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China’s WM Motor lifts price of EX5-Z all-electric SUV due to auto parts price rise
China’s WM Motor lifts price of EX5-Z all-electric SUV due to auto parts price rise

Chinese new energy vehicle (NEV) startup WM Motor recently said it would bump up the prices of the EX5-Z by 3,000 yuan ($475) to 4,000 yuan ($635) due to the increase in auto parts prices and other factors, effective from March 1, 2022.

Mar. 2 , 2022
Another autonomous driving company settles in Jiading, Shanghai
Another autonomous driving company settles in Jiading, Shanghai

On March 2nd, Shanghai Jiading District authorities announced that, the Jiading-based Shanghai Chuzhen Intelligent Technology Co., Ltd. was granted a construction permission for its autonomous driving product manufacturing base in the district.

Mar. 2 , 2022
Hozon Auto’s NETA brand outsells XPeng, NIO in February
Hozon Auto’s NETA brand outsells XPeng, NIO in February

In February this year, deliveries of major Chinese electric vehicle startups were not as outstanding as the three months before.

Mar. 2 , 2022
China’s Sunwoda EVB to plow 12 billion yuan in building 30GWh power battery plant
China’s Sunwoda EVB to plow 12 billion yuan in building 30GWh power battery plant

Sunwoda Electric Vehicle Battery Co., Ltd. (“Sunwoda EVB”) is ready to sign an agreement with the Zhuhai municipal government to build a power battery manufacturing base in the city of China’s Guangdong province.

Mar. 2 , 2022
Yueda Investment renounces capital increase in Dongfeng Yueda Kia
Yueda Investment renounces capital increase in Dongfeng Yueda Kia

Yueda Investment, one of the two remaining shareholders of Dongfeng Yueda Kia (DYK), announced on March 1st that the company would not participate in DYK’s capital increase.

Mar. 2 , 2022
GAC AION sees vehicles sales in Feb. 2022 soar 163% YoY
GAC AION sees vehicles sales in Feb. 2022 soar 163% YoY

GAC AION, the new energy vehicle (NEV)-dedicated arm of GAC Group, announced its vehicle sales reached 8,526 units in February 2022, surging 163% from the previous year, while tumbling 46.8% from the previous month.

Mar. 2 , 2022