EV
GAC NE’s Aion V BEV hits market with post-subsidy price starting at 159,600 yuan
GAC NE’s Aion V BEV hits market with post-subsidy price starting at 159,600 yuan

GAC NE, GAC Group’s wholly-owned BEV-focused subsidiary, will launch its third mass-produced model, the Aion V, into the market through online platform on June 16.

Jun. 16 , 2020
Tesla permitted to produce LFP battery-powered Model 3 in China
Tesla permitted to produce LFP battery-powered Model 3 in China

Tesla has received governmental approval to locally build in China the Model 3 vehicles powered by lithium iron phosphate (LFP) batteries, a catalogue issued by China’s Ministry of Industry and Information Technology (MIIT) showed.

Jun. 12 , 2020
China’s new energy PV wholesales continue to rebound in May
China’s new energy PV wholesales continue to rebound in May

Automakers in China sold roughly 70,200 locally-produced new energy PVs (NEPVs) in May, posting a year-on-year decline of 25.8%, while gaining a 19.5% growth compared to a month ago, according to the China Passenger Car Association (CPCA).

Jun. 9 , 2020
Shareholder of Evergrande NEVS (Shanghai) sells 20% stake
Shareholder of Evergrande NEVS (Shanghai) sells 20% stake

20% stake of Evergrande NEVS (Shanghai) has been transferred with a final transaction price of RMB 443 million.

Jun. 3 , 2020
Xpeng Motors plows 10 mln yuan in founding new sales & service subsidiary
Xpeng Motors plows 10 mln yuan in founding new sales & service subsidiary

Chinese EV startup Xpeng Motors founded a sales & service subsidiary on May 26 which involves a registered capital of 10 million yuan ($1,401,090), according to the business data search platform Tianyancha.

Jun. 1 , 2020
NIO Inc. Reports Unaudited First Quarter 2020 Financial Results
NIO Inc. Reports Unaudited First Quarter 2020 Financial Results

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2020.

May 28 , 2020