AUTOMOTIVE NEWS CHINA

SAIC Motor, which traces it roots back to the early days of China’s auto industry, is working to make sure its 15-year reign atop the country’s sales charts doesn’t end.

While selling electric vehicles under their existing brands, major Chinese carmakers have launched a plethora of new EV marques since last year to fend off competition from Tesla and domestic EV startups.

China’s new-vehicle market has contracted for the seventh straight month amid the microchip shortage.

Chinese electric-vehicle startup Nio signed up oil giant Royal Dutch Shell to jointly construct battery swap stations for electric vehicles in Europe and China.