Policy

Thirteen companies, including Nio, undertook the work including the top-level design of the standard, the main framework and technical route for shared swap stations.

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.

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

China will develop a hydrogen energy development strategy and study the possibility of including and supporting hydrogen internal combustion engines.

Guangdong Province wants its auto manufacturing revenue to exceed RMB 1.1 trillion ($170 billion) by 2025, and to build an auto cluster with international influence by then.

More and more local governments in China are introducing measures to accelerate the acceptance of new energy vehicles.

Although new energy vehicles are rapidly being accepted by more and more consumers, there has been no exclusive insurance coverage tailored specifically for these models to date.

Chengdu, famous for being the home of China's panda breeding program, recently issued new regulations on the ride-hailing industry, requiring new vehicles used for ride-hailing to be new energy vehicles.

A semiconductor index in Shanghai extended its decline to more than 6 percent on the news.

The city of Zhengzhou in central China, which was recently hit by heavy rains and floods, has introduced a policy to encourage the purchase of new energy vehicles (NEVs).