EV
Geely's first pure electric crossover SUV exposed to have expected range of over 400km
Geely's first pure electric crossover SUV exposed to have expected range of over 400km

Geely exposed the pictures of its first electric crossover model, the Emgrand GSe in recent days. Based on the gasoline version of the Emgrand GS, the new model’s range is likely to exceed 400km.

May 16 , 2018
Tesla sets up wholly-owned subsidiary in Shanghai
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
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
Dearcc aims to deploy entire NEV industrial chain with RMB 2.5 billion
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 management fund scale of more than RMB 2.5 billion.

May 8 , 2018
Lifan plans to raise RMB 2.48 billion in NEV segment
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 of NEVs.

May 8 , 2018
BYD suffers YoY net profit nosedive of over 80% in Q1
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 7 , 2018