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NIO ES8 will be launched on December 16th
NIO ES8 will be launched on December 16th

NIO, a Chinese electric car start-up, announced that its seven-seater SUV model ES8 will be launched on December 16th, which is set as NIO Day.

Oct. 24 , 2017
Shu Youxing takes over BYD Automotive Intelligent Ecological Research Institute
Shu Youxing takes over BYD Automotive Intelligent Ecological Research Institute

Shu Youxing, the General Manager of BYD Auto sales Co. recently was appointed as the first president of its Automotive Intelligent Ecological Research Institute, and Zhao Changjiang will replace Shu Youxing to take over BYD car sales.

Oct. 24 , 2017
Former Baidu driverless vehicle project director’s startup cooperates with Navinfo in automatic driving services
Former Baidu driverless vehicle project director’s startup cooperates with Navinfo in automatic driving services

Recently, HoloMatic and Navinfo announced their strategic cooperation relationship. Ni Kai, founder of HoloMatic, Cheng Peng, CEO of NAVINFO, and other leaders from both sides attended the signing ceremony.

Oct. 23 , 2017
Hybrid Kinetic Group said to buy Chery’s 87.5% stake with RMB 12 billion
Hybrid Kinetic Group said to buy Chery’s 87.5% stake with RMB 12 billion

It is reported that certain industry insider said that Hybrid Kinetic Group will invest RMB 12 billion to buy 87.5 percent stake of Chery, which has been repeatedly reported being sold in the past two months.

Oct. 23 , 2017
China considers allowing foreign automakers to set up wholly owned EV businesses in free-trade zones
China considers allowing foreign automakers to set up wholly owned EV businesses in free-trade zones

In recent days, China was said to ease restrictions on foreign investment in such sectors as finance and NEVs, and continue to simplify the management procedures for foreign investment。

Oct. 20 , 2017
Minister of MIIT: NEV production and sales this year are expected to grow 30%
Minister of MIIT: NEV production and sales this year are expected to grow 30%

New energy vehicle sales have been recovering by the third quarter, with the total sales volume growing 30% year-on-year. Currently, the monthly production and sales volumes are nearly 80,000 units

Oct. 20 , 2017