Articles Tagged with "NEV"

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
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou
Evergrande Group to plow RMB160 bln in 3 NEV-related R&D, production bases in Guangzhou

China Evergrande Group on June 11 signed a strategic cooperation framework agreement with Guangzhou Municipal Government as part of efforts to deepen its deployment in new energy vehicle (NEV) domain.

Jun. 12 , 2019
BAIC BJEV receives RMB1,155.37 million worth of state’s NEV settlement subsidy
BAIC BJEV receives RMB1,155.37 million worth of state’s NEV settlement subsidy

BAIC BJEV has received a fund worth RMB24.93 million from a Beijing authority as part of central government’s efforts to liquidate the NEV subsidy that should be allocated to automakers based on the EV number they submitted to government in 2016.

May 31 , 2019
BYD says newly received RMB3.458 billion state’s NEV subsidy helps improve cash flow
BYD says newly received RMB3.458 billion state’s NEV subsidy helps improve cash flow

BYD Company Limited said on May 22 that its subsidiary BYD Auto Industry Company Limited has received the state’s subsidy on new energy vehicle promotion amounting to RMB3.458 billion from Shenzhen Pingshan District Finance Bureau.

May 23 , 2019
GAC NIO unveils new NEV offshoot dubbed HYCAN on May 20
GAC NIO unveils new NEV offshoot dubbed HYCAN on May 20

On May 20, GAC NIO New Energy Automotive Co.,Ltd (GAC NIO) launched an all-new car brand dubbed HYCAN in Hangzhou, the capital of China’s Zhejiang Province, according to the automaker.

May 20 , 2019