Search Results for "NEV"

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
Chinese authority forbids purchase restrictions on NEVs
Chinese authority forbids purchase restrictions on NEVs

Chinese authorities on June 6 announced that local governments in China were not allowed to imposed traffic and purchase restrictions on new energy vehicles (NEVs). Relevant restriction policies that have been implemented should be cancelled from now

Jun. 6 , 2019
GAC Toyota to increase capacity by 400,000 NEVs per year with RMB11.329 billion investment
GAC Toyota to increase capacity by 400,000 NEVs per year with RMB11.329 billion investment

GAC Toyota, one of Toyota’s major joint ventures in China, is ready to plow RMB 11.329 billion (around $1.644 billion) into a program for new energy vehicle (NEV) capacity expansion, according to an announcement released on May 6 by GAC Group.

May 7 , 2019
Hainan Province to remove NEV local subsidy from June 26
Hainan Province to remove NEV local subsidy from June 26

The government of China’s Hainan Province recently announced that consumers who buy new energy vehicles (NEVs) with license (excluding buses and fuel cell vehicles) will no longer enjoy the subsidy offered by local government from June 26 on.

May 6 , 2019
China’s Zotye Auto to roll out 10 plus NEV models by 2020
China’s Zotye Auto to roll out 10 plus NEV models by 2020

Zotye Auto, a China-based privately-owned automaker, plans to roll out over 10 NEV models by 2020 as part of its newly-launched NEV strategy targeting the next fifteen years, according to a press release from the carmaker.

May 6 , 2019