New energy vehicle Archives - Page 7 of 8

Chinese Internet Security Firm Qihoo 360 to Spend $451 Million for 16.6% Equity of Hozon Auto

Chinese internet security firm Qihoo 360 Technology announced on Monday that the company plans to invest 2.9 billion yuan ($451 million) in Hozon Auto, which also operates a car brand called NETA Auto.

Tesla Delivers Over 50,000 Vehicles and Over 30,000 Model Ys in China in September

According to data released by the China Passenger Car Association (CPCA) on Tuesday, the wholesale sales volume of Tesla's Shanghai factory in China in September was 56,006 vehicles, up 27% month-on-month and 394% year-on-year.

Tesla to Increase Investment and R&D in China

At the 2021 World Internet Conference held in Wuzhen, Zhejiang Province on Sunday, Tesla CEO Elon Musk said that Tesla will continue to increase investment and research and development in China in the future.

Evergrande Auto Makes Late Night Announcement on Delays in Paying Suppliers and Projects

Constrained by poor liquidity, there has been a delay in paying suppliers and projects in the group’s Evergrande Elderly Care Valley and new energy vehicles, and some projects were in suspension.

Geely to Release Concept Truck Supporting Different New Energy Sources This Year

Li Shufu, Chairman of Zhejiang Geely Holding Group, said on Thursday that Farizon Auto, a new energy brand under Geely New Energy Commercial Vehicles Group (GCV), will produce a concept truck this year.

Chinese Official Encourages M&As of New Energy Auto Firms to Expand and Strengthen Sector

The minister of MIIT said on Monday that new energy automobile enterprises should be encouraged to merge and reorganize to become stronger and improve industrial concentration.

CPCA: New Energy Vehicle Exports Showed Rapid Growth in August

China Passenger Car Association today announced a market analysis report for its passenger vehicles for the month of August. The report showed that exports of their new energy vehicles increased substantially throughout the month.

Ministry of Industry and Information Technology: Tesla Received $329 Million in Subsidies in China Last Year

Tesla received state subsidies for 101,082 vehicles sold in the country in 2020, for a combined total of 2.12 billion yuan ($329 million), according to data released Monday by China's Ministry of Industry and Information Technology (MIIT).

Leapmotor Completes Financing Round of 4.5 Billion Yuan Led by CICC

Leapmotor, which mainly develops, produces, and sells new energy vehicles, announced today that it had completed a new round of financing worth 4.5 billion yuan ($694 million).

Baoneng Motor Starts Second Batch Of Layoffs, Exceeding 65% of Personnel

After initiating layoffs in early 2021, Shenzhen-based new energy vehicle maker Baoneng Motor continued with the second batch of layoffs on July 22. Baoneng has not yet commented publicly on the matter.

China Evergrande Group in Negotiations to Sell Automobile and Property Management Businesses

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.

Chinese Home Appliances Giant Midea to Mass Produce Parts for New Energy Vehicles

Midea Group has announced its foray into the new energy vehicle (NEV) market with plans to produce a range of components and control systems for cars.

Huawei Joins Smart Vehicle Melee with SF5 SUV, Exploring New Revenue Streams Amid US Sanctions

Huawei unveiled its first new energy car equipped with a self-developed 5G autonomous system at the 2021 Shanghai Auto Show, in partnership with Chinese automaker Seres.

Anticipating the Future of Mobility: Why You Could (and Should) Ride High on Apple and Baidu’s Electric Car Ambitions

We are seeing more and more internet companies jumping into the deep end of the auto-tech industry.

2020 China’s New Energy Vehicles Market: Revolutions and Opportunities

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.

Car-sharing Provider GoFun Completes Series B Financing, Planning for Listing

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

China’s New Energy Vehicle Purchase Subsidy Extended for Two Years

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.

Toyota Prepares to Build New Energy Plant in China

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.

China Raises 2025 New Energy Car Sales Target to 25%

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.

Shanghai New Energy Auto Show Postponed Due to Instability in the Industry

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.

Everything about China's Innovation