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News
China’s New Energy Vehicle (NEV) Retail Sales Reach 172,000 in September 1-10, Marking a 9% Increase Compared to the Previous Month
2023-09-13
Car News
In the initial ten days of September, China experienced a notable surge in the adoption of New Energy Vehicles (NEVs) at retail, reaching an impressive 39.18%. When we consider the year-to-date figures, the penetration of NEVs stands at a substantial 33.8%. According to the latest data released by the China…
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Nio Plans to Establish a Joint Venture with Svolt Energy for Collaborative Battery Development, According to a Report
2023-09-13
Car News
Nio is reportedly planning a partnership with Svolt Energy, a battery maker spun off from Great Wall Motor, to co-develop large cylindrical batteries for electric vehicles (EVs). The collaboration is seen as a last resort attempt by Nio after its efforts to develop batteries independently faced challenges. The partnership between…
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BYD’s Premium Yangwang Brand to officially launch U8 SUV on Sept 20
2023-09-12
Car News
Yangwang began pre-sales of the U8 on the first day of the Shanghai auto show on April 18, with a pre-sale price of RMB 1.098 million. BYD's premium brand Yangwang will officially launch its first production vehicle, the U8, later this month, after it began pre-sales at the Shanghai auto…
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MG4 EV XPOWER Edition Officially Launched And Sold For 139,800 Yuan
2023-09-12
Car News
On September 7th, we learned from the official that the MG4 EV XPOWER was officially launched, priced at 13,9800 yuan. This car is not a single market model that is only aimed at the Chinese market. The overall design of the car is developed by SAIC Group’s teams in China…
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The Geely Galaxy L6 Commences Mass Production as the First Car Rolls Off the Production Line
2023-09-11
Car News
Geely has commenced mass production of its Galaxy L6, the second model in the Galaxy series, with an official market entry date set for September 16th. The Galaxy L6 is a plug-in hybrid (PHEV) sedan available in four versions: 60km AIR, 60km PLUS, 125km MAX, and 125km. Prices range from…
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Chinese EV Battery Manufacturer Gotion to Construct a $2 Billion Plant in Illinois, with Production Set to Commence in 2024
2023-09-11
Car News
Gotion High-tech, a Chinese power battery company backed by Volkswagen, is set to build an electric vehicle (EV) battery production facility in the United States. The $2 billion gigafactory is located in Illinois and is expected to commence production in 2024. This facility will focus on the production of lithium-ion…
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