EV
China to lower threshold of market access for NEV manufacturers
China to lower threshold of market access for NEV manufacturers

China’s is to ease the admission regulation over new energy vehicle (NEV) manufacturers and their product production to invigorate the market.

Apr. 7 , 2020
Shanghai streamlines procedures for NEV users getting license plates
Shanghai streamlines procedures for NEV users getting license plates

Shanghai has simplified the operational procedures for consumers to get their NEVs licensed, in a bid to help the industry weather the coronavirus-hit period and further popularize NEVs.

Apr. 3 , 2020
Chinese home appliance producer Midea said to tap NEV field
Chinese home appliance producer Midea said to tap NEV field

Chinese home appliance giant Midea Group will spend RMB740 million to control 23.73% of voting shares in Beijing-based variable frequency drive supplier Hiconics Eco-energy Technology (Hiconics).

Apr. 2 , 2020
Evergrande Health expected to record 2019 net loss of RMB3.2 bln in NEV business
Evergrande Health expected to record 2019 net loss of RMB3.2 bln in NEV business

On March 22, Evergrande Health, a listed subsidiary of Evergrande Group, warned of a year-on-year widened net loss in 2019 due to its investment in new energy vehicle (NEV) business.

Mar. 23 , 2020
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, on Mar. 18 announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Mar. 18 , 2020
SAIC’s RMB500 million worth of fuel cell project launched in Jiading
SAIC’s RMB500 million worth of fuel cell project launched in Jiading

Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT) launched on March 16 a new fuel cell project at Jiading District in Shanghai, which is expected to help SAIC Motor speed up the industrialization of fuel cell-related products.

Mar. 17 , 2020