EV
NIO plans 500,000 units of annual production capacity for mass-market brand
NIO plans 500,000 units of annual production capacity for mass-market brand

NIO has paved the way for building an annual production capacity of 500,000 vehicles for its yet-to-be-launched mass-market brand, under which the vehicles would be priced around 200,000 yuan ($29,840), said William Bin Li.

Jun. 17 , 2022
Greater Bay Technology to build joint venture with BIT-backed firm for fast-charging battery R&D
Greater Bay Technology to build joint venture with BIT-backed firm for fast-charging battery R&D

Greater Bay Technology and Guangdong Huafeng New Energy Technology Co., Ltd. intend to set up a joint venture that focuses on the R&D and production of fast-charging batteries and the new-generation energy storage devices and systems.

Jun. 16 , 2022
NIO launches ES7 all-electric SUV, to start delivery on Aug. 28, 2022
NIO launches ES7 all-electric SUV, to start delivery on Aug. 28, 2022

NIO today officially launched its sixth production model, the ES7.

Jun. 15 , 2022
Li Auto breaks ground on 2nd phase of Beijing industrial park
Li Auto breaks ground on 2nd phase of Beijing industrial park

On June 14, Li Auto broke ground on the second phase of its industrial park in Shunyi district, Beijing, which is anticipated to start operation at the end of 2023, according to a local media channel.

Jun. 15 , 2022
China’s Guangzhou to set up 10-billion-yuan fund for ICV, NEV development
China’s Guangzhou to set up 10-billion-yuan fund for ICV, NEV development

China's Guangzhou plans to build a 10 billion yuan ($1.481 billion) worth of fund to promote the development of local intelligent-connected vehicle (“ICV”) and new energy vehicle (“NEV”) industries.

Jun. 14 , 2022
China’s MIIT to conduct study on whether to extend NEV purchase tax exemption
China’s MIIT to conduct study on whether to extend NEV purchase tax exemption

Xin Guobin, vice minister of China's Ministry of Industry and Information Technology (MIIT), said on Tuesday at a press conference that a study would be made as soon as possible on whether to continue the preferential tax policy for NEV purchase.

Jun. 14 , 2022