China-based EV startup AIWAYS is said to acquire stakes in Jiangling Motors Co., Ltd. (JMC), while the detail transaction value still remained unknown, according to a financing record exposed by Tianyancha on May 23.
May 24 , 2019
BYD Company Limited said on May 22 that its subsidiary BYD Auto Industry Company Limited has received the state’s subsidy on new energy vehicle promotion amounting to RMB3.458 billion from Shenzhen Pingshan District Finance Bureau.
May 23 , 2019
Roughly estimated, over 20 cities and provinces in this country have released their planning on developing hydrogen energy and hydrogen fuel-cell vehicles, forming six regional industrial clusters across China, according to China’s media outlets.
May 21 , 2019
Sitech on May 16 announced the completion of a Series B funding round, which is led by an industrial investment fund of Changshou District in Chongqing. Up until now, the startup is valued at over RMB10 billion, almost reaching a unicorn status.
May 16 , 2019
Almost 1 in 20 BMW/MINI sold in April was a plug-in, but sales decreased a little bit.
May 15 , 2019
China’s power battery maker Contemporary Amperex Technology Limited (CATL) has signed a cooperation agreement with Volvo Cars to supply electric car batteries for the latter’s next-generation EVs and Polestar cars, CATL announced on May 15.
May 15 , 2019