Category: Industry News

China NEV retail rebounds to 804,000 in May, penetration reaches record 47%

China's NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April.

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Mercedes-Benz to adopt smart driving solution from Chinese startup Momenta, report says

Mercedes-Benz's all-electric CLA model will be equipped with a high-level intelligent driving solution from Momenta that does not rely on high-definition maps, and will be capable of pilot assisted driving in urban areas, according to local media.

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China May NEV wholesale at 910,000, up 16% from Apr, CPCA estimates show

In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.

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Baidu-backed Jiyue launches new long-range variant for sole model on sale

The new variant of the Jiyue 01 has a CLTC range of 720 kilometers and a starting price of RMB 249,900 ($34,510), which sits in the middle of the two previously available variants.

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Great Wall Motor to close European headquarters, report says

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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CPCA expects China’s May NEV retail at 770,000, penetration at record 46.6%

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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