Wkzuche, a full-time B2P car rental platform in China, has announced that it has acquired tens of million yuan in Series A round of financing led by BOJIANG CAPITAL, and jointly followed by Zhen Fund, King Fund, Buttonwood Fund, and private investor Zhou Weihong, in this May, with an aim to become the leading company in the industry of road trips.

ZhongShan, a southern city in China, has released a draft version of the Outlet of the development and deployment of alternative energy vehicles in ZhongShan (herein after referred as the Draft) on the official website of Zhongshan Development & Reform Bureau on June 14th. According to the Draft, ZhongShan will grant 1.1 billion yuan over the next five years to equip the city with adequate charging facilities, and boost the number of alternative energy vehicles to 9,500 units and the number of charging piles to 10,000 units by 2020.

China’s government may no more implement policy of decreasing tax on purchasing vehicles with displacement of 1.6L or less since December 31 in 2016. However, China Association of Cars Manufacturers is planning to apply for extending implement period.