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GAC NIO’s former CEO builds new NEV brand named “Freedom”
GAC NIO’s former CEO builds new NEV brand named “Freedom”

Liao Bing, former CEO of GAC NIO, has founded a new NEV (new energy vehicle) brand dubbed “Ziyou Motor” (meaning “freedom”), according to his personal social media platform of Sina Weibo.

Feb. 3 , 2021
BAIC BJEV said to launch Huawei HiCar-powered model in April
BAIC BJEV said to launch Huawei HiCar-powered model in April

BAIC BJEV, the new energy vehicle (NEV) unit of BAIC Group, intends to launch the model jointly developed with Huawei in April and start selling the new vehicles in November 2021, according to a local media outlet.

Feb. 3 , 2021
Honda’s China deliveries up by 4.8% YoY in January
Honda’s China deliveries up by 4.8% YoY in January

Honda reported it delivered 157,457 new vehicles in China last month, a 4.8% growth from a year ago. As of Jan. 2021, the Japanese automaker scored year-on-year delivery increase in the country for the seventh month in a row.

Feb. 3 , 2021
NIO, Red Star Macalline to co-work on building EV charging, battery swapping stations
NIO, Red Star Macalline to co-work on building EV charging, battery swapping stations

NIO and Red Star Macalline, a leading Chinese furniture retailer, signed a strategic cooperation framework agreement on Feb. 2 to jointly build EV charging and battery swapping stations.

Feb. 2 , 2021
China’s Vehicle Inventory Alert Index drops 2.6 percentage points YoY in Jan. 2021
China’s Vehicle Inventory Alert Index drops 2.6 percentage points YoY in Jan. 2021

China’s Vehicle Inventory Alert Index stood at 60.1% in January 2020, which dropped 0.6 percentage points compared to the previous month and fell 2.6 percentage points over the previous year, according to the China Automobile Dealers Association.

Feb. 2 , 2021
Li Auto announces January delivery update, establishment of R&D center in Shanghai
Li Auto announces January delivery update, establishment of R&D center in Shanghai

By the end of January, 2021, the startup’s cumulative deliveries reached 38,976 vehicles.

Feb. 2 , 2021