EV
WM raises RMB 12 billion funding, led by Baidu Capital
WM raises RMB 12 billion funding, led by Baidu Capital

WM Motor, one of China's electric car startups, announced on Dec. 5 that it had finished a new round of financing. Led by Baidu Capital, the financing is also funded by Baidu Group and other organizations.

Dec. 6 , 2017
BYD power battery production to reach 16 GWh this year
BYD power battery production to reach 16 GWh this year

BYD total power battery production capacity will reach 16 gigawatt-hours (GWh) by the end of this year. Its lithium-iron phosphate (LFP) battery production will be up to 10 GWh while the rest is NMC/NCA battery.

Dec. 6 , 2017
Lanzhou Zhidou BEV models approved by MIIT
Lanzhou Zhidou BEV models approved by MIIT

Ministry of Industry and Information Technology (MIIT) released Catalogue of Recommended Vehicle Models for the Promotion and Application of New Energy Vehicles, which listed 165 vehicle types from 79 auto companies.

Dec. 5 , 2017
Lifan eyes to launch new energy products in Uruguay
Lifan eyes to launch new energy products in Uruguay

China’s automaker Lifan expressed its interest in producing new energy products in Uruguay at the 11th China-Latin America and the Caribbean (China-LAC) Business Summit.

Dec. 4 , 2017
Xpeng first mass-produced model driven on road with plate
Xpeng first mass-produced model driven on road with plate

On Dec. 3, He Xiaopeng, President of Xiaopeng Motor, drove the first Xiaopeng model with Beijing license plate on roads and use the function of automatic parking.

Dec. 4 , 2017
Changan Automobile raises funds up to RMB 100 billion to support Shangri-La plan
Changan Automobile raises funds up to RMB 100 billion to support Shangri-La plan

On Nov. 29, Changan Automobile announced that it signed a strategic cooperation agreement with Ping An Bank and China Mingsheng Bank in Chongqing on Nov. 28.

Dec. 1 , 2017