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A recovery in China’s car sales showed some increase last month, indicating that the world’s biggest auto market is recovering from a two-year downturn as the coronavirus led restrictions ease.
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Chinese electric carmaker Nio Inc prepares to boost capacity, it said on Tuesday following their reporting that quarterly revenue more than doubled, beating expectations. The auto industry in China is showing signs
The total amount of cars running on alternative energy sources on the roads of Haikou city in the southern Chinese province of Hainan reached 21.5 thousand units by the end
Silk EV, a U.S.-based engineering and design firm, said it prepares to invest 10 billion yuan ($1.41 billion) to make sports cars with Chinese automaker FAW Group under the brand
Renault stated Tuesday that it would start building only electric vehicles for China’s passenger car market, moving away from conventional internal combustion engines and also its joint venture with Dongfeng.
Shares of Chinese electric-car makers dropped following a Bloomberg News report that stated regulators may slash subsidies further on the embattled industry. BYD Co., China’s biggest company of new energy
Volkswagen’s joint venture with China’s Anhui Jianghuai (JAC) prepares to spend 5.06 billion yuan ($750.8 million) in a new electric car factory located in eastern Hefei city, according to local
Daimler and BMW are thinking to limit their planned cooperation to jointly produce an affordable electric car in China, according to German daily Sueddeutsche Zeitung. Daimler and BMW refused to
China stated it’s scaling back subsidies on electric vehicles to support local manufacturers to depend on innovation instead of government assistance as the industry matures and costs drop. The cuts
Daimler is going to start building electric vehicles in China next year as a way to fulfill Beijing’s strict anti-pollution quotas for automakers, even as demand for standard models like
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