According to the China Association of Automotive Manufacturers (CAAM), BYD and Tesla saw the most remarkable annual SUV sales growth rates from January to April of 2022.
Chinese search engine and AI company Baidu Inc has completed the registration of a new electric vehicle (EV) company, officially signaling a kick-off of its new venture with automaker Geely.
China’s new energy vehicle (NEV) market is poised for a boom over the next five years. IDC predicts that sales of NEVs in 2020 will reach 1.16 million units, and will continue to grow rapidly in the next two years.
The cumulative sales of Li Auto’s sole model, the Li ONE, from January to July 2020 reached 12,182 units, once again topping the list of China’s new energy medium and large SUVs.