Market & Industry
Geely New Energy, State Grid EV Service team up to promote NEV development
Geely New Energy, State Grid EV Service team up to promote NEV development

Geely New Energy and State Grid Electric Vehicle Service Co., Ltd (State Grid EV) signed a cooperation agreement in Beijing on August 4 to jointly promote the new energy vehicle (NEV) development in China, according to local media.

Aug. 10 , 2018
China announces additional 25% tariff on $16 billion worth of U.S. goods
China announces additional 25% tariff on $16 billion worth of U.S. goods

The Chinese government said on August 8 that it will impose additional 25% import tariffs on $ 16 billion worth of U.S.-made goods to retaliate for the Trump administration’s latest import duties levied on an equivalent value of China-made goods.

Aug. 9 , 2018
DFL launches Green Program 2022, to roll out 20 NEV models
DFL launches Green Program 2022, to roll out 20 NEV models

Dongfeng Motor Company Limited (DFL) launched the “DFL Green Program 2022” at its 15th anniversary on August 8 that elucidates the company’s initiative and framework in vehicle electrification, energy conservation and emission reduction.

Aug. 9 , 2018
Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July
Great Wall Motor suffers YoY sales skid of 21.33% to 54,334 units in July

Great Wall Motor (GWM) delivered 54,334 vehicles in July, sliding 21.33% over the previous year. During the past seven months, GWM’s cumulative sales reached 525,849 units, edging down 0.75% from a year ago.

Aug. 8 , 2018
FAW Group, BOE build partnership to develop vehicle display technology
FAW Group, BOE build partnership to develop vehicle display technology

Chinese state-owned automaker FAW Group and Boe Technology Group Co., Ltd (BOE) agreed a strategic partnership in recent days to jointly work on in-vehicle display technologies, according to local media.

Aug. 8 , 2018
Chinese EV startup NIO to file prospectus in September for U.S. IPO: sources
Chinese EV startup NIO to file prospectus in September for U.S. IPO: sources

Chinese EV startup NIO will file the Form S-1 in September as part of the preparation for its IPO in the U.S. stock market, according to people with knowledge of the matter.

Aug. 8 , 2018