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Li Auto founds NEV manufacturing subsidiary in Beijing
Li Auto founds NEV manufacturing subsidiary in Beijing

Nasdaq-listed Chinese automaker Li Auto recently set up a new subsidiary in Beijing that engages in the manufacturing of new energy vehicles (NEVs).

Apr. 14 , 2021
Great Wall Motor resumes sedan business under WEY brand
Great Wall Motor resumes sedan business under WEY brand

Great Wall Motor (GWM) has resumed its sedan business and plan to launch the first sedan model in May under WEY brand, according to Li Ruifeng, vice president of GWM and general manager of WEY brand, said earlier this week.

Apr. 13 , 2021
Tesla only trails Germany's Big Three in China by Q1 premium brands' insurance registrations
Tesla only trails Germany's Big Three in China by Q1 premium brands' insurance registrations

In the first quarter of 2021 (Q1), there were 69,631 consumers in China buying the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for Tesla's vehicles, according the to China Automotive Technology & Research Center.

Apr. 13 , 2021
BYTON’s former CEO Dr. Daniel Kirchert joins Evergrande Auto as executive vice president
BYTON’s former CEO Dr. Daniel Kirchert joins Evergrande Auto as executive vice president

Dr. Daniel Kirchert, co-founder and former CEO of EV startup BYTON, has joined Evergrande Auto, the new energy vehicle (NEV) unit of Chinese property giant Evergrande Group, as executive vice president, according to recent local reports.

Apr. 12 , 2021
SAIC Motor achieves 68.24% hike in Q1 2021 sales
SAIC Motor achieves 68.24% hike in Q1 2021 sales

For the first month of 2021, SAIC Motor saw its auto sales surge 68.24% over a year ago to 1,142,410 units, with all subsidiaries recording robust growth, according to the company’s announcement.

Apr. 12 , 2021
China's homegrown PV retail sales soar 66.4% YoY in March 2021
China's homegrown PV retail sales soar 66.4% YoY in March 2021

In March 2021, around 1.796 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year surge of 66.4%, according to the China Passenger Car Association (CPCA).

Apr. 9 , 2021