In February, China's retail sales of all passenger vehicles totaled 1.092 million units, down 21 percent year-on-year and down 47 percent from January.
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BYD has launched an updated version of the Seagull, lowering the starting price to RMB 69,800, or about $9,700.
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HiPhi said that the X, Y and Z series models that have been mass-produced were developed by the company itself, or jointly with supplier partners, and have its own intellectual property rights.
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China will tweak its policy to give the three centrally-administered automakers a separate assessment of their NEV businesses, a senior official said.
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February sales in China's auto market are expected to be the lowest of the year, the CPCA said.
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The financing will be used for next-generation model development, smart driving technology development and entry into overseas markets.
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The iCAR 03 has a boxy look, and Chery said it's a car for young people.
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Retail sales of all passenger vehicles in China for the period February 1-25 were 861,000 units, down 25 percent year-on-year and down 43 percent from the same period last month.
The post China's NEV retail at 283,000 in Feb 1-25, down 44% from same period last month appeared first on CnEVPost.
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Retail sales of all passenger vehicles in China for the period February 1-25 were 861,000 units, down 25 percent year-on-year and down 43 percent from the same period last month.
The post China's NEV retail at 283,000 in Feb 1-25, down 44% from same period last month appeared first on CnEVPost.
For more articles, please visit CnEVPost.
Bloomberg reported that Apple is canceling its decade-long EV-making effort. CEOs of EV makers including Xpeng, Li Auto, Xiaomi, and Jiyue have expressed their views.
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