EV
Li Auto’s Q1 2024 revenue jumps 36.4% YoY, but drops 38.6% QoQ
Li Auto’s Q1 2024 revenue jumps 36.4% YoY, but drops 38.6% QoQ

Li Auto reported total revenues of 25.6 billion yuan for Q1 2024, marking a substantial 36.4% increase from the prior-year period, but representing a 38.6% slump from the previous quarter.

May 21 , 2024
Volvo Cars’ EX30 all-electric SUV hits Chinese market, starting at 200,800 yuan
Volvo Cars’ EX30 all-electric SUV hits Chinese market, starting at 200,800 yuan

On May 19, Volvo Cars officially announced the pricing for its new small-sized all-electric SUV, the EX30. The new model comes in four versions, with prices ranging from 200,800 yuan to 255,800 yuan.

May 20 , 2024
NIO’s Power Swap on Pilot service already offered in 243 expressway service areas
NIO’s Power Swap on Pilot service already offered in 243 expressway service areas

As of May 20, 243 expressway service areas in China have offered NIO’s PSP (Power Swap on Pilot) service, NIO announced via its official Weibo account.

May 20 , 2024
FAW Group rolls off Bestune Pony all-electric car at Yancheng NEV base
FAW Group rolls off Bestune Pony all-electric car at Yancheng NEV base

On May 17, FAW Group's new energy passenger vehicle (NEPV) production base in Yancheng city, Jiangsu province (called “FAW Group's Yancheng Branch” for short) celebrated the official commencement of its operation.

May 17 , 2024
GAC AION, CATL, CAES sign framework agreement on battery swapping project
GAC AION, CATL, CAES sign framework agreement on battery swapping project

On May 16, GAC AION, a subsidiary of GAC Group, signed a framework agreement for a battery swapping project with CATL and Contemporary Amperex Energy Service Technology Ltd. (“CAES”) at the GAC Center.

May 17 , 2024
Continental breaks ground on testing center in Shanghai's Jiading district
Continental breaks ground on testing center in Shanghai's Jiading district

The groundbreaking ceremony for Continental's Jiading Test Center was held in the Jiading Industrial Zone on, Shanghai city on May 16, according to a post on "Shanghai Jiading" WeChat account.

May 17 , 2024