EV
China’s Vehicle Inventory Alert Index in May 2024 up YoY, but down MoM
China’s Vehicle Inventory Alert Index in May 2024 up YoY, but down MoM

The Vehicle Inventory Alert Index for Chinese auto dealers in May 2024 stood at 58.2%, representing a year-on-year increase of 2.8 percentage points and a month-on-month decrease of 1.2 percentage points.

Jun. 6 , 2024
NETA Auto granted financial supports from China CITIC Bank, CITIC Securities
NETA Auto granted financial supports from China CITIC Bank, CITIC Securities

On June 5th, Hozon New Energy Automobile Co., Ltd., the parent company of NETA Auto, signed a comprehensive cooperation agreement with China CITIC Bank Shanghai Branch and CITIC Securities Shanghai Branch.

Jun. 6 , 2024
NIO's third factory construction underway, set to produce cars for both NIO, ONVO brands
NIO's third factory construction underway, set to produce cars for both NIO, ONVO brands

NIO co-founder and president Qin Lihong revealed that NIO's third factory is located in the Xinqiao Intelligent Electric Vehicle Industrial Park in Hefei city and has recently begun construction.

Jun. 6 , 2024
BAIC BluePark’s May auto sales jump 33% YoY
BAIC BluePark’s May auto sales jump 33% YoY

On June 3, BAIC BluePark, the parent company of BAIC BJEV, released its production and sales report for May 2024. The data shows that BAIC BJEV sold 5,433 vehicles in May, marking a 33% year-on-year jump.

Jun. 4 , 2024
PIA Automation, Freudenber team up on fuel cell system project
PIA Automation, Freudenber team up on fuel cell system project

Recently, PIA Automation and Freudenberg Group entered into a collaboration agreement on high-performance hydrogen fuel cell systems.

Jun. 4 , 2024
Autoliv, XPENG AEROHT partner for development of flying car technologies
Autoliv, XPENG AEROHT partner for development of flying car technologies

On June 3, Autoliv China and XPENG AEROHT signed a strategic cooperation agreement in Guangzhou.

Jun. 4 , 2024