On Apr. 8, in the presence of both Chinese and Austrian governmental leaders, BAIC Group and Magna signed a strategic cooperation agreement, saying both parties will make a commitment to developing new-gen intelligent pure electric vehicle models.
Apr. 9 , 2018
On Apr. 8, Ruichi Intelligent, which is reportedly regarded as Faraday Future's affiliated company, gained an area of land at Wanqingsha Bonded Port Area, Nansha District, Guangzhou with an auctioned price of RMB 364.1 million.
Apr. 9 , 2018
Recently, Guizhou Geely NEV Co. Ltd. (Guizhou Geely NEV), located in Guanshanhu Area, Guiyang, Guizhou province, started the trial operation of its production line.
Apr. 9 , 2018
The dual-credit policy for passenger vehicle companies went into force on Apr. 1. The scheme targets automakers who produce more than 30,000 vehicles annually.
Apr. 3 , 2018
Youxia Motors announced the completion of RMB 5 billion B-round funding on Mar. 31, which was jointly invested by 12 venture capital institutions, including Qianhai Mergers and Acquisition Funds, SINOEP and China Fortune Ocean.
Apr. 3 , 2018
Geely will make further deployment in NEV field and shape a product lineup with almost 40 NEV models by 2020. It will release 3 NEV models in 2018.
Apr. 2 , 2018