EV
WM Motor's "7-Series" sedan to be unveiled at Auto China next year
WM Motor's "7-Series" sedan to be unveiled at Auto China next year

WM Motor recently revealed the project of the “7-Series” medium sedan, which will probably be managed by the Chief Growth Officer as well. The concept of the new sedan will be unveiled at the Auto China 2020 in Beijing.

Sep. 3 , 2019
Tesla EVs to be exempted from China’s vehicle purchase tax
Tesla EVs to be exempted from China’s vehicle purchase tax

China will exempt Tesla’s electric vehicles from its vehicle purchase tax, China’s Ministry of Industry and Information Technology (MIIT) said on August 30, amongst an escalating trade tension with the United State.

Sep. 2 , 2019
BAIC’s EV arm boasts 9.7% year-on-year growth in H1 net profit
BAIC’s EV arm boasts 9.7% year-on-year growth in H1 net profit

BAIC BluePark, the parent company of Chinese NEV maker BAIC BJEV, announced its first-half revenue zoomed up 76.63% from the previous year to RMB9.919 billion amongst a blooming rise of NEV sales in China.

Aug. 27 , 2019
China’s new energy PV sales in July rarely drop 4% over prior-year
China’s new energy PV sales in July rarely drop 4% over prior-year

China’s new energy passenger vehicle (NEPV) wholesale volume reached 68,781 units in July, dropping 4% from the previous year, the first decline in more than two years, according to the data released by the CPCA.

Aug. 15 , 2019
Evergrande Health warns first-half net loss of RMB2 billion in NEV business
Evergrande Health warns first-half net loss of RMB2 billion in NEV business

Evergrande Health is expected to record a net loss for the first half of 2019 of approximately RMB2 billion, versus the net profit of around RMB200 million for the same period in 2018, the company announced on August 9.

Aug. 14 , 2019
How Chinese OEMs’ NEV business performed in July
How Chinese OEMs’ NEV business performed in July

Gasgoo hereby rounded up NEV sales volumes released by several major Chinese OEMs. Both BYD and JAC Motors suffered evident year-on-year decline in July NEV sales. But in terms of year-to-date sales, all of them accomplished remarkable increase YoY.

Aug. 12 , 2019