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2018 NEV promotion policy is under preparation
2018 NEV promotion policy is under preparation

Some relevant governmental ministries now are making preparations to formulate relevant policies to boost the development of NEVs for 2018.

Dec. 28 , 2017
500,000 cars: Trumpchi marches to new sales record 2017
500,000 cars: Trumpchi marches to new sales record 2017

According to statistics, the cumulative vehicle sales of Trumpchi of GAC Motor (Trumpchi) exceeded 460 thousand units with a year-on-year growth of 38.9%. The overall annual sales of Trumpchi in 2017 are expected to reach 500 thousand units.

Dec. 28 , 2017
Beijing popularizes NEVs with various measures
Beijing popularizes NEVs with various measures

From now on, Beijing will expand the application scale of NEVs and will boost the application of NEVs in 2022 Winter Olympics and the 2022 Winter Paralympics, according to Xu Qiang, Director of Beijing Municipal Science & Technology Commission.

Dec. 28 , 2017
BYD JV's lithium battery program investment totals RMB 4.85 billion
BYD JV's lithium battery program investment totals RMB 4.85 billion

The registered capital of the JV totaled RMB 500 million, among which BYD has 49 percent stake, Qinghai Salt Lake 49.5 and the rest belongs to the investment firm.

Dec. 28 , 2017
All-new Camry prices: RMB 179,800 to 279,800
All-new Camry prices: RMB 179,800 to 279,800

It is reported that the order quantity of the 8th generation Camry, TNGA’s first strategic sedan in China, almost reached 30,000 units only one month after it went public on China’s auto market in November 16.

Dec. 27 , 2017
GAC Toyota to put third vehicle plant into production in Jan 2018
GAC Toyota to put third vehicle plant into production in Jan 2018

According Guangzhou Automobile Group Co., Ltd. (GAC), the vehicle plant of GAC Toyota Motor Co., Ltd (GAC Toyota) has already initiated the trial production and plans to put it into production in January 2018.

Dec. 27 , 2017