China has renewed subsidies for the purchases of new energy vehicles (EVs and PHEVs) for another three years. The country’s Finance Ministry announced this week that it will offer up to 60,000 yuan ($9,800) for the purchase of an EV, up to 35,000 yuan for a PHEV, and up to 500,000 yuan for an electric… Read more »
Posts Tagged: Electric Vehicles in China
South Korea’s SK Innovation Company, China’s state-owned Beijing Automotive Industries Holding Co. and LCD maker Beijing Electronics Holding Co. have agreed to form a joint venture to produce battery packs for EVs, Asian Power reports. The new JV will invest $166.4 million to build a battery plant that will have an annual production capacity of… Read more »
China will reinstate subsidies for electric car buyers as early as next month, Wang Chuanfu, the CEO of automaker BYD, told Reuters.
Under the agreement, SAIG will purchase Balqon’s electric drive system which SAIG will incorporate into a 22-foot bus chassis.
The FIA’s new Formula E electric racing series is picking up speed. China Racing has been officially proposed as the second of ten teams that will compete in the zero-emissions championship, which launches next year (UK team Drayson Racing was the first team to sign up, in January). The announcement was made this week at… Read more »
National Electric Vehicle Sweden (NEVS), which bought the rights to the Saab brand in June, is forging ahead with plans to build two EV models for sale in China, company spokesman Mikael Östlund said in an interview with the Swadeology blog. The first of the new EVs will be “a premium car,” and is scheduled… Read more »
The Springo is a renamed electric version of the Sail, which is produced by Shanghai GM, a joint venture between GM and Chinese partner SAIC.
Founder Henrik Fisker made the announcement, adding that the company had appointed Joe Chao as Executive VP and CEO of its China and Asia operations, headquartered in Shanghai.
General Motors has announced that it is fabricating and testing prototype battery cells and systems at its Advanced Technical Center in Shanghai.
As the Shanghai International Automotive City Group (SIAC) marked the first anniversary of its EV Campaign, Volvo delivered 15 C30 electric cars to the city for a test drive project called EV100 Days. Selected members of the public will drive the C30s for three months, as Volvo collects data about the new model’s performance on… Read more »