EV
Changan plans to gain CATL’s equity indirectly by acquisition
Changan plans to gain CATL’s equity indirectly by acquisition

On Oct. 31, Changan Automobile announced that it plans to invest CATL by purchasing the fund shares of Zhenjiang Demao Hairun Equity Investment Fund Partnership.

Nov. 1 , 2017
BYD sets up joint venture with Faurecia
BYD sets up joint venture with Faurecia

BYD and Faurecia announced the establishment of a joint venture. Named Shenzhen Faurecia Automotive Parts Co., Ltd., the new joint venture will focus on developing and manufacturing advanced seating solutions for BYD-affiliated OEM brand.

Nov. 1 , 2017
Zhejiang constructs solar road providing electricity for EVs
Zhejiang constructs solar road providing electricity for EVs

A solar road with global maximum load is completed in the park of Shaoxing Lanting Solar Energy Scientific and Technological Company Ltd., Zhejiang Province.

Oct. 31 , 2017
Commerce Department confirms Tesla’s discussion with Shanghai government
Commerce Department confirms Tesla’s discussion with Shanghai government

On October 26th, the spokesman of the Commerce Department confirmed that America electric-car maker Tesla Inc. has been in talk with relevant departments of Shanghai government.

Oct. 27 , 2017
Baoneng Group invests RMB 14b to launch NEV project
Baoneng Group invests RMB 14b to launch NEV project

Currently, Hangzhou Fuyang District government signed a cooperative agreement with Baoneng Group, Hangzhou Xintiandi Group on a NEV project with the annual capacity of 300,000 units and Xintiandi City Complex Project.

Oct. 27 , 2017
Zotye’s net profit of first three quarters soars over tenfold year over year
Zotye’s net profit of first three quarters soars over tenfold year over year

the company’s revenue for this year was RMB 11.595 billion, surging 831.13 percent. The net profit for this period was RMB 0.48 billion, increasing almost tenfold over the same period of last year.

Oct. 27 , 2017