EV Industry

China continues to provide policy support for the new energy vehicle industry, as a new document aimed at boosting the construction of charging and battery swap infrastructure was drafted.

China will start a nationwide pilot program for the application of the battery swap model in the second half of the year, with cities being asked to complete work plans by the end of May.

Unlike technology companies including Xiaomi, Baidu and Qihoo 360, Midea particularly emphasized that it is not directly involved in building cars, but focuses on providing components for car companies.

CICC believes that the practice of charging for self-driving features may not be sustainable in the long run, and that car companies need to move to a "channel fee" profit model.

A new traffic rule announced six months ago has boosted new energy vehicle (NEV) sales in Shanghai significantly.

Now the company has been reborn after a restructuring and has announced the launch of its first battery swap-enabled mass-produced model.

Chinese oil giant Sinopec Group has completed China's first "carbon-neutral" gas station, marking an important step in its drive to reduce carbon emissions.

The electric vehicle sector in China is no doubt getting more interesting by the day.

After reports a month ago that it had launched a car-making project, Xiaomi eco-chain company Roborock seems to be on the move.

The output of new energy vehicles was 229,000 units, up 175.9% from a year ago.