Market & Industry
BAIC BJEV receives RMB1,155.37 million worth of state’s NEV settlement subsidy
BAIC BJEV receives RMB1,155.37 million worth of state’s NEV settlement subsidy

BAIC BJEV has received a fund worth RMB24.93 million from a Beijing authority as part of central government’s efforts to liquidate the NEV subsidy that should be allocated to automakers based on the EV number they submitted to government in 2016.

May 31 , 2019
BYD launches teaser photos of all-new BYD Qin
BYD launches teaser photos of all-new BYD Qin

Chinese automaker BYD has recently disclosed a set of teaser photos of the all-new BYD Qin sedan, which is said to sit below the Qin Pro. According to local media outlets, the all-new model is ready to hit the market in 2019.

May 31 , 2019
Geely unveils first hydrogen fuel cell bus F12
Geely unveils first hydrogen fuel cell bus F12

Geely New Energy Commercial Vehicle Group (GVC) on May 29 launched two new zero-emission bus models in Beijing—the F12 hydrogen fuel cell bus and the C11 all-electric intercity bus.

May 30 , 2019
Volkswagen, SEAT, JAC Motors further confirm SEAT’s market entry into China
Volkswagen, SEAT, JAC Motors further confirm SEAT’s market entry into China

JAC Motors, Volkswagen Group China and SEAT on May 27 signed an agreement which further confirms the Spanish brand’s aim to enter the Chinese market in the coming two to three years.

May 29 , 2019
NIO reports RMB1,631.2 million in Q1 revenues
NIO reports RMB1,631.2 million in Q1 revenues

The startup said its Q1 revenues for 2019 reached RMB1,631.2 million (US$243.1 million) and quarterly deliveries of the ES8 totaled 3,989 units.

May 28 , 2019