China’s largest manufacturer of electric-car batteries, Contemporary Amperex Technology Co (CATL), has launched EVOGO, a new battery-swapping service that will allow the company to benefit from the rapidly growing new energy vehicle market in the country, reports the South China Morning Post. EVOGO’s services, offered via a mobile app, will allow users to change their […]
Category: Autos
China’s electric vehicle sales rose by 160% to a record high of 2.9 million units in 2021, underpinning the first increase in overall car sales in the country in the past four years, reports Caixin. New-auto sales rose 3.8% to 26.3 million vehicles in 2021, according to the China Association of Automobile Manufacturers. Sales of […]
China saw auto sales rise last year for the first time since 2017, helped by a 1.5 times expansion in NEV sales, reports Reuters. Total sales in the world’s largest car market grew 3.8% year-on-year, after monthly sales of 2.79 million units in December brought total sales for 2021 to 26.28 million, data from the […]
Struggling ride-hailing company Didi has initiated informal talks with the Hong Kong stock exchange about a potential public listing as the embattled firm tries to shake off the effects of a calamitous IPO in New York, reports the Financial Times. Chinese regulators in effect torpedoed Didi’s business in the days after its US debut last […]
German carmaker Volkswagen sold 10,000 fewer electric vehicles than anticipated in China last year, due to fierce competition from domestic brands and the knock-on effects of the global semiconductor shortages, reports the Financial Times. VW sold 70,000 of its five flagship ID models, most of which were launched during the past year, having targeted sales […]