New Energy Vehicles
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BMW Inks Deal With China's State Grid To Expand Charging Network
BMW has formed a partnership with State Grid Corporation Of China subsidiary, State Grid EV Service, to help it expand its Chinese charging station network. BMW has formed a partnership with State Grid Corporation Of China subsidiary, State Grid EV Service, to help it expand its Chinese charging station network. -
Volkswagen Injects $2.2 Billion Into Chinese Joint Ventures
Volkswagen will use the funds to increase its stake in its JAC Volkwagen joint venture from 50 percent to 75 percent, while also purchasing a 50 percent stake in state-owned company JAG. Volkswagen will use the funds to increase its stake in its JAC Volkwagen joint venture from 50 percent to 75 percent, while also purchasing a 50 percent stake in state-owned company JAG. -
Xpeng Motors Greenlit To Independently Assemble Electric Vehicles
Xpeng was granted by the Ministry of Industry and Information Technology a license to independently produce its electric vehicles, including its new fully-electric sports car, the Xpeng P7. Xpeng was granted by the Ministry of Industry and Information Technology a license to independently produce its electric vehicles, including its new fully-electric sports car, the Xpeng P7. -
Chinese EV Firm NIO Secures $1 Billion Lifeline As Part Of Deal
NIO secured the funds from three strategic investors, which required NIO to agree to certain terms, including the establishment of a new company called NIO China. NIO secured the funds from three strategic investors, which required NIO to agree to certain terms, including the establishment of a new company called NIO China. -
FAW-Volkswagen Launches Its First Plug-In Hybrid SUV
The Tayron GTE is the plug-in hybrid version of FAW-Volkswagen's popular SUV model and is equipped with an 85-kilowatt electric motor and a 1.4-liter EA211 turbocharged gasoline engine. The Tayron GTE is the plug-in hybrid version of FAW-Volkswagen's popular SUV model and is equipped with an 85-kilowatt electric motor and a 1.4-liter EA211 turbocharged gasoline engine. -
Chinese Electric Startup Byton Cuts US Workforce
Byton had furloughed more than 200 workers at its North American headquarters in Santa Clara, California. Byton had furloughed more than 200 workers at its North American headquarters in Santa Clara, California. -
Chinese EV Firm BYD Reports 42 Percent Decline In 2019 Profits
BYD attributed the decline in its profits last year to the cutting of government subsidies for new energy vehicles. BYD attributed the decline in its profits last year to the cutting of government subsidies for new energy vehicles. -
China State Grid To Build 78,000 New EV Charging Stations
China State Grid's $383 million project is part of China's ambitious plan to have at least 200,000 new charging stations within the year. China State Grid's $383 million project is part of China's ambitious plan to have at least 200,000 new charging stations within the year. -
Tesla Sets New Monthly Sales Record In China Despite Industry Slump
Tesla managed to sell a total of 10,160 electric vehicles in China last month, a big jump from the 3,900 units it sold in February. Tesla managed to sell a total of 10,160 electric vehicles in China last month, a big jump from the 3,900 units it sold in February. -
Evergrande Group's EV Subsidiary Confident In Becoming Segment Leader
Evergrande Group's new energy vehicle subsidiary, Evergrande Health, is confident that it will become Tesla's main challenger in China once its products hit the market. Evergrande Group's new energy vehicle subsidiary, Evergrande Health, is confident that it will become Tesla's main challenger in China once its products hit the market.