Category: Industry News

Toyota’s JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China’s EV sector

In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for mainstream joint venture brands.

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Lotus begins delivery of EVs equipped with digital rearview mirrors, becoming 1st to do so in China

Lotus delivered the first Eletre EVs with digital rearview mirrors to owners on July 21 at its plant in Wuhan, Hubei province in central China.

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China issues new measures to boost auto consumption with emphasis on support for NEVs

The document lists 10 measures, three of which are directly related to support for the NEV sector, and specifically mentions support for the battery swap model.

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