Tesla Starts Sales Of Two New Model 3 Variants In China
US electric vehicle maker Tesla Inc. said on Friday it has started China sales of two more Model 3 variants built at its Shanghai plant, meaning all Model 3 sedans sold in the country are now locally made and not…
China’s EV Sales Show Signs Of Recovery From The Coronavirus Pandemic
Sales of new vehicles in China tumbled in February, which is hardly surprising since much of the country was in lockdown mode due to the coronavirus pandemic. People who are sequestered inside their homes aren’t making many major purchases, they…
Tesla Completes Blockchain Pilot To Speed Imports Process Into China
In an announcement, blockchain-based logistics provider CargoSmart revealed Tesla, the Shanghai International Port Group (SIPG) – the sole operator of the port – and Chinese cargo ship operator COSCO trialed a blockchain app that shortened the cargo release time and makes it…
Ideanomics’ MEG Division Deploys Pilot Program In Nanjing To Monetize Electric Vehicle Sales In China
Ideanomics Inc said in a press release that its electric vehicle division, Mobile Energy Global (MEG), has deployed a pilot platform in Nanjing to streamline energy sales, and it will serve “as a blueprint” for a broader rollout in the city as…
QCCIG And Seven Stars Investment Group To Raise Funds To Finance EV Sales in Qingdao and Shandong Province
The Qingdao City Construction Investment Group Limited (QCCIG) has entered into framework strategic cooperation agreement with Sun Seven Stars Investment Group Limited (SSSIG) to raise up to RMB 50 Billion (USD 7 Billion) fund to finance investment projects in Qingdao and Shandong…
March 2020 Delivery Update Provided By NIO Inc.
SHANGHAI, China, April 07, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its March 2020 delivery results. NIO delivered 1,533 vehicles in March 2020, representing a…
EV Manufacturers And Buyers In China Find Relief In Extended New Energy Vehicle Subsidy
Chinese Premier Li Keqiang announced that the country would extend “New energy vehicle” subsidies for two additional years. The extension aims to combat economic downturns that have arisen from the halting of vehicle production as a result of the COVID-19…
Chinese Electric-Vehicle Maker Backed By Warren Buffett To Supply Electric-Car Parts To Rivals
BYD Co., the Chinese electric-vehicle maker backed by Warren Buffett, will start offering a full suite of EV components to rivals and aspiring auto manufacturers to diversify its revenue sources amid sputtering car demand. Among the parts that the Shenzhen-based…
Auto Production In China To Rebound
While vehicle and component production has slowed to a trickle in Europe because of the corona virus outbreak, Daimler, Volvo and suppliers say their factories in China are coming back online. Daimler has reopened its factory in China, where demand for vehicles is…
Polestar 2 Production To Officially Begin In China, Deliveries Starting Summer 2020
Despite the world economy being thrown in a standstill and many automakers closing down their production facilities for the time being, Polestar will start production of its Polestar 2 electric car this week. Production will take place in Luqioao, China in…
