- Tesla sets up wholly-owned subsidiary in Shanghai
Tesla Motor Shanghai Limited gained the operating license approved by the Market Supervision Administration of Shanghai Pudong New Area on May 10.
May 14 , 2018
- Borgward’s first pure electric SUV hits market
Offering two variants, the Borgward BXi7 hit the market on May 9. The prices of the two variants are RMB 358,800 and RMB 378,800 respectively, which are RMB 285,000 and RMB 305,000 after the subsidies...
May 10 , 2018
- Borgward sets up NEV marketing department, appoints You Jia as sales director
Borgward announced the establishment of a NEV marketing department of its sales company on May 8, together with the appointment of You Jia and Fan Jun.
May 10 , 2018
- Sales of new energy PV soar 150% year on year in April
In April, sales of new energy passenger vehicle (PV) reached 73,145 units with a YoY surge of 150% and a MoM sales growth of 31.3%, according to the data released by the China Passenger Car Associatio...
May 10 , 2018
- BYD’s new energy passenger vehicle sales soar 117% year on year in April
BYD delivered 37,363 vehicles in April with a MoM slide of 13.4% in April, according to BYD’s April report released on May 9. However, its cumulative sales reached 149,140 units till April.
May 09 , 2018
- Dearcc aims to deploy entire NEV industrial chain with RMB 2.5 billion
Dearcc and Uni-Power Group, one of China’s class-leading science & technology finance company, recently signed an agreement on establishing a new energy industrial development fund, which has a mana...
May 08 , 2018
- Lifan plans to raise RMB 2.48 billion in NEV segment
On May 6, Lifan Motors revealed its plan to issue no more than 261 million non-public stock shares to less than ten specified investors, aiming to raise a total of RMB 2.48 billion for the development...
May 08 , 2018
- BYD suffers YoY net profit nosedive of over 80% in Q1
BYD reported revenue of RMB 24.738 billion with a year-on-year growth of 17.54%. However, its net profit nosedived 83.09% from a year earlier to RMB 102 million.
May 07 , 2018
