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China’s five key NEV policies issued during the first half of 2019
China’s five key NEV policies issued during the first half of 2019

Chinese authorities also released a number of industrial policies in the first six months to boost the better and faster development of NEV industry. Gasgoo hereby summaries five key items in time sequence for your reference.

Jul. 16 , 2019
China to moderately raise required NEV credit ratio for year of 2021, 2022, 2023
China to moderately raise required NEV credit ratio for year of 2021, 2022, 2023

China’s Ministry of Industry and Information Technology (MIIT) issued on July 9 the amendments to the Measures for the Parallel Administration of the Average Fuel Consumption and New Energy Vehicle Credits of Passenger Vehicle Enterprises.

Jul. 11 , 2019
BYD says vehicle sales in H1 2019 edge up 1.59% thanks to NEV sales surge
BYD says vehicle sales in H1 2019 edge up 1.59% thanks to NEV sales surge

BYD said on July 5 that its vehicle sales in the first half of 2019 edged up 1.59% year on year to 228,072 units, entirely thanks to the robust growth in year-to-date (YTD) sales of new energy vehicles (NEV).

Jul. 8 , 2019
NEV startup CHJ Automotive plans VIE structure for capital pressure relief
NEV startup CHJ Automotive plans VIE structure for capital pressure relief

Leo Group announced on June 17 that CHJ Automotive plans to build a VIE (Variable Interest Entity) architecture and carry out relevant equity restructuring.

Jun. 19 , 2019
Evergrande Group to pump RMB120 billion into NEV bases in Shenyang
Evergrande Group to pump RMB120 billion into NEV bases in Shenyang

Chinese real estate giant China Evergrande Group on June 15 inked a strategic cooperation agreement with Shenyang Municipal Government for its NEV bases’ deployment, only four days after forging partnership with Guangzhou Government.

Jun. 17 , 2019
BYD sees May sales drop 10.22%, while NEV sales surge 53.77%
BYD sees May sales drop 10.22%, while NEV sales surge 53.77%

Chinese automaker BYD Company Limited reported on June 6 that its sales in May of 2019 declined 10.22% over a year ago to 33,920 units, which were also 10.36% less than that of a month earlier.

Jun. 10 , 2019