EV
MIIT:30 automakers fail to make NEVs for 12 months or more
MIIT:30 automakers fail to make NEVs for 12 months or more

The equipment industry development center of the Ministry of the Industry and Information Technology recently released the notice on the publicity of several new energy vehicle (NEV) makers on Sept. 3.

Sep. 4 , 2018
SAIC-GM, CATL sign strategic cooperation agreement to research, develop NEV batteries
SAIC-GM, CATL sign strategic cooperation agreement to research, develop NEV batteries

SAIC-GM and China’s EV battery giant CATL signed a strategic cooperation agreement in Shanghai, saying that both parties will join forces to seek in-depth exploration in battery technology field.

Sep. 4 , 2018
GAC Group to launch one pure electric vehicle per half year from 2019
GAC Group to launch one pure electric vehicle per half year from 2019

GAC Group will launch one new pure electric vehicle every half year from 2019. Moreover, new energy vehicle products will take up 10% of GAC Group’s annual vehicle output and sales by 2020

Sep. 4 , 2018
BYD suffers YoY net profit plunge of 72.19% in H1
BYD suffers YoY net profit plunge of 72.19% in H1

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
CHJ Automotive to invest RMB 11 billion to build manufacturing base in Chongqing
CHJ Automotive to invest RMB 11 billion to build manufacturing base in Chongqing

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
Changan transfers NEV business, assets to wholly-owned subsidiary
Changan transfers NEV business, assets to wholly-owned subsidiary

In order to boost the development of NEV business, Changan Automobile announced on Aug. 28 that it plans to reorganize internal assets and transfer part of NEV-related assets, business and staff members to its wholly-owned subsidiary.

Aug. 29 , 2018