EV
CATL forecasts YoY jump of 133% in Q3 net profit excluding non-recurring items
CATL forecasts YoY jump of 133% in Q3 net profit excluding non-recurring items

CATL announced its profit forecast saying that excluding the non-recurring items, the company will see its net profits in the third quarter reach around RMB1.26 billion to RMB1.33 billion with year-on-year surge of 119.88% to 133.48%.

Oct. 15 , 2018
Changan invests RMB 4.79 billion to set up NEV production base in Jiangsu
Changan invests RMB 4.79 billion to set up NEV production base in Jiangsu

Changan Auto will set up a manufacturing base in the province to build new energy vehicles. The total annual capacity of the new base will be 240,000 units and the output of the first phase will be 120,000 per year.

Oct. 11 , 2018
Volkswagen first volume hybrid SUV for China to hit market in October
Volkswagen first volume hybrid SUV for China to hit market in October

SAIC Volkswagen’s Tiguan L PHEV (plug-in hybrid electric vehicle), the Volkswagen’s first volume HEV (hybrid electric vehicle) model in China, is expected to go on sale on October 19 after it was unveiled at Chengdu Motor Show 2018.

Oct. 10 , 2018
BAIC BJEV re-takes BEV championship in China with Jan-Aug sales surging 67% YoY
BAIC BJEV re-takes BEV championship in China with Jan-Aug sales surging 67% YoY

BAIC BJEV, the NEV subsidiary of BAIC Group, delivered a total of 70,188 vehicles from January to August with a year-on-year (YoY) surge of 67%, maintaining the championship by the Jan-Aug sales from the previous year.

Sep. 25 , 2018
BYD unveils China’s first modular electric bus in Germany
BYD unveils China’s first modular electric bus in Germany

Chinese automaker BYD premiered the first China-owned modular electric-powered bus model at the IAA Commercial Vehicles in Hanover, Germany, on September 19 local time.

Sep. 21 , 2018
Geely injects RMB 50 million to set up Wuhan-based new energy technology company
Geely injects RMB 50 million to set up Wuhan-based new energy technology company

Geely Group (New Biz) has contributed RMB 50 million to set up a new energy technology company in Wuhan, Hubei province through its subsidiary, according to local media.

Sep. 18 , 2018