BYD in China supplied 20 K7 electric buses to China Chengde Buses Group, the first order it fulfilled, on April 18, since which alternative energy buses have been officially brought to market.
Apr. 22 , 2016Recently, most car-sharing platforms have quietly lowered their subsidies for the drivers of their online car-hailing services. Some experts saw this reduction of subsidies as a pressure test for the online car-hailing services, which have long been supported and promoted by large subsidies driven by the need to compete for market shares, and an opportunity to establish a new balance between the online car-sharing platforms and drivers.
Apr. 22 , 2016According to data from CPCA, 60,000 units index of electric vehicles in Beijing accounts for 54% of the national 110,000 units.
Apr. 19 , 2016Data from China Automotive Technology and Research Center, short for CATARC, showed that retailing sales of vehicles in Chinese automotive market totaled 6.063 million units in the first quarter of 2016, a yearly rise of 6.7%. Among them, retailing sales of passenger vehicles reached 5.380 million units with a yearly rise of 5.2% while that of Multiple Purpose Vehicles stood at 683 thousand units with a yearly rise of 19.5%.
Apr. 19 , 2016ATHM.NYSE，a listed Internet company in China releasing automotive sources, announced that China Boyu Capital, Hillhouse Capital, Sequoia China as well as executive members of ATHM.NYSE offered to privatize ATHM.NYSE by buying itsAmerican Depositary Sharesat the price of US dollar 31.50 each in the afternoon of April 16.
Apr. 18 , 2016