Another budget-priced electric car brand is taking off in China, this time selling compact SUVs.
among new energy passenger cars in China, a category which includes hybrids. As of November, year-to-date sales had exceeded 370,000 vehicles, according to the China Passenger Car Association.Nezha also said it exported about 3,500 cars in 2022. Since late 2021, the company has pushed into Southeast Asia, starting with a partnership in Thailand. Nezha, also known as Neta, has an English-language website that shows it's looking for partners in the Philippines and Cambodia.
The company is a brand under startup Hozon Auto. As of July 2022, Nezha said it had raised nearly 10 billion yuan for its Series D, or fourth stage of fundraising after initial investment.The Chinese government has supported the development of the domestic electric car industry. Cities have preferential policies that encourage people to switch to electric-powered cars.
And despite the drag of Covid controls on China's retail sales in 2022, electric car sales remained a pocket of growth. More than a quarter of passenger cars sold in 2022 through the end of November were new energy vehicles, according to the China Passenger Car Association. Monthly figures from the association typically come out in the middle of the month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NIO Set New Electric Car Sales Record In December 2022NIO continued to increase the production rate and global sales of electric vehicles in December, setting the second consecutive monthly record.
Read more »
Tesla Delivers Record-Setting 405,278 Cars In Q4 2022, 1.3 Million In All Of 2022Tesla has just released its Q4 2022 production and delivery report, so the numbers are now in. See how Tesla fared this quarter right here.
Read more »
Best of 2022: How Marvel & Mario Got Me Into Tactics in 2022Senior Gaming Editor Michael Leri describes how Midnight Suns and the Mario + Rabbids series got him into tactics.
Read more »
Nio stock surges after big deliveries beat, less than a week after cutting estimatesNio and Li Auto stocks surged, after the China-based EV makers reported deliveries that were well above estimates provided less than a week before
Read more »
Rewind 2022: A crypto roundup of the year and stepping into 2023History is proof that two factors play a key role in crypto market performance — Bitcoin price and investor sentiment. Both factors seemed to lack throughout the year.
Read more »
How to make health a priority in 2023Don’t say goodbye to 2022 without making your health a priority.
Read more »