2022
China’s automotive sensor supplier ANNGIC completes Series-C financing round
China’s automotive sensor supplier ANNGIC completes Series-C financing round

Shenzhen-based automotive sensor supplier ANNGIC recently completed its Series-C financing round, raising over a million yuan, the company announced earlier this week.

Oct. 13 , 2022
Shanghai aims to see L3 vehicles account for over 70% of newly produced cars by 2025
Shanghai aims to see L3 vehicles account for over 70% of newly produced cars by 2025

Shanghai is set out to build a comprehensive intelligent traffic and green transportation system citywide in C-V2X, intelligent connected vehicle terminals, and mobility as a service (MaaS) aspects.

Oct. 13 , 2022
China’s Jan.-Aug. deliveries of imported passenger vehicles dip 21.8% YoY
China’s Jan.-Aug. deliveries of imported passenger vehicles dip 21.8% YoY

For the first eight months of 2022, there were 516,807 imported passenger vehicles (PVs) delivered across China, representing a 21.8% decrease year-over-year, according to Sinomach Automobile Co., Ltd., China's largest dealer of imported vehicles.

Oct. 13 , 2022
Gotion High-Tech, SUMEC team up on energy storage, export businesses
Gotion High-Tech, SUMEC team up on energy storage, export businesses

Gotion High-Tech inked an agreement with SUMEC Co. Ltd. on October 9 to carry out strategic cooperation in such fields as domestic energy storage projects, development of overseas energy storage markets, and export business.

Oct. 12 , 2022
Mercedes-Benz Passenger Cars scores 37% YoY surge in Q3 China deliveries
Mercedes-Benz Passenger Cars scores 37% YoY surge in Q3 China deliveries

In the third quarter of 2022, Mercedes-Benz celebrated a 37% year-on-year surge in its China sales and a 21% jump in worldwide deliveries.

Oct. 12 , 2022