China New Energy Vehicle
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China's 2021 new energy vehicle subsidies to fall by 20 percent
China's new energy vehicle subsidies in 2021 will be backed down by 20% compared to 2020, four ministries, including China's Ministry of Finance, said in a document released today.
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Shanghai govt meeting adopts plan that will accelerate development of new energy vehicle industry
The Shanghai government held an executive meeting today to decide that it will accelerate the development of the local new energy vehicle industry.
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China's new energy vehicle market expected to grow at more than 30% next year
China's annual sales of new energy vehicles this year are expected to exceed 1.3 million units, an increase of nearly 8 percent.
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China's November new energy vehicle sales double year-on-year
Compared with the same period of the previous year, pure electric vehicle car sales grew at a year-on-year rate of 136.8%, and plug-in hybrid vehicle sales grew at a rate of 137.6%.
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NIO founder says China's goal of reaching 20% penetration rate of NEVs by 2025 is conservative
China recently announced a target of 20 percent penetration rate of new energy vehicles by 2025, and in the opinion of William Li Bin, founder, chairman and CEO of NIO, this target is actually a somewhat conservative one.
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Chinese regulator interviews 25 companies, including BYD, Geely, to strengthen quality of new energy vehicles
Nine models were found to have problems with battery capacity, discharge capacity after cyclic discharge, discharge protection value, and luggage compartment volume, which did not meet national standards.
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Analysts comment on China's new-energy vehicle sales in November: Growth has been like fire
Sales of XPeng, Li Auto, BYD Han, and Great Wall Motor's Ora EV increased 39%, 26%, 34%, and 43%, respectively, compared with October, and NIO's performance in November was relatively stable.
