Search Results for "EV"

Chinese home appliance producer Midea said to tap NEV field
Chinese home appliance producer Midea said to tap NEV field

Chinese home appliance giant Midea Group will spend RMB740 million to control 23.73% of voting shares in Beijing-based variable frequency drive supplier Hiconics Eco-energy Technology (Hiconics).

Apr. 2 , 2020
Great Wall Motor posts 13.64% drop in 2019 net profit, but revenue from overseas business jumps
Great Wall Motor posts 13.64% drop in 2019 net profit, but revenue from overseas business jumps

Great Wall Motor Company Limited (GWM)’s reported an annual net profit attributable to shareholders of 4.497 billion in 2019, a year-on-year decline of 13.64%.

Apr. 1 , 2020
China extends subsidy for NEV purchase for two years
China extends subsidy for NEV purchase for two years

China has determined to extend the validity period of the subsidies on new energy purchases and NEV purchase tax exemption for two years, state media reported on March 31.

Mar. 31 , 2020
Evergrande Health expected to record 2019 net loss of RMB3.2 bln in NEV business
Evergrande Health expected to record 2019 net loss of RMB3.2 bln in NEV business

On March 22, Evergrande Health, a listed subsidiary of Evergrande Group, warned of a year-on-year widened net loss in 2019 due to its investment in new energy vehicle (NEV) business.

Mar. 23 , 2020
Guangzhou carries more measures to revive auto consumption
Guangzhou carries more measures to revive auto consumption

Guangzhou municipal government on March 20 carried a bill in a bid to introduce more practical policies to boost local auto consumption, which has been whittled down by the COVID-19 spread.

Mar. 23 , 2020
EV startups Xpeng Motors, Byton jointly invest in NEV R&D company
EV startups Xpeng Motors, Byton jointly invest in NEV R&D company

Xpeng Motors and Byton have jointly invested in a Nanjing-registered NEV R&D company, a significant cooperation formed between two Chinese EV startups.

Mar. 18 , 2020