Right before Christmas Day, dealers of the three German luxury car brands, BMW, Audi and Mercedes-Benz, received unprecedented amounts of cash rebates for the year, reportedly totaling ¥5, ¥2 and ¥1 billion, respectively. BMW in particular agreed on January 5 to offer its dealers ¥5.1 billion in cash rebates to
Read MoreHefei, Anhui – Ankai Bus has recently ratified a purchase contract with Hefei Transportation Co., Ltd., according to a report on cnstock.com.cn, citing company press release The Hefei Transportation will be buying 460 of Ankai’s NEV buses, designed for urban transport. Ankai will supply the vehicles in three batches. According
Read MoreTongzhou District, Beijing will be adding 300 battery-powered electric taxis to its roads, according to a December 14 statement by the district government, reported by Beijing Daily. As part of its efforts towards popularizing, Tongzhou district has already built two taxi-specific charging stations. The newest station was built near Yihua Park, and
Read MoreDirector of BYD’s sales units Hou Yan has announced that the company has plans to release six new NEV models, including three SUVs, according to a news18a.com report. The SUVs include the Tang, which was announced earlier this years, the midsize Song, and the compact Yuan. All three models will be
Read MoreZhejiang Litong announced on December 18 the release of its new “Weimi E28” BEV. D1ev.com laid out the model’s technical specifications in a December 22 report. The E28 is a two-door three-seat coupe, with body dimensions of 2,650x1,240x1,510 mm (LxWxH). Its battery comes in three versions, ranging from 48V to 60V,
Read MoreWUHAN, Hubei – Dongfeng-Honda’s third plant in Wuhan, Hubei Province has been approved by Hubei Provincial Development and Reform Commission, according to a report on auto.souhu.com. With a total investment of ¥5.2 billion ($867 million), the plant will be built in two phases and capable of producing 240,000 vehicles per
Read MoreBEIJING – Renrenche.com, a C2C used car trading platform established in April 2014, announced on December 26 that it has received a second round of investment of $20 million, according to a report on auto.sina.com.cn. The investment came from Ce Yuan Ventures, a Beijing-headquartered venture capital firm focusing on IT
Read MoreSHANGHAI – BorgWarner (China) Investment Co., Ltd. signed an investment agreement with Ningbo municipal government on December 15 to establish a wholly-owned subsidiary in Yinzhou District of Ningbo, Zhejiang Province, according to a company news release. BorgWarner Emissions Systems, a division of BorgWarner Inc., will invest $36 million to build
Read MoreZotye’s Chairman Wu Jianzhong announced on December 11 that the company’s plans to release several new NEV models, according to an autohome.com.cn report. The new models will be the Zotye Z500 and two currently unnamed models temporarilty titled B12 and B15. The Z500 will be modeled on their current petrol
Read MoreKUNMING, Yunnan – Kunming Yunnei Power Co., Ltd. (Yunnei Power) signed quartet term sheets with Wuxi Huishan Economic Development Zone Management Committee, Tianjin Santroll Electric Automobile Technology Co., Ltd. (Tianjin Santroll) and Tongji University Automotive Design & Research Institute Co., Ltd. (Tongji Auto) on December 19, to establish a joint
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