EV
DENZA D9 hits market, starting at 329,800 yuan
DENZA D9 hits market, starting at 329,800 yuan

DENZA, a premium auto brand majority-owned by BYD, saw its all-new MPV model "D9" officially hit the market on August 23. Coming with seven trim levels, the DENZA D9 features a price range of 329,800 yuan to 459,800 yuan ($48,080-$67,040).

Aug. 24 , 2022
CATL sees H1 2022 net profit surge 82.17% YoY
CATL sees H1 2022 net profit surge 82.17% YoY

CATL announced this week its revenue reached 112,971,257,900 yuan ($16.489 billion) for the first half of 2022 (“H1 2022”) thanks to the growth in its business scale, surging 156.32% from the previous year.

Aug. 24 , 2022
XPeng Reports Second Quarter 2022 Unaudited Financial Results
XPeng Reports Second Quarter 2022 Unaudited Financial Results

​XPeng Inc., a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended June 30, 2022.

Aug. 23 , 2022
China’s Hainan province highlights goal of banning oil-fueled vehicle sale by 2030
China’s Hainan province highlights goal of banning oil-fueled vehicle sale by 2030

Hainan, the first province in China to come up with the timeframe of banning the sale of oil-fueled automobiles, stressed the aim in an implementation scheme for peaking carbon dioxide emissions issued by Hainan provincial government today.

Aug. 22 , 2022
China extends NEV purchase tax exemption by another year
China extends NEV purchase tax exemption by another year

China will extend its exemption of purchase taxes on new energy vehicles (“NEVs”) to the end of 2023, the country’s State Council decided at an executive meeting held on August 18, as part of measures to boost automobile sales.

Aug. 22 , 2022