Home > BEV (Page 2)

MOFCOM: China working on policies to reduce restrictions on foreign investment in NEV production

BEIJING – China is working on new policy measures aimed at reducing restrictions on foreign investment in new energy vehicle manufacturing and to push ahead the further opening of the sector, according to Gao Feng, spokesman of the Ministry of Commerce (MOFCOM). Gao made the comments at MOFCOM’s regular press

| | | | | | | Read More

Daimler to localize production of BEVs and batteries in China by 2020

BERLIN – Daimler and BAIC Group signed a framework agreement here on July 5 to jointly invest ¥5 billion to localize production of battery electric vehicles and batteries at their joint venture Beijing Benz Automotive Co., Ltd. (BBAC). By 2020, BBAC plans to manufacture BEVs under the Mercedes-Benz brand powered

| | | | | | | Read More

Foreign carmakers no longer bound by two-JV cap if third JV produces BEVs

BEIJING – Foreign carmakers are no longer limited to having a maximum of two vehicle joint ventures if the third is set up to only produce battery electric vehicles or if they acquire other carmakers in China together with their existing Chinese JV partners, according to the Catalogue for the

| | | | | | Read More

Faster consumer acceptance and regulatory decision making give China competitive edge, says Continental CEO Degenhart

HANNOVER, Germany – China has a competitive edge on the commercialization of autonomous driving and roll out of mobility services because Chinese consumers have the tendency to accept and adopt new technologies faster and regulators can make decisions quicker than in developed countries, according to Dr. Elmar Degenhart, chairman and

| | | | | | | | Read More

MIIT and NDRC issue new guidelines on automotive investment

BEIJING – The National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) jointly released a new set of guidelines on June 12 aiming to alter the structure of the auto industry, improve the administration of automotive investment projects, enhance monitoring and warning mechanisms of

| | | | | | | Read More

Daimler to take minority share in BJEV in new framework agreement with BAIC

BERLIN – Daimler intends to acquire a minority stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a subsidiary of partner BAIC Group, with the purpose of strengthening strategic collaboration with BAIC in China’s new energy vehicle sector. The move is one of the two significant investments Daimler plans to make

| | | | | | Read More