EV
Yogomo changes name as Link Tour to target new energy PVs
Yogomo changes name as Link Tour to target new energy PVs

Hebei Yogomo Vehicle Co., Ltd. (Yogomo) plans to change its name as Link Tour Automobile Co., Ltd., according to the official website of the Ministry of Industry and Information Technology.

Jul. 23 , 2018
Beijing adjusts NEV subsidies
Beijing adjusts NEV subsidies

The Beijing Finance Bureau announced that Beijing will adjust the municipal subsidies of new energy vehicles (NEV), saying that both the central government and local subsidies will be no more than 60% of car price.

Jul. 20 , 2018
Another seven NIO Houses to open by end of September
Another seven NIO Houses to open by end of September

It is revealed that NIO will open seven new NIO Houses by the end of September. Specifically, the NIO House in Xihu, Hangzhou, Shanghai center and Shenzhen, Guangzhou Province will be opened on July 21, July 28 and Aug. 5.

Jul. 20 , 2018
Installed capacity of power battery reaches 2.87GWh in June
Installed capacity of power battery reaches 2.87GWh in June

China’s installed capacity of power battery for new energy vehicles (NEV) reached 2.87GWh in June, leaping 33.58% year on year while sliding 36.57% month on month.

Jul. 17 , 2018
CATL gains RMB 2.8525 billion prepayment for battery products from BMW Brilliance
CATL gains RMB 2.8525 billion prepayment for battery products from BMW Brilliance

On July 17, CATL announced that considering the long-term strategic partnership between CATL and BMW Brilliance, CATL signed a strategic cooperation agreement with BMW Brilliance and will further deepen cooperation with the joint venture.

Jul. 17 , 2018
BAIC Group reports profits growth of 17% year on year in H1
BAIC Group reports profits growth of 17% year on year in H1

BAIC Group reported a 9.5% revenue growth and a 17% profit increase in the first half of this year. Moreover, it delivered 1,203,000 vehicles in the first half with an increase of 7.6% from the previous year.

Jul. 16 , 2018