Category: China

SAIC expects to sell over 1.2 million cars overseas this year

SAIC said it is in the process of selecting sites for its European vehicle manufacturing bases. The carmaker currently has four overseas vehicle manufacturing sites, and it sold 733,140 vehicles overseas in the January-August period.

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Huawei-backed Aito launches new M7, set to intensify competition in China’s EREV market

The starting price of the new M7 EREV is not only RMB 40,000 lower than its predecessor, it is also significantly lower than the price of its main competitor.

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China EV insurance registrations for week ending Sept 10: Tesla 10,700, Li Auto 8,500, Nio 3,800

Insurance registrations for Nio vehicles in China were 3,800 last week, and 6,000 between September 1 and September 10.

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Kaixin Auto plans to acquire WM Motor as financially troubled EV maker drops plan for backdoor listing in HK

Kaixin Auto has signed a non-binding letter of intent to acquire 100 percent of WM Motor from its shareholders by issuing a certain number of new shares.

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