Gasgoo.com (Shanghai October 8) - As Tesla is prepping up to enter the China market, Chinese new energy automobile manufacturers are also preparing for new competition. In a quote appearing in the Nanfang Metropolis Daily, BYD CEO Wang Chuanfu announced that his company "can build a Tesla a minute"; this eventually led to the launch of the BYD Qin hybrid and pure electric vehicles. Fellow Chinese manufacturer Geely has also announced that its future work will focus on new energy vehicles.
Oct. 14 , 2014Gasgoo.com (Shanghai October 3) - Ever since the State Council released its announcement on how to speed up development of new energy vehicles in the country, both national and regional departments have been working hard to implement policies favorable to the promotion of new energy vehicle sales. On this end, in the end of July, the National Development and Reform Commission announced that it would revise electricity prices for vehicle charging infrastructure. The next month, the Ministry of Finance announced that eligible new energy vehicles would soon be exempt from the Vehicle Purchase Tax; a list of these vehicles was released soon after by the Ministry of Industry and Information Technology.
Oct. 8 , 2014Gasgoo.com (Shanghai September 23) - As Infiniti nears domestic production, more details regarding its business model are being revealed. According a report appearing in the Beijing Morning Post, a direct joint venture will be formed between Dongfeng and Infiniti within the month. Much to the surprise of many in the industry, the partnership will completely cut out Dongfeng Nissan. How this will work given Chinese regulation that limit a foreign company to just two joint venture partnerships with Chinese companies remains to be seen.
Sep. 25 , 2014