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China continues NEV subsidies, car purchase tax exemption to spur car demands: MIIT’s minister
China continues NEV subsidies, car purchase tax exemption to spur car demands: MIIT’s minister

China will adopt multiple measures to further spur automobile demands, the minister of China's MIIT said on Feb. 28.

Feb. 28 , 2022
Farasis Energy says revenue in 2021 surges YoY, but net loss widened
Farasis Energy says revenue in 2021 surges YoY, but net loss widened

Chinese power battery maker Farasis Energy (Ganzhou) Co., Ltd. (“Farasis Energy”) announced today its full-year revenue in 2021 surged 203.97% year on year to around 3.403 billion yuan ($538.71 million).

Feb. 28 , 2022
NIO-backed autonomous driving truck developer Inceptio Technology completes B+ round
NIO-backed autonomous driving truck developer Inceptio Technology completes B+ round

On February 28th, China’s commercial vehicle autonomous driving developer, Inceptio Technology, announced the completion of its B+ equity financing round, raising $188 million.

Feb. 28 , 2022
Tesla tops Chinese NEV startups by vehicle registrations in Jan. 2022
Tesla tops Chinese NEV startups by vehicle registrations in Jan. 2022

Last month, the seven key startups (including Tesla) all faced a month-on-month decrease.

Feb. 27 , 2022
China’s locally-made PV retail sales anticipated to grow 11.2% YoY in Feb. 2022: CPCA
China’s locally-made PV retail sales anticipated to grow 11.2% YoY in Feb. 2022: CPCA

China's retail sales of locally-produced passenger vehicles (merely including cars, SUV, and MPVs) are anticipated to reach 1.3 million units in Feb. 2022, growing 11.2% year on year, according to the China Passenger Car Association (CPCA).

Feb. 25 , 2022
BMW Brilliance appoints Dr. Franz Decker as new CEO
BMW Brilliance appoints Dr. Franz Decker as new CEO

On February 25th, the board of BMW Brilliance announced that starting April 1st, 2022, Dr. Franz Decker, senior vice president of technology & manufacturing, will assume the position of president and CEO of BMW Brilliance after Dr. Johann Wieland.

Feb. 25 , 2022