Etiqueta: Leapmotor

SHANGHAI (Reuters) -China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars. But the Shanghai auto show opened on Wednesday amid deep industry-wide uncertainty over how the U.S.-China trade war could dampen demand and scramble supply chains as 100 more models launch into an already crowded market with more losers than winners. In a further complication, Chinese regulators signalled more and tougher scrutiny for smart-driving features that many automakers had seen as the next big thing in setting apart their cars from competitors just a week ago.

China is banning automakers from using the terms "smart driving" and "autonomous driving" when they advertise driving assistance features, and will tighten rules around such technology upgrades, the government told industry representatives, according to a transcript of a meeting.

Onvo and Firefly -- Nio's two sub-brands, Xiaomi EV and BYD Fang Cheng Bao, will be attending the Shanghai auto show for the first time.

The Chinese government seems to delayed the approval of Geely's plans to have Renault build its EVs in Brazil and BYD's plans to build a factory in Mexico.

Nio Inc's insurance registrations last week stood at 2,500 units, down 43.18 percent from 4,400 units in the previous week.

The Chinese automotive market sustained its growth momentum as automakers posted record-breaking sales figures for March, with competition notably intensifying in the new energy vehicle sector.