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NEV startup Leading Ideal postpones new car delivery as new coronavirus spreads
NEV startup Leading Ideal postpones new car delivery as new coronavirus spreads

China’s NEV startup Leading Ideal has delayed the delivery of the Leading Ideal One REEVs (range-extended electric vehicles) which were supposed to be handed over to consumers in February and March as the new coronavirus infection spreads.

Feb. 3 , 2020
BYD, Daimler once again adds capital to NEV joint venture DENZA
BYD, Daimler once again adds capital to NEV joint venture DENZA

On January 14, registered capital of Shenzhen DENZA New Energy Automotive Co.,Ltd, a joint venture between BYD and Daimler, was increased by RMB700 million to RMB5.76 billion, according to an update record from corporate data platform Tianyancha.

Jan. 16 , 2020
GAC NE targets top three in NEV industry for 2025
GAC NE targets top three in NEV industry for 2025

GAC NE, the NEV unit of GAC Group, aims to appear on the top 3 list in China's NEV industry in 2025, Feng Xingya, general manager of GAC Group, said at the China EV100 Forum on January 11.

Jan. 13 , 2020
Startup SINOGOLD, Haiquan Group to team up on NEV industrial park
Startup SINOGOLD, Haiquan Group to team up on NEV industrial park

The Shandong-based EV startup SINOGOLD struck a deal with Shandong Haiquan New Energy Technology Co., Ltd (Haiquan Group) earlier this month for a strategic cooperation on building a NEV industrial park.

Dec. 17 , 2019
Sky-well New Energy Automobile, BAK Battery to ally on battery supply, NEV tech development
Sky-well New Energy Automobile, BAK Battery to ally on battery supply, NEV tech development

On December 12, Sky-well New Energy Automobile Group Co. Ltd (Sky-well) and Shenzhen BAK Power Battery Co., Ltd (BAK Battery) agreed to forge a long-term strategic partnership on new energy vehicle (NEV) development.

Dec. 13 , 2019
China’s NEV subsidies occurred in 2018 to total RMB13.778 billion
China’s NEV subsidies occurred in 2018 to total RMB13.778 billion

China’s Ministry of Industry and Information Technology (MIIT) said on December 10 the government subsidies for new energy vehicle (NEV) promotion and application that occurred in 2018 were forecasted to reach RMB13.778 billion.

Dec. 12 , 2019