- China’s Vehicle Inventory Alert Index drops 0.7 percentage points YoY in June 2021
China’s Vehicle Inventory Alert Index stood at 56.1% in June 2021, edging down 0.7 percentage points from the previous year, while climbing 3.2 percentage points from the previous month, according t...
July 01 , 2021
- China’s Vehicle Inventory Alert Index drops 0.7 percentage points YoY in June 2021
- Toyota, SinoHytec’s 50/50 fuel cell joint venture founded in late June
A 50/50 joint venture between Japanese automaker Toyota and Chinese hydrogen fuel cell engine developer SinoHytec was set up on June 28, signifying that the agreement both parties signed in March of t...
July 01 , 2021
- Toyota, SinoHytec’s 50/50 fuel cell joint venture founded in late June
- SAIC Motor’s chairman says auto chip shortage likely to ease in late July
The industry-wide chip shortage is likely to be alleviated in late July and the chip supply will basically get back to normal in the third or fourth quarter of this year, SAIC Motor’s Chairman Chen ...
June 30 , 2021
- SAIC Motor’s chairman says auto chip shortage likely to ease in late July
- Insurance registrations of Chinese NEV startups in May rocket over 200% YoY
In May, the registration of the vehicles from Chinese EV startups reached roughly 30,100 units, zooming up 221.6% from a year earlier, while also rising 10.1% from the previous month.
June 29 , 2021
- Insurance registrations of Chinese NEV startups in May rocket over 200% YoY
- Baidu’s AVP system likely to be introduced in GWM’s WEY Mocha in 2nd half of 2021
Chinese Internet giant Baidu announced on June 29 it has co-worked with Great Wall Motor (GWM) on automated valet parking (AVP) system, which is expected for introduction into a mass-produced model in...
June 29 , 2021
- Baidu’s AVP system likely to be introduced in GWM’s WEY Mocha in 2nd half of 2021
- GWM 2025 strategy: huge increase in sales and revenues
In 2025, the automaker expects its revenues will be RMB 600 billion and in the next five years, its cumulative R&D investment will be up to RMB 100 billion.
June 29 , 2021
- GWM 2025 strategy: huge increase in sales and revenues
- China PV wholesales in May: Hongguang MINIEV, Model 3 among top 10 PVs with only BEVs for sale
Among the top 10 locally-made PV models by May wholesales, there were eight car models and only two SUV models.
June 28 , 2021
- China PV wholesales in May: Hongguang MINIEV, Model 3 among top 10 PVs with only BEVs for sale
- NIO builds intelligent driving tech subsidiary in Hefei
On June 24, Chinese EV startup NIO founded an intelligent driving technology subsidiary, whose legal representative is Qin Lihong, co-founder and president of NIO.
June 28 , 2021
- NIO builds intelligent driving tech subsidiary in Hefei