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Gotion High-Tech to start building ternary cathode material base for Volkswagen
Gotion High-Tech to start building ternary cathode material base for Volkswagen

Hefei Guoxuan Battery Material Co.,Ltd. inked an agreement on July 16 with Hefei Lujiang Hi-tech Industrial Development Zone Management Committee to initiate the project of high-nickel ternary cathode material with an annual capacity of 30,000 tons.

Jul. 17 , 2020
China wishes to spur NEV sales by stimulating demands of rural areas
China wishes to spur NEV sales by stimulating demands of rural areas

Chinese authorities plan to hold activities in the second half of the year for bringing new energy vehicles (NEVs) to the countryside so as to spur the NEV sales that have been mired by prolonged downturn.

Jul. 16 , 2020
Hongqi’s S9 supercar to be priced at over 10 mln yuan
Hongqi’s S9 supercar to be priced at over 10 mln yuan

Hongqi, the premium auto brand of FAW Group, will launch its first supercar model, the Hongqi S9, at the end of 2020, which is expected to be priced at over 10 million yuan ($1,429,000), according to Wang Guoqiang, vice president of FAW Group.

Jul. 16 , 2020
China’s Evergrande sets up two NEV subsidiaries in early July
China’s Evergrande sets up two NEV subsidiaries in early July

Real estate conglomerate China Evergrande Group established on July 10 a Guangdong-based subsidiary whose one of major businesses is the R&D of NEV-related technologies, according to the enterprise information query platform Tianyancha.

Jul. 15 , 2020
Changan expected to see turnaround net profit of 2 bln to 3 bln yuan in first-half of 2020
Changan expected to see turnaround net profit of 2 bln to 3 bln yuan in first-half of 2020

Chongqing Changan Automobile Co., Ltd said its net profit attributable to shareholders for the first half of 2020 was expected to stand between 2 billion yuan and 3 billion yuan, versus the loss of 2,240,040,000 yuan.

Jul. 15 , 2020
China’s automobile population amounts to 270 million units as of June 2020
China’s automobile population amounts to 270 million units as of June 2020

China’s motor vehicle population reached roughly 360 million units by the end of June 2020, of which 270 million units are automobiles, according to China’s the Ministry of Public Security.

Jul. 14 , 2020