Chinese car-sharing provider GoFun recently completed its Series B financing with several investors amounting to hundreds of millions of RMB.
China’s State Council announced a two-year extension of the “new energy vehicle (NEV)” subsidy and tax exemption that would initially expire at the end of this year.
Japanese automobile giant Toyota is preparing to build a new energy vehicle plant with an annual capacity of 200,000 units in the Chinese city of Tianjin.
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.
The New Energy Auto Show slated to be held in Shanghai from October 30 to November 1 was suddenly postponed as Chinese media confirmed on October 10.
Envision AESC, a Chinese battery technology company, released the new-generation Gen5-811 AIoT battery at the 18th Shanghai International Automobile Industry Exhibition on April 17.
On the evening of April 30, in response to the rumor of a new joint venture with Volkswagen, Didi Chuxing confirmed that it is in discussions with Volkswagen, Beijing Automotive Industry Holding Co. (BAIC Group), First Auto Works Group Corporation (FAW Group), Guangzhou Automobile Industry Group (GAC Group) and other automobile companies.
Alternative energy vehicle were under the spotlight in the Chinese market during 2017, with a total sales volume of 777,000, a year-on-year growth of 53.3 percent. Blade electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) show a year-on-year growth of 82.1 percent and 39.4 percent respectively.