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NIO to start delivery of ES8 6-seater version on March 19
NIO to start delivery of ES8 6-seater version on March 19

China-based EV startup NIO will start to hand over the ES8 6-seater version on March 19, 2018 with a pre-subsidy price of RMB456,000, said Li Bin, founder and chairman of the EV maker.

Mar. 6 , 2019
China’s plan to cut VAT rate for manufacturing industry may trigger new round of auto price reduction
China’s plan to cut VAT rate for manufacturing industry may trigger new round of auto price reduction

Li Keqiang, Premier of the State Council of the People's Republic of China, delivered the government work report at the second session of China’s 13th National People’s Congress opened in Beijing on March 5.

Mar. 6 , 2019
Evergrande Health likely to record around RMB1.7 bln net loss in NEV business for 2018
Evergrande Health likely to record around RMB1.7 bln net loss in NEV business for 2018

Evergrande Health, a subsidiary of Chinese property giant China Evergrande Group, released a profit warning on March 5 that the company and together with its subsidiaries is expected to record net loss of around RMB1.4 billion for 2018.

Mar. 6 , 2019
Autonomous Driving Deserves Our Support Or At Least Understanding
Autonomous Driving Deserves Our Support Or At Least Understanding

It will be years before self-driving cars are consistent and viable, but in the meantime, we should support adoption of the technology.

Mar. 5 , 2019
Honda posts 4.5% YoY growth in Jan.-Feb. China deliveries
Honda posts 4.5% YoY growth in Jan.-Feb. China deliveries

Honda announced that its China’s deliveries in February edge down 1.5% YoY to 75,907 units. GAC Honda delivered 40,508 vehicles with a drop of 4.2%, while Dongfeng Honda gained a slight growth of 1.8% with its sales amounting to 35,399 units.

Mar. 5 , 2019
BYD, Daimler increase DENZA's registered capital for the third time
BYD, Daimler increase DENZA's registered capital for the third time

Registered capital of Shenzhen DENZA New Energy Automotive Co., Ltd. (DENZA), a joint venture between BYD and Daimler, has been increased to RMB4.56 billion from RMB4.16 billion, according to data from business information platform Qixinbao.

Mar. 5 , 2019