EV
HOZON Auto announces price rise due to raw materials price growth, supply crunch
HOZON Auto announces price rise due to raw materials price growth, supply crunch

HOZON Auto announced on March 18 it has lifted prices of several models by 3,000 yuan ($470) to 5,000 yuan ($790) due to multiple factors like the increase in prices of raw materials and supply constraints.

Mar. 18 , 2022
GAC AION bags 2.566 billion yuan in capital increase, to begin A funding round
GAC AION bags 2.566 billion yuan in capital increase, to begin A funding round

GAC AION, the new energy vehicle (NEV)-dedicated arm of GAC Group, has already completed a new round of capital increase with a total of 2.566 billion yuan ($403.51 million) raised, the NEV maker announced on March 17.

Mar. 17 , 2022
XPeng leads $200 mln round in smart EV-focused fund Rockets Capital
XPeng leads $200 mln round in smart EV-focused fund Rockets Capital

Rockets Capital, a China-based private equity firm focusing on investments in the smart energy vehicle (EV) supply chain, announced on March 17 it has closed its first round of over $200 million in capital commitments, which was led by XPeng.

Mar. 17 , 2022
China’s Hainan expects EV charging piles to cover all cities, counties, towns in 2022
China’s Hainan expects EV charging piles to cover all cities, counties, towns in 2022

EV charging piles are expected to fully cover all cities, counties, and towns in the southern Chinese island province of Hainan by the end of 2022, according to a document recently issued by the Hainan Provincial Development and Reform Commission.

Mar. 15 , 2022
Tesla launches second price rise for China-made models within 1 week
Tesla launches second price rise for China-made models within 1 week

Tesla bumped up prices of some versions of the China-made Model 3 and Model Y by 18,000 yuan ($2,830) to 20,000 yuan ($3,145), according to the information updated on March 15 on Tesla China's website.

Mar. 15 , 2022
Evergrande Auto green lighted to sell Hengchi 5
Evergrande Auto green lighted to sell Hengchi 5

Evergrande Auto, the EV unit of Chinese property developer Evergrande Group, has been permitted to sell the Hengchi 5, as the BEV model was listed in the newest Announcement on On-road Vehicle Manufacturers and Products issued by China's MIIT.

Mar. 14 , 2022