Hertz & Polestar Announce Global Strategic Partnership To Accelerate Electric Vehicle Adoption
Hertz (NASDAQ: HTZ) and Polestar, the Swedish premium electric performance car maker, today announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Availability is expected to begin in Spring 2022 in Europe…
Kaixin Auto Holdings Announces Intention Order for 20,000 Electric Vehicles
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has reached into a strategic partnership with Beijing Camping Club Sports and Culture Communication Co., Ltd. (the “Camping Club”). Camping Club agrees to order at least 20,000…
XPENG P7 100,000th Car Rolls Off Production Line
The XPENG P7 smart sports sedan has today become the first model from a Chinese pure-EV brand to reach the production milestone of 100,000 units. The 100,000th P7 rolled off the production line 695 days after its official launch on…
Audi-FAW’s New Venture To Lift EV Production In China
The Chinese authorities have finally approved the US$3.3bn joint venture (JV) between the state-owned FAW Group and Europe’s Audi to manufacture electric vehicles (EVs) in China. The new venture, which will commence its production from 2024, will expand Audi’s existing…
ABB E-mobility Increases Majority Stake in Chinese EV Charging Provider Chargedot
ABB had previously acquired a 67 percent stake in Chargedot in March 2020. The additional investment is part of ABB E-mobility’s growth strategy and further strengthens ABB’s position in the rapidly growing Chinese e-mobility market. Financial terms of the transaction…
China Yuchai Has Launched The Country’s First Commercial Hydrogen Engine
China Yuchai International, a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), announced that the company’s YCK05 hydrogen-powered engine achieved stable ignition and operation…
China Has Reduced Subsidies To The Manufacture Of Electric Vehicles
China has announced it will cut subsidies for green energy vehicles such as electric cars by 30%, beginning January this year. A release from the Ministry of Finance said that the subsidies policy, NEV 2022 will be definitively closed by…
Jiuzi New Energy Forms Cooperative Relationship With a Regional EV Distributor
Jiuzi Holdings, Inc. (NASDAQ:JZXN; the “Company”; Jiuzi New Energy), a new energy vehicles franchisor and retailer under the brand name “Jiuzi” in China, today announced that it has entered into a cooperation agreement with Zhejiang Youxing New Energy Co., Ltd….
Xiaomi’s Open Car Plant In Beijing To Produce 3 Lakh Electric Vehicles Every Year
iaomi’s open car plant in China will have the capacity to produce 300,000 electric vehicles every year, authorities in the capital said on Saturday. The new car plant will be constructed in Beijing in two phases. The smartphone maker will…
Hunter Biden’s Firm Helped China Gain Control Of Electric-Car Mineral
Hunter Biden’s investment firm helped broker a 2016 deal that gave a Chinese state-backed company control of a massive African mine rich in cobalt — a mineral essential for the production of electric car batteries. The deal, first reported by…
