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New energy vehicles projected to take up 51.9% of China’s passenger vehicle retail sales in Dec. 2024: CPCA
New energy vehicles projected to take up 51.9% of China’s passenger vehicle retail sales in Dec. 2024: CPCA

Of those, new energy vehicle (NEV) sales are expected to account for around 1.4 million units in December, representing a penetration rate of 51.9%.

Dec. 19 , 2024
LUXEED R7 model's REEV edition hits market, starting at 249,800 yuan
LUXEED R7 model's REEV edition hits market, starting at 249,800 yuan

On December 19, 2024, LUXEED, the premium new energy vehicle brand co-developed by Huawei and Chery, officially put the REEV (range-extended electric vehicle) edition of its LUXEED R7 model onto the market.

Dec. 19 , 2024
U POWER Tech nabs hundreds of millions of yuan in Series B funding
U POWER Tech nabs hundreds of millions of yuan in Series B funding

U POWER Tech announced on December 19 it has successfully closed its Series B financing, which raised for the company hundreds of millions of yuan.

Dec. 19 , 2024
Audi FAW NEV's manufacturing factory starts operation
Audi FAW NEV's manufacturing factory starts operation

On December 17, Audi FAW New Energy Vehicle (NEV) Co., Ltd. (Audi FAW NEV) officially began operation at its manufacturing factory, according to a post on the company's WeChat account. The first model produced here is the Audi Q6L e-tron.

Dec. 18 , 2024
EVE Energy inaugurates new 60GWh super energy storage plant
EVE Energy inaugurates new 60GWh super energy storage plant

On December 10, Chinese lithium battery supplier EVE Energy officially inaugurated its new 60GWh super energy storage factory in Jingmen city, Hubei province, with the 628Ah ultra-high-capacity cell "Mr.Big" put into production there.

Dec. 18 , 2024
Chinese automaker Haima Motor sails through official evaluation of second FCEV pilot project's first phase
Chinese automaker Haima Motor sails through official evaluation of second FCEV pilot project's first phase

Chinese automaker Haima Motor Corporation (Haima) recently saw the first phase of its second fuel cell electric vehicle (FCEV) pilot project pass the evaluation led by the Hainai authorities, securing a reward of 12 million yuan.

Dec. 18 , 2024