Smart and Sustainable Electric Mobility
Lack of consumer confidence and the Chinese New Year holiday will send China's auto sales down in January, an industry association said.
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After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
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Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.
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Battery-grade lithium carbonate has fallen more than 10 percent compared to mid-November when prices reached as high as RMB 590,000 per ton.
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Covid led to lower-than-expected retail growth in the Chinese auto market, with traditional ICE vehicles performing worse than expected while NEVs performing better than expected.
The post China's auto market in 2022: These are what exceeded expectations appeared first on CnEVPost.
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Major automakers including BYD, Tesla, NIO, and Li Auto were relatively unaffected, as they all have a certain level of order backlog, according to CICC.
The post How is China's NEV industry faring as Covid wave sweeps country? CICC explains appeared first on CnEVPost.
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This is another major adjustment to the Covid control policy since China began implementing strict Class A infectious disease prevention and control measures on January 20, 2020.
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In terms of retail sales, China's NEV penetration rate is expected to be about 31.8 percent in December, lower than the 32.3 percent in November.
The post China's NEV retail sales expected to be about 700,000 units in Dec, CPCA says appeared first on CnEVPost.
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The HiPhi Z coupe has a starting price of RMB 610,000, with the first production cars rolling off the production line on December 20.
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IM Motors LS7, a mid-to-large-size SUV with a pre-sale price range of RMB 350,000 ($50,260) to 500,000, will officially go on sale in February.
The post IM Motors unveils 2nd model LS7 and begins pre-sales with starting price of $50,260 appeared first on CnEVPost.
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