EV
BAIC BJEV completes 54.45% of annual sales target from Jan. to Sept.
BAIC BJEV completes 54.45% of annual sales target from Jan. to Sept.

BAIC BJEV delivered 11,560 vehicles in September, achieving a year-on-year jump of 35.22%. For the first nine months, the subsidiary saw its year-to-date sales surged 61.40% from a year ago to 81,678 units, completing 54.45% of sales target.

Oct. 19 , 2018
BAIC BJEV announces mid-long term technology development planning
BAIC BJEV announces mid-long term technology development planning

On October 18, BAIC BJEV, the EV unit of the state-owned BAIC Group, announced its 2025 mid-long term technology development planning and also elaborated on its artificial intelligence auto system, the Darwin System.

Oct. 18 , 2018
China announces plans for Hainan free trade zone, to remove caps on NEV foreigner ownership
China announces plans for Hainan free trade zone, to remove caps on NEV foreigner ownership

On October 16, China revealed the plans on turning the southern island province of Hainan into a free trade zone (FTZ), clearly saying that the caps on foreign ownership in the NEV (new energy vehicle) sector will be removed in the future.

Oct. 18 , 2018
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