EV
China extends NEV subsidies to 2022 with slower phase-out pace
China extends NEV subsidies to 2022 with slower phase-out pace

China will extend subsidies for NEV purchases to 2020, which were supposed to be stopped by the end of this year.

Apr. 23 , 2020
Gotion High-Tech denies rumor of introducing Volkswagen as biggest shareholder
Gotion High-Tech denies rumor of introducing Volkswagen as biggest shareholder

Gotion High-Tech, China’s No.3 battery maker, once again clarified the rumor saying the German automobile giant Volkswagen Group is set to become one of its main shareholders.

Apr. 23 , 2020
China announces purchase tax exemption for NEVs bought from 2021 to 2022
China announces purchase tax exemption for NEVs bought from 2021 to 2022

China has decided to exempt the vehicle purchase tax on new energy vehicles (NEVs) purchased from Jan. 1, 2021 to Dec. 31, 2022.

Apr. 22 , 2020
All-new NIO ES8 SUV rolls off the production line, delivery to begin on April 19
All-new NIO ES8 SUV rolls off the production line, delivery to begin on April 19

On April 15, the mass-produced vehicle of NIO’s all-new ES8 flagship electric SUV formally rolled off the production line at the JAC-NIO Advanced Manufacturing Center in Hefei, according to a post on NIO’s WeChat account.

Apr. 16 , 2020
Geely-backed affordable NEV brand Maple starts presale of first model Maple 30x
Geely-backed affordable NEV brand Maple starts presale of first model Maple 30x

Maple, a NEV brand backed by Geely Technology Group, was formally launched on April 10 with the presale of its first model, the Maple 30x, kicking off at the same time.

Apr. 13 , 2020
GAC NIO's HYCAN 007 hits the market with post-subsidy price starting at RMB262,600
GAC NIO's HYCAN 007 hits the market with post-subsidy price starting at RMB262,600

HYCAN 007 went on sales on April 10 with post-subisdy starting price of RMB262,600.

Apr. 10 , 2020