On December 8, Volkswagen Group saw the inauguration of a new R&D center at its facilities in Hefei, indicating that Anhui province is to advance into a new center of competence and e-mobility hub for the German auto giant in China.
Dec. 9 , 2020
XPeng Inc. (XPeng or the Company), a leading Chinese electric vehicle (EV) startup, announced on Dec. 7 that it plans to offer and sell 40 million American Depositary Shares (ADSs) to the public, which represent 80 million Class A ordinary shares.
Dec. 8 , 2020
HOZON Auto, a Zhejiang-based EV startup, announced on Dec. 2 it is about to successfully close its series C financing, which has raised 2 billion yuan ($305.106 million) from the lead investor, HD Capital.
Dec. 3 , 2020
China’s central government has issued a total of 37.585 billion yuan (about $5.716 billion) of subsidies in 2021 for energy-saving and emission reduction projects, according to the Ministry of Finance (MOF).
Nov. 30 , 2020
In October, consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for roughly 124,600 homegrown new energy passenger vehicles (NEPVs), representing a robust year-on-year surge of 153.01%.
Nov. 29 , 2020
Dongfeng Motor Group and State Grid forged strategic partnership on Nov. 26 with their subsidiaries signing a number of agreements related to the separation of vehicles and batteries, the demonstration of V2G technology.
Nov. 27 , 2020