2018 is a key year for Geely to transform its development mode from a rapid one into a high-quality one, and this year Geely will transform from a traditional automaker into an internet-based and new energy company.

ICONIQ Motors, a Chinese electric vehicle startup, signed an agreement with Zhaoqing New Area on Mar. 14 about investing and building a manufacturing base in Zhaoqing, Guangdong Province.

According to a questionnaire survey on satisfaction of electric cars, more than half consumers were satisfied with their EVs and are willing to buy an EV model with a price range between RMB 100,000 and RMB 300,000.