
More recent developments

NEVs post best-ever export growth in April, offsetting ICE decline
China's new energy vehicle (NEV) exports just posted their best month by a long shot. According to the China Passenger Car Association's latest data, in April, China exported: Just over 234,000 gas-powered passenger vehicles, down over 22% y/y Just under… Read More »

MoHURD newspaper shoots down presale ban speculation
Authorities aren't about to abolish housing presales outright. That’s the verdict from China Real Estate Business, a newspaper managed by the housing ministry (MoHURD). ICYMI: On May 8, Bloomberg reported that Beijing is formulating a plan to prohibit presales for… Read More »

CATL looks to dominate China’s NEV battery swapping ecosystem with latest heavy-duty truck offering
On Sunday, CATL unveiled its new standardized battery to support heavy-duty truck (HDT) battery swapping (BS). The move follows CATL’s ambitious recent expansion into passenger vehicle BS. Some context: China’s HDT fleet constitutes less than 4% of total road vehicle… Read More »