EV
China to reduce tariffs on imported fuel cell-related parts
China to reduce tariffs on imported fuel cell-related parts

China will lower tariffs on fuel cell-related components imported to the country in 2021, which will be a boon to the development of fuel cell vehicles (FCVs).

Dec. 28 , 2020
BAIC BJEV makes headway in development of solid-state batteries
BAIC BJEV makes headway in development of solid-state batteries

BAIC BluePark New Energy Technology Co.,Ltd., the parent company of BAIC BJEV, has made some progress in the development of solid-state EV batteries and has tested the batteries in complete vehicles.

Dec. 25 , 2020
China’s Li Auto sees cumulative deliveries top 30,000 units
China’s Li Auto sees cumulative deliveries top 30,000 units

Li Auto announced on Dec. 18 it has so far delivered over 30,000 new vehicles only one year after the delivery kicking off. It is also the first startup in China that achieves the milestone.

Dec. 18 , 2020
Tesla achieves best-ever monthly deliveries for China-made Model 3
Tesla achieves best-ever monthly deliveries for China-made Model 3

In November, the monthly retail sales of Tesla’s China-made Model 3 hit a new record high of 21,604 units in the world’s largest auto market, according to the China Passenger Car Association (CPCA).

Dec. 9 , 2020
Volkswagen inaugurates R&D hub in Hefei for China e-mobility offensive
Volkswagen inaugurates R&D hub in Hefei for China e-mobility offensive

On December 8, Volkswagen Group saw the inauguration of a new R&D center at its facilities in Hefei, indicating that Anhui province is to advance into a new center of competence and e-mobility hub for the German auto giant in China.

Dec. 9 , 2020
Startup XPeng intends to sell 40 mln ADSs to raise $1.942 billion
Startup XPeng intends to sell 40 mln ADSs to raise $1.942 billion

XPeng Inc. (XPeng or the Company), a leading Chinese electric vehicle (EV) startup, announced on Dec. 7 that it plans to offer and sell 40 million American Depositary Shares (ADSs) to the public, which represent 80 million Class A ordinary shares.

Dec. 8 , 2020