MIIT will focus on the implementation of dual-credit policy, completion of NEV subsidy policy system, conduction of demonstration operation for fuel cell vehicles and the enhancement of NEV safety management.
Sep. 3 , 2018
BYD’s revenue advanced 20.23% over the previous year to RMB 54.151 billion during the first half of 2018. The net profit of BYD plunged 72.19% from a year ago to RMB 479.1 million, according to BYD’s interim financial report released on Aug. 29.
Aug. 30 , 2018
Chinese EV startup CHJ Automotive recently signed an agreement with Chongqing Liangjiang New Area, saying that the start-up will invest RMB 10 billion to build an intelligent automobile manufacturing base in Chongqing.
Aug. 29 , 2018
Chongqing Sokon Industry Group Stock Co., Ltd (Sokon) announced on Aug. 21 that the board of directors approved the proposal on adopting equity incentive for senior executives in its subsidiary, Jinkang New Energy Automotive Co., Ltd.
Aug. 23 , 2018
On Aug. 21, Chinese EV startup NIO reportedly had suffered substantial valuation shrink, which only ranged between $8 billion and $10 billion, $ 27 to 29 billion less than the previous valuation of $ 37 billion.
Aug. 23 , 2018
On Aug. 22, Youxia Motors announced the completion of $ 350 million series B+ funding round, which was totally invested by Gezhi Capital. In the meantime, Gezhi Capital also became the second largest shareholder of Youxia Motors.
Aug. 22 , 2018