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China's Vehicle Inventory Alert Index stood at 52.3% in July 2021, dropping 10.4 percentage points from the previous year, while also felling 3.8 percentage points from the previous month, according to the China Automobile Dealers Association.
Aug. 2 , 2021
XPeng Motor (XPeng) announced on July 31 the start of the construction for its Wuhan manufacturing plant, marking the strategic cooperation formed with Wuhan municipal government in April 2021 has been firmed up.
Aug. 2 , 2021
By the end of July, it has just completed 42.65% of its goal.
Aug. 2 , 2021
Ai Tiecheng, former general manager at WeWork Greater China, has joined NIO to serve as vice president of strategic new businesses and will directly report to William Bin Li, NIO’s founder, chairman, and CEO.
Jul. 30 , 2021
Tesla has reduced the post-subsidies price of the China-made Model 3 Standard Range Plus (SR+) by 15,000 yuan ($2,320) to 235,900 yuan ($36,560), the U.S. EV manufacturer announced on July 30 via its Weibo account.
Jul. 30 , 2021
Great Wall Motor (GWM) saw its manufacturing plant in Jingmen, Hubei province start vehicle production on July 29, according to a post on GWM’s WeChat account.
Jul. 30 , 2021