
China's First Photovoltaic Powered Battery Swap Stations Start Operation
China's first batch of photovoltaic powered battery swap stations in Ningdong, Ningxia province was successfully completed and put into use on May 20.
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China's first batch of photovoltaic powered battery swap stations in Ningdong, Ningxia province was successfully completed and put into use on May 20.

In response to recent rumors that Subaru China, a joint venture automobile brand, is considering withdrawing from the Chinese market, an official statement was issued on August 30, denying the rumor and reaffirming its close attention to the Chinese market.

Chinese automaker BYD announced on Friday that its Song PLUS DM-i model, which went on sale on March 25, 2021, has added a 5G version due to its high sales volumes.

The new energy vehicle market has been going through a far-reaching reform this year in China and beyond, with the challenges of a pandemic and slumping global economies.

Li Auto announced on November 27 that due to a supply shortage of core auto parts, vehicles that should have been delivered at the end of November as shown in the firm's mobile app will be postponed until December.

Evergrande Group is negotiating with both state-owned and private companies to sell stakes in the China Evergrande New Energy Vehicle Group and Evergrande Property Services Group, according to Reuters.

Tesla plans to suspend most production at its Shanghai Gigafactory for the first two weeks of July to carry out upgrades to equipment.

Chinese automaker BYD is expected to release a new high-end brand in Q4 of this year targeting the market priced above 1 million yuan ($145,936).

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.

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.

European enterprises are increasing their investment in China one after another. In the field of automobile manufacturing, the increasing pace of foreign investment is more apparent.

Chinese car-sharing provider GoFun recently completed its Series B financing with several investors amounting to hundreds of millions of RMB.