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The new energy vehicle (NEV) industry in Shanghai’s Lin-gang Special Area, where Tesla’s Shanghai Gigafactory is located, has seen the overall production capacity utilization rate recover to nearly 46% as of May 16.
May 17 , 2022
SAIC-GM-Wuling (“SGMW”), General Motors' joint venture with Chinese partners SAIC Motor and Guangxi Automobile Group, announced on May 17 it has accumulated over 700,000-unit retail sales of the Hongguang MINI EV electric car.
May 17 , 2022
Uxin Limited on May 16 entered into a binding term sheet with affiliates of two existing shareholders, NIO Capital and Joy Capital (collectively, the “Investors”) for new financing business.
May 17 , 2022
On May 16th, Tesla issued a recall on 107,293 China-made Model 3s and Model Ys in China. The recall will take effect on May 23rd.
May 16 , 2022
On May 15, NIO held a ceremony in Chongqing city to celebrate the achievement of 200,000 complete vehicles in cumulative deliveries, according to the startup's press release. It took the startup fewer than 4 four years to accomplish the target.
May 16 , 2022
DENZA, a premium auto brand majority-owned by BYD, formally started presale of the long-awaited all-new MPV model "D9" on May 16. Presale prices of the model range from 335,000 yuan ($49,310) to 460,000 yuan ($67,710).
May 16 , 2022