Smart and Sustainable Electric Mobility
Great Wall Motor plans to close its European headquarters in Munich at the end of August and fire all of the 100 or so local employees, according to a German media report.
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China's retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date.
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China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.
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China's retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date.
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SAIC and Audi are combining their resources to jointly develop a series of EV models, with the first product expected to go on sale in 2025.
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China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.
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Xiaomi EV plans to increase its daily production time from 8 hours to 16 hours starting in June, with monthly production capacity expected to rise to nearly 20,000 units, according to local media.
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China said it will take all necessary measures to safeguard its legitimate rights and interests.
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Deliveries of the regular variants of the IM L6 will begin at the end of May, while deliveries of the variant with semi-solid-state batteries are expected to begin in October.
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Excluding exports, domestic NEV sales in April were 736,000 units, up 37.31 percent year-on-year but down 2.9 percent from March.
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