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CATL’s 2018 annual report shows 48.08% jump in revenue while net profit drops 12.66%
CATL’s 2018 annual report shows 48.08% jump in revenue while net profit drops 12.66%

CATL released on April 25 its official annual report for 2018, saying its full-year revenue surged 48.08% year on year to RMB29.611 billion, while the net profit attributable to shareholders of the listed company shrank 12.66% year on year.

Apr. 25 , 2019
BYD reports an EV fire incident while battery pack remains intact
BYD reports an EV fire incident while battery pack remains intact

Recent car fire incidents are landing electric vehicles in hot water. After Tesla and NIO’s vehicles caught fire in succession this week, BYD, a major NEV maker in China, reported another burning accident on April 24.

Apr. 25 , 2019
Changan New Energy to launch three NEV platforms by 2020
Changan New Energy to launch three NEV platforms by 2020

Chongqing Changan New Energy Automobile Co., Ltd. (Changan New Energy) plans to build three NEV platforms by 2020, which are internally code-named EPA0, EPA1 and EPA2, according to local media outlets.

Apr. 25 , 2019
Lifan Group to manufacture hydrogen fuel cell engines for Wuhan Tiger FCV
Lifan Group to manufacture hydrogen fuel cell engines for Wuhan Tiger FCV

Lifan Group has become a contract manufacturer for Wuhan Tiger FCV, a China-based fuel cell power system developer, according to an announcement in response to an inquiry letter issued by the Shanghai Stock Exchange.

Apr. 24 , 2019
EV startup Enovate, auto electronics provider Desay SV team up on in-car connectivity tech
EV startup Enovate, auto electronics provider Desay SV team up on in-car connectivity tech

China’s EV startup Enovate and the automotive electronics provider Desay SV Automotive (Desay SV) forged a long-term strategic partnership on April 22 to jointly develop in-car intelligent connectivity technologies.

Apr. 24 , 2019
BYD E-SEED GT roadster concept makes world’s debut at Auto Shanghai 2019
BYD E-SEED GT roadster concept makes world’s debut at Auto Shanghai 2019

BYD brought the E-SEED GT Concept to the stage of the Auto Shanghai 2019. Reportedly, the new vehicle is expected to hit the market in 2020.

Apr. 24 , 2019