EV
NIO shares close at $6.60 after market debut
NIO shares close at $6.60 after market debut

On September 12, Chinese electric vehicle startup NIO went public on the New York stock exchange, the first Chinese electric vehicle startup listed in the U.S. NIO priced its shares at $6.26 in the initial public offering.

Sep. 12 , 2018
China new energy passenger vehicle YTD sales exceed 500,000 units
China new energy passenger vehicle YTD sales exceed 500,000 units

China new energy passenger vehicle grew 60% year on year to 84,226 units in August, according to data from the China Passenger Car Association (CPCA).

Sep. 12 , 2018
BYD invests RMB 12 bln in Xi’an power battery base with annual capacity of 30GWh
BYD invests RMB 12 bln in Xi’an power battery base with annual capacity of 30GWh

BYD’s new power battery program with an annual capacity of 30GWh formally settled in Xi'an Hi-tech Industries Development Zone on September 9. Meanwhile, BYD’s monorail demonstration line program officially started construction in this city.

Sep. 11 , 2018
Leapmotor signs strategic cooperation agreement with EV Power
Leapmotor signs strategic cooperation agreement with EV Power

Leapmotor recently signed a strategic cooperation agreement with EV Power, a new energy vehicle (NEV) battery charging station operator.

Sep. 7 , 2018
MIIT to remove 272 NEVs from purchase tax exemption catalogue
MIIT to remove 272 NEVs from purchase tax exemption catalogue

The Ministry of Industry and Information Technology released a notice on revoking the catalogue of NEVs with purchase tax exemption on Sept. 4.

Sep. 6 , 2018
Geely, Toyota team up to research, develop hybrid electric vehicle
Geely, Toyota team up to research, develop hybrid electric vehicle

Toyota is cooperating with China’s largest privately-owned automaker Geely to popularize hybrid power technology, through Corun, Toyota’s largest Chinese core parts supplier of hybrid power.

Sep. 6 , 2018