EV Industry
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Just In – June 18, 2021
Nio's first second-generation battery swap station in Yangzhou City, Jiangsu Province, in eastern China, is in operation, bringing its total number of such energy replenishment facility in China to 261.
China's NEV sales expected to grow at annual rate of over 40% in next five years
In the next five to eight years, China will gradually phase out and replace about 200 million vehicles with exhaust emissions that meet only "China IV" standards and below, giving the electric vehicle market huge space.
Chinese city Jinan to reward local NEV firms with 1 million yuan for each new model released
Perhaps seeing the huge success of central China's Hefei city in its investment in Nio, another Chinese city is upping the ante on the new energy vehicle industry.
Chinese official suggests extending new energy vehicle purchase tax exemptions
The current deadline for China's vehicle purchase tax exemption for new energy vehicles is December 31, 2022.
Just In – June 17, 2021
Baoneng New Energy Vehicle Group, a subsidiary of the Baoneng Group, has received support from the Guangzhou government, with a strategic investment of RMB 12 billion from local state-owned enterprises.
Analysts expect worst time for China's auto industry to be over soon
Demand in China's auto industry was not fully released in the first half of the year due to tight chip supply, and as the issue improves, the second quarter will be the worst period for the industry's performance, CITIC Securities said.
OPPO execs reportedly visited Li Auto to speed up car-building plans
OPPO's car-building project is still in the research phase and has not been officially launched yet, but executives from the company recently visited Li Auto to speed up the plan.
German auto parts maker ZF Group partners with Chinese startup to tap into local smart driving market
ZF will also take a stake in CalmCar, although the amount of the investment was not disclosed. This is the first time ZF has invested in a local Chinese technology start-up.
BAIC BluePark's May sales fell 43% year-on-year to 1,197 units
Its cumulative sales from January to May were 5,374 units, down 54.04 percent from 11,692 units in the same period last year.
Nio Capital invests in online used car dealer Uxin
William Li said that the used car market in China has the potential for exponential growth and believes Uxin will continue to lead the development of the used car market in China.