EV
CATL to pour 14 billion yuan in new energy battery production base in Luoyang
CATL to pour 14 billion yuan in new energy battery production base in Luoyang

Chinese battery giant CATL announced on September 28 the decision to build a new energy battery manufacturing base in Luoyang, Henan Province with an investment amount of no more than 14 billion yuan ($1.94 billion).

Sep. 28 , 2022
SAIC Motor’s Rising Auto sees R7 flagship SUV hit market
SAIC Motor’s Rising Auto sees R7 flagship SUV hit market

Rising Auto, the premium electric vehicle (EV) brand of SAIC Motor, officially put its first flagship model, the R7, onto the market. The new model is expected for delivery this year.

Sep. 28 , 2022
Dongfeng Nissan ARIYA hits market, starting at 272,800 yuan
Dongfeng Nissan ARIYA hits market, starting at 272,800 yuan

Dongfeng Nissan officially put the first NISSAN NEXT global strategy battery-electric model, the ARIYA, onto the Chinese market on September 27.

Sep. 28 , 2022
China’s Kaixin Auto to buy out manufacturer of POCCO electric vehicles
China’s Kaixin Auto to buy out manufacturer of POCCO electric vehicles

The Nasdaq-listed Chinese car dealer Kaixin Auto Holdings announced on Sept. 26 that it has inked a binding acquisition term sheet with Wuxi Morning Star Technology Co., Ltd.

Sep. 27 , 2022
Toyota Motor to launch 111 MIRAI FCVs into China pilot operation
Toyota Motor to launch 111 MIRAI FCVs into China pilot operation

Toyota Motor plans to roll out over 100 fuel cell vehicles (FCV) at one go to boost its FCV deployment in China.

Sep. 26 , 2022
China extends NEV purchase tax exemption to end of 2023
China extends NEV purchase tax exemption to end of 2023

China has extended the exemption of purchase taxes on NEVs by another year to the end of 2023, as part of measures to boost auto sales and the NEV industry development, according to a notice today jointly issued by China's MIIT.

Sep. 26 , 2022