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China automobile sales up 9.6 percent in May 2018

BEIJING – China’s automobile sales in May reached 2.29 million units, up 9.6 percent from the same period of the previous year, according to data released by China Association of Automobile Manufacturers (CAAM) on June 11. Passenger vehicle sales reached 1.89 million units, up 7.9 percent, while commercial vehicle sales

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GM speeds up electrification pace in China, 20 NEVs planned by 2023, electric km driven to hit 100 million by Q3

Matt Tsien (left) and chief engineer of GM China Electrification Jennifer Goforth SHANGHAI – General Motors plans to introduce a total of 20 new energy vehicles in China by 2023, most of them locally-produced, and expects its existing NEVs on the roads to log more than 100 million pure electric kilometers

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Intelligent Power: Borui GE MHEV and PHEV among 30 new energy models Geely to launch by 2020

NINGBO, Zhejiang – Geely launched its smart hybrid flagship model Borui GE on May 28 at retail prices of ¥136,800-¥179,800  for five variants of the MHEV version and ¥166,800-¥199,800 after subsidies for three variants of the PHEV version. The new model, which debuted at the Beijing Auto Show in April,

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China EV100 Forum 2018: NEV policy continuity to be maintained

BEIJING – China will continue to maintain the continuity of policies for new energy vehicles, according to Wan Gang, minster of the Ministry of Science and Technology (MOST). Wan made the comments in his speech at the China EV100 Forum 2018 held in Beijing on January 20-21, which attracted some 3,000

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NEV tax exemption scheme extended until end of 2020

BEIJING – China has extended the purchase tax exemption scheme for new energy vehicles by three years until the end of 2020 in order to further support market development, according to an announcement released jointly by the Ministry of Finance, State Administration of Taxation (SAT), Ministry of Industry and Information

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Mission Shangri-La: Chang’an to invest £¤100 billion in NEVs and ditch traditional fuel vehicles by 2025

BEIJING – Another Chinese automaker is bidding adieu to traditional fossil fuel cars. Chang’an Automobile Co., Ltd. plans to invest ¥100 billion to develop new energy vehicles and stop selling traditional fossil fuel vehicles powered by only internal combustion engines by 2025. The announcement was made at a press conference

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Magna CEO Don Walker: e-drive systems JV with HASCO a “good fit”

SHANGHAI – Magna International CEO Don Walker said the new electric drive systems joint venture it just formed with China’s Huayu Automotive Systems Co., Ltd. (HASCO), a subsidiary of China’s largest automaker SAIC Motor Corp., was simply the result of a “good fit” between the two companies. “HASCO is a

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Dongfeng-Yueda-Kia announces NTF Strategy, eyes 1 million unit sales in 2020

YANCHENG, Jiangsu – Dongfeng-Yueda-Kia Automobile Co., Ltd. announced its NTF Strategy here on August 28 when celebrating the 15th anniversary of its founding in 2002. The NTF Strategy includes New Technology Leader, Top Quality Brand and First Priority Partnership. Dongfeng-Yueda-Kia plans to sell one million vehicles by 2020 and moves

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