EV Industry

China will introduce a series of policies to support the development of the new energy vehicle industry as well as its technological innovation, Shanghai Securities News reported on Monday.

Haima's shares traded in Shenzhen shot up to the 10 percent daily trading limit after Chinese media reported the development Monday afternoon.

Under the agreement, residents of one country with a driving license can drive directly in the other country's territory or receive a license without taking a test.

Since China launched a new round of pilot policies to support the photovoltaic (PV) sector on June 20, 25 provinces have submitted proposals.

With the launch of two electric vehicles, SiTech, also known as Xinte Auto, the electric vehicle brand that once partnered with FAW, is making a comeback.

Aiways is working with underwriters to prepare for the IPO, which could raise about $300 million.

As the smart car industry grows rapidly, China is also accelerating its regulatory policies.

Pony.ai, a Chinese self-driving startup backed by Nio and Toyota Motor, has put on hold plans to go public in the United States through a merger with a blank check company, Reuters said on Thursday, citing people familiar with the matter.

The price is approximately double that of the SAIC-GM Wuling Hongguang Mini EV, which is priced at RMB 28,800 - RMB 43,600.