EV Industry

On top of the subsidies that car companies receive for the sale of new energy vehicles, China's southernmost province of Hainan is giving additional rewards to consumers who buy such models in an effort to boost auto consumption.

Meizu posted a poster on Weibo on Thursday, hinting that it will announce its first partner in the automotive space tomorrow.

Sales of new energy vehicles in China reached 226,000 units in March, up 2.4 times year-on-year, but no one wants such models in the used car market, state-run media CCTV reported Wednesday.

China drafts rules to ban smart cars from sending collected data abroad

Chinese Internet giants, including Baidu and Xiaomi, have announced their entry into the EV industry, and Chinese state-owned media People's Daily analyzed the reasons behind this in an April 29 report.

The launch of the platform comes at an interesting point: a female owner who complained of brake failure is keeping their dispute going over whether the data provided by Tesla is reliable.

The show attracted the participation of more than 1,000 well-known global auto exhibitors, displaying 1,310 vehicles.

Earlier today there was report that smartphone giant OPPO is preparing a car-making project. In fact, this does not seem to be a surprise, judging from the patents the company has obtained in the automotive field.

In terms of market capitalization, Tesla is number one, BYD is number two, and several new carmakers are in the top 10, Skyworth founder noted, adding that the growth of Chinese electric car companies is unstoppable.

After Xiaomi, smartphone giant OPPO is also preparing to enter the car-making bandwagon, the latest report shows.