Tag: new energy vehicle

Industry Focus Areas, Motorized Vehicle

Nio joins race for cash with share sale

December 11, 2020

Via: Automotive News

Chinese electric-vehicle maker Nio Inc. joined the rush for fundraising among new-energy vehicle manufacturers, capitalizing on a 11-fold increase in its share price this year to boost its coffers. The manufacturer is selling 60 million American depositary shares in a […]

Industry Focus Areas, Motorized Vehicle, Regulations

China to cut new energy vehicle subsidies by 10% this year

April 23, 2020

Via: Reuters

China will cut subsidies on new energy vehicles (NEV) such as electric cars by 10% this year, the finance ministry said on Thursday, following a decision last month to continue providing incentives to buy cleaner cars. The government had announced […]

Industry Focus Areas, Motorized Vehicle

China-built Tesla cars secure new energy vehicle subsidies

December 6, 2019

Via: Reuters

BEIJING (Reuters) – Tesla Inc (TSLA.O) said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker’s push into the world’s biggest auto market. China’s industry ministry had earlier […]

Logistics, Process

China new-energy vehicle sales drop for first time in over two years

August 12, 2019

Via: Reuters

NEV sales fell to 80,000 units last month in China. That compared with a growth of 80% in NEV sales in June. Overall auto sales in the world’s biggest vehicle market fell 4.3% in July, down for a 13th consecutive […]

Industry Focus Areas, Motorized Vehicle, Process, Production

China’s Evergrande Health aims to build production capacity for up to 1 million EVs in 3 years

March 22, 2019

Via: Reuters

HONG KONG (Reuters) – China’s Evergrande Health said on Friday it aims to build production capacity for 500,000 to 1 million electric vehicles in three years. The company made the announcement at an earnings conference. Its parent company, property developer […]

Logistics, Process, Uncategorized

China vows action against ‘blind’ electric vehicle growth

June 15, 2018

Via: Reuters

China is aggressively pushing the new energy vehicle (NEV) sector as it tries to not only cut air pollution from traditional combustion engines but also boost China’s high-tech clout. But experts have warned the sector is facing overcapacity risks, with […]