News
Baidu-Geely EV venture to start new funding round in third quarter
Baidu-Geely EV venture to start new funding round in third quarter

Jidu will showcase the concept version of its first model at the 2022 Beijing Auto Show, and deliveries may start in 2023

Jun. 2 , 2021
Evergrande Auto builds subsidiary in Shanghai for intelligence, auto tech development
Evergrande Auto builds subsidiary in Shanghai for intelligence, auto tech development

On May 31, Evergrande Auto set up a Shanghai-based subsidiary that focuses on the development of intelligence, automobile, network, and computer technologies, as part of efforts to consolidate its technology strengths for car-building aspiration.

Jun. 2 , 2021
Li Auto sees deliveries drop 22% MoM in May
Li Auto sees deliveries drop 22% MoM in May

Li Auto delivered 4,323 Li ONEs in May, up 101.3% year on year but down 22% month on month.

Jun. 2 , 2021
NIO sees May deliveries shoot up 95.3% year on year
NIO sees May deliveries shoot up 95.3% year on year

NIO delivered 6,711 vehicles in May 2021, representing an impressive 95.3% year-over-year growth, the EV startup announced on June 1. The vehicles delivered last month consisted of 1,412 ES8s, 3,017 ES6s, and 2,282 EC6s.

Jun. 1 , 2021
FAW’s Hongqi says Jan.-May 2021 vehicle sales surge 116% year on year
FAW’s Hongqi says Jan.-May 2021 vehicle sales surge 116% year on year

FAW Group’s premium car brand Hongqi announced it sold a total of 118,000 new vehicles during the first five months of 2021, representing a remarkable year-on-year growth of 116%.

Jun. 1 , 2021
China’s Vehicle Inventory Alert Index drops 1.3 percentage points YoY in May 2021
China’s Vehicle Inventory Alert Index drops 1.3 percentage points YoY in May 2021

China’s Vehicle Inventory Alert Index (VIA) stood at 52.9% in May 2021, dropping 1.3 percentage points from the previous year, while also falling 3.5 percentage points from the previous month, according to the China Automobile Dealers Association.

Jun. 1 , 2021