The Yangwang U9, an all-electric supercar, went on sale on February 25 at a starting price of RMB 1.68 million ($231,560).
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Author: Lei Kang
CPCA expects China’s Jul NEV retail at 860,000, penetration to rise further to 49.7%
China's passenger car retail sales fell in July from June, but the NEV market was bolstered by fast-growing sales of hybrid models, the CPCA said.
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Xiaomi secures new land parcel in Beijing, possibly for EV plant phase 2
The current Xiaomi EV factory is a phase 1 project with an annual capacity of 150,000 units, and the second phase is also planned to have an annual capacity of 150,000 units.
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Neta launches Neta X SUV in Malaysia and Thailand
Neta has started production at its plant in Thailand and is building a new plant in Malaysia.
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Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank.
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Li Auto unveils scaled-back car purchase incentives
Li Auto's move comes as the price war in China's auto industry eases, after some luxury brands have rolled back steep discounts.
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Huawei-BAIC joint brand Stelato to launch 1st model S9 sedan on Aug 6
The Stelato S9 is expected to be priced from RMB 450,000 ($61,990) to RMB 550,000.
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China NEV retail at 461,000 in Jul 1-21, down 2% from same period last month
China's retail penetration of NEVs stood at 49.35 percent in the July 1-21 period, and 42.45 percent year-to-date.
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Lexus seeks to build wholly-owned plant in China, starting with production of UX hybrid and 1 BEV, report says
The models will be sold in China and also to overseas markets such as Japan, according to local media.
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GAC Aion launches updated Aion V SUV to target global markets
The updated Aion V is GAC Aion's first model to be built in both its China and Thailand factories, and GAC Aion said the model will be available in a battery swap-enabled variant in the future.
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