EV
Beijing Benz to expand production to manufacture pure electric Mercedes-Benz models
Beijing Benz to expand production to manufacture pure electric Mercedes-Benz models

Beijing Benz Automotive Co., Ltd. (BBAC), a JV co-invested by BAIC Motor, Daimler AG and Daimler Greater China Ltd. (DGRC), recently has finished the filings of three projects.

Jul. 23 , 2018
Yogomo changes name as Link Tour to target new energy PVs
Yogomo changes name as Link Tour to target new energy PVs

Hebei Yogomo Vehicle Co., Ltd. (Yogomo) plans to change its name as Link Tour Automobile Co., Ltd., according to the official website of the Ministry of Industry and Information Technology.

Jul. 23 , 2018
Beijing adjusts NEV subsidies
Beijing adjusts NEV subsidies

The Beijing Finance Bureau announced that Beijing will adjust the municipal subsidies of new energy vehicles (NEV), saying that both the central government and local subsidies will be no more than 60% of car price.

Jul. 20 , 2018
CATL sees significant improvement for Q2 net profit, compared with Q1
CATL sees significant improvement for Q2 net profit, compared with Q1

CATL’s net profit attributable to shareholders of the parent company is expected to reach RMB 883.7616 million to RMB 938.4272 million in the first half of 2018, slumping 48.19% to 52.2% compared to the same period last year.

Jul. 18 , 2018
Installed capacity of power battery reaches 2.87GWh in June
Installed capacity of power battery reaches 2.87GWh in June

China’s installed capacity of power battery for new energy vehicles (NEV) reached 2.87GWh in June, leaping 33.58% year on year while sliding 36.57% month on month.

Jul. 17 , 2018
CATL gains RMB 2.8525 billion prepayment for battery products from BMW Brilliance
CATL gains RMB 2.8525 billion prepayment for battery products from BMW Brilliance

On July 17, CATL announced that considering the long-term strategic partnership between CATL and BMW Brilliance, CATL signed a strategic cooperation agreement with BMW Brilliance and will further deepen cooperation with the joint venture.

Jul. 17 , 2018