EV
EVE Energy earns net profit of over RMB 400 million in 2017
EVE Energy earns net profit of over RMB 400 million in 2017

EVE Energy achieved a revenue growth of 27.46% year on year to RMB 2.982 billion in 2017, according to EVE’s 2017 financial report released on Feb. 27.

Feb. 28 , 2018
BAIC BJEV sets up new company to expand production of electric powertrains
BAIC BJEV sets up new company to expand production of electric powertrains

BIAC BJEV plans to establish a subsidiary dubbed Blue Valley Power Company at its existing production base in Caiyu, Beijing, according to Beijing Municipal Environmental Protection Bureau.

Feb. 28 , 2018
Nio reported to hire banks for IPO in U.S.
Nio reported to hire banks for IPO in U.S.

Nio, a Chinese electric vehicle startup, has hired eight banks to work on its initial public offering in the United States this year as planned.

Feb. 28 , 2018
FF 91 said to be priced at RMB 2 million in China
FF 91 said to be priced at RMB 2 million in China

FF 91 may be priced at about RMB 2 million for China consumers and the company will start to deliver vehicles at the end of this year. The company has already begun the presale on its website and the down payment is RMB 50,000.

Feb. 26 , 2018
China issues provisional regulations for recycling of NEV power battery
China issues provisional regulations for recycling of NEV power battery

The vehicle manufacturer should build the recycling channels for NEV power battery and take charge of the waste battery used in vehicles. The government encourages that relevant enterprises can work together to build and share the recycling channels.

Feb. 26 , 2018
China to set up recycling system for NEV power battery in 2018
China to set up recycling system for NEV power battery in 2018

MIIT issued a notice, which outlines key work points for the industrial energy saving and comprehensive utilization in 2018. The following are the key points for new energy vehicle segment.

Feb. 24 , 2018