Category: Industry News

Automakers in central China’s Hubei offer hefty subsidies as sales pressure mounts

Authorities in Hubei province have joined forces with local automakers this month to offer subsidies for car purchases of up to RMB 90,000 yuan ($13,000) for some models.

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China’s Feb retail sales of passenger NEVs up 32% from Jan to 438,000, preliminary CPCA data show

China's new energy passenger vehicle penetration at retail in February was 32.1 percent, up 6.4 percentage points from 25.7 percent in January.

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Mercedes-Benz launches EQS SUV in China with starting price of over $132,000

The EQS SUV is the latest offering from Mercedes-Benz in China, where it has previously released several all-electric models that have had lukewarm sales.

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CPCA expects Feb NEV sales in China to grow 20% from Jan

Retail sales of new energy passenger vehicles in China are expected to be around 400,000 units in February, with a penetration rate of 29.6 percent, according to preliminary estimates by the CPCA.

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