EV
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
BYD sees 20% net profit drop in 2017
BYD sees 20% net profit drop in 2017

BYD released its 2017 financial results on Feb. 26, showing that the carmaker posted a YoY revenue growth of 2.34% to RMB 105.89 billion in 2017. However, the net profit attributable to the shareholders of listed companies reached RMB 4.06 billion, f

Feb. 27 , 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
Dongfeng Peugeot Citroen to release new self-owned models
Dongfeng Peugeot Citroen to release new self-owned models

Dongfeng Peugeot Citroen Automobile Company LTD (DPCA) will set up a self-owned JV brand dubbed Fukang New Generation, according to Su Weibin, general manager of the company.

Feb. 24 , 2018