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GAC NIO’s HYCAN 007 granted NEV subsidy, exemption from vehicle purchase tax by MIIT
GAC NIO’s HYCAN 007 granted NEV subsidy, exemption from vehicle purchase tax by MIIT

The HYCAN 007, the first mass-produced model under HYCAN, has been brought into a catalogue issued by China’s MIIT, meaning the all-electric model has been allowed to enjoy the state’s NEV subsidy and been exempted from vehicle purchase tax.

Feb. 20 , 2020
Toyota, Nissan, Mazda drop, Honda grows in Jan. China sales
Toyota, Nissan, Mazda drop, Honda grows in Jan. China sales

Four major Japanese automakers have subsequently announced their Jan. sales volume in China.

Feb. 20 , 2020
Honda’s China deliveries grow 9.8% in Jan., Dongfeng Honda wins 21.3% YoY jump
Honda’s China deliveries grow 9.8% in Jan., Dongfeng Honda wins 21.3% YoY jump

Last month, Honda delivered a total of 149,863 new vehicles in China, starting its year of 2020 with an evident growth of 9.8%.

Feb. 20 , 2020
Impact of COVID-19 on PV market
Impact of COVID-19 on PV market

The extreme of adversity is the beginning of prosperity.

Feb. 18 , 2020
Geely rumored to plow $300 million in startup NIO
Geely rumored to plow $300 million in startup NIO

On Feb. 18, a "we media" platform exposed via its WeChat account that Geely, China's biggest indigeous automaker, plans to pump $RMB300 million in the EV startup NIO. As of press time, both NIO and Geely declined to comment.

Feb. 18 , 2020
SAIC Motor’s auto sales tumble in Jan., but indigenous brands stil defy gravity
SAIC Motor’s auto sales tumble in Jan., but indigenous brands stil defy gravity

SAIC Motor saw its sales in January tumbled 34.55% over a year ago, versus the estimated 18% drop in the industry’s total reported by the China Association of Automobile Manufacturers (CAAM).

Feb. 18 , 2020