The Ministry of Industry and Information Technology (MIIT) is now raising the stakes, setting a higher target for the proportion of environmentally friendly cars out on the roads.
TagEV market
According to numbers reported by a research company LMC Automotive, Toyota was responsible for 7.8% of China’s new car sales during the first nine months of 2019, falling short of toppling Volkswagen as the market leader, but outpacing GM and the local automotive leader SAIC Motor.
On November 7, Tesla’s official Weibo account announced that the Chinese-made Tesla Model 3 is “coming soon” to the largest automotive market in the world.
On October 24, celebrated in China as the programmers’ day due to the reference to the number 1024, XPENG Motors held a joint Tech Day with Tsinghua University.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
Electric car maker Tesla’s landmark gigafactory in Shanghai has officially received the required power supply for preliminary production from the State Grid Corp of China.
Tesla is reported to be putting together “a major engineering team in China.”
We sat down with Brian Gu, president and vice-chairman of XPeng Motors, to learn more about the company and his vision for the future of EVs.
On June 18, Xpeng Motors completed the production of 10,000 units of its its first production model, the G3 smart EV.
