EV
CATL-GAC Group joint venture to invest RMB4.226 billion in power battery program
CATL-GAC Group joint venture to invest RMB4.226 billion in power battery program

CATL, a China-based vehicle and energy storage battery maker, announced on December 14 that its board of directors has agreed CATL-GAC Power Battery Co.,Ltd (CATL-GAC) to invest around RMB4.226 billion in a power battery base program.

Dec. 17 , 2018
XPENG Motors NEV base in Guangdong plans two new models
XPENG Motors NEV base in Guangdong plans two new models

Chinese EV startup XPENG Motors plans two new models based on the A and B platform for its intelligent-connected technology industrial park located in Zhaoqing, Guangdong Province.

Dec. 14 , 2018
BAIC BluePark to set up new intelligent plant in Beijing to create high-end models
BAIC BluePark to set up new intelligent plant in Beijing to create high-end models

BAIC BluePark New Energy Technology Co.,Ltd (BAIC Bluepark) announced on December 13 that its board of directors agreed an application to build a new vehicle plant featuring intelligent manufacturing technologies in Beijing.

Dec. 13 , 2018
WEY to launch hydrogen-powered vehicle model in 2020, foray into Germany in 2021
WEY to launch hydrogen-powered vehicle model in 2020, foray into Germany in 2021

WEY plans to release its first hydrogen-powered vehicle model in 2020 and formally launch fuel-cell volume production model in 2022, aiming to making NEV sales account for 50% of the brand’s overall sales by 2030.

Dec. 11 , 2018
Two new Buick NEV models to be made in China with total annual capacity of 88,000 units
Two new Buick NEV models to be made in China with total annual capacity of 88,000 units

Buick is going to have two NEV models code-named K226 and K228 locally produced in China with a total annual capacity of 88,000 units, according to local media. Meanwhile, the annual capacity of the Buick Excelle will be decreased by 88,000 units.

Dec. 4 , 2018
CATL tries to apply for credit line worth no more than RMB110 billion
CATL tries to apply for credit line worth no more than RMB110 billion

China's largest lithium battery maker Contemporary Amperex Technology Limited (CATL) plans to apply for a comprehensive credit line with the ceiling of RMB110 billion from banks, the company announced on November 28.

Nov. 29 , 2018