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NIO gains RMB10 billion worth of investment
NIO gains RMB10 billion worth of investment

China-based EV startup NIO got RMB10 billion worth of investment in May by signing a framework agreement with Beijing E-Town International Investment & Development Co.,Ltd (Beijing E-Town Capital).

May 28 , 2019
Qianxun SI works with FAW Group to offer Hongqi high-precision location-based service
Qianxun SI works with FAW Group to offer Hongqi high-precision location-based service

Qianxun SI, a Chinese positioning service provider, has formed a partnership with China’s state-owned FAW Group to provide its high-precision location-based service for the latter’s Hongqi-branded vehicles to be mass produced in 2020.

May 28 , 2019
Geely Binyue PHEV goes on sale with after-subsidy price starting RMB139,800
Geely Binyue PHEV goes on sale with after-subsidy price starting RMB139,800

The Geely Binyue, a SUV model hitting the market at the end of last October, will see its PHEV version go on sale on May 28. It is also Geely’s first BMA (B-segment Modular Architecture)-based plug-in hybrid SUV.

May 28 , 2019
Cost Of Charging A Tesla Model S Around The World
Cost Of Charging A Tesla Model S Around The World

No matter where in the world you charge your car, it will likely still save you money over paying for gas. However, with that being said, the cost to charge an EV varies geographically.

May 27 , 2019
China issues detail policies regarding Vehicle Purchase Tax Law
China issues detail policies regarding Vehicle Purchase Tax Law

To implement earnestly Vehicle Purchase Tax Law of the PRC, China’s Ministry of Finance and State Taxation Administration jointly issued on May 24 the Announcement on Detailed Policies Concerning Vehicle Purchase Tax, which shall come into effect on

May 27 , 2019
Chery Holding gains at least RMB10 billion worth of credit line from China Everbright Bank
Chery Holding gains at least RMB10 billion worth of credit line from China Everbright Bank

On May 23, Chery Holdings Co.,Ltd signed a strategic cooperation agreement with China Everbright Bank for a credit line worth over RMB10 billion.

May 27 , 2019