EV Transition
Hanma, controlled by Geely, will stop production of ICE vehicles in December 2025 to focus on NEVs
Hanma's Shanghai-traded shares rose by the 10 percent daily limit Wednesday, bringing its cumulative gain since the April 27 low to 50 percent.
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Chinese heavy truck maker with over 70 years of history ditches ICEs for NEVs
Although not many people in China know about Changzheng Auto, it is the second company after BYD to officially announce a full shift to NEVs.
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