Category: China

Li Auto targets annual sales of at least 3 million vehicles by 2028, report says

Li Auto's management believes China's NEV penetration will reach 90 percent by 2028, when it will need to sell at least 3 million vehicles annually if it is to become one of the top five players, according to local media.

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China EV battery installations in Sept: CATL’s share falls to 39.41%, BYD rises to 27%

CATL's share fell by 4.88 percentage points in September from August, while BYD's rose by 0.03 percentage points.

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Chinese self-driving startup Haomo unveils new ADAS kits set to dramatically drive adoption of smart driving features

Haomo unveiled three ADAS kits priced as low as $410 and not relying on high-definition maps to capitalize on the opportunity presented by smart driving features that will cover the vast majority of new cars over the next two years.

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China’s NEV retail sales up 4.2% MoM to record 746,000 in Sept, CPCA data show

China's NEV penetration rate at retail stood at 36.9 percent in September, up 5.1 percentage points from 31.8 percent a year earlier but down from 37.3 percent in August.

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