Henan, home to the world’s largest iPhone factory, expects this initiative to help move its industries up the value chain, advancing beyond labour-intensive manufacturing activities. Source link
Read More »EVs will account for 1 in 3 car sales in China next year, Fitch predicts
New-energy vehicle sales will maintain their strong growth in China as more motorists ditch their petrol cars in favour of an expanding range of electric options, Fitch Ratings predicts. Source link
Read More »Rising petrol price squeezes China’s economy, opens door for energy upgrade
China has increased petrol prices 10 times this year due to rising cost of crude oil, indirectly filtering into daily lives and forcing authorities to rethink energy strategies. Source link
Read More »No more oil-fuelled cars from China’s EV maker BYD
China’s largest new electric vehicle (NEV) maker BYD said it stopped producing purely oil-fuelled vehicles last month and currently only makes electric and hybrid cars, as the country pushes towards its national goal of reducing carbon emissions. “In the future … the company will focus on the businesses of battery …
Read More »Alibaba-backed electric car cruises into market crowded by Tesla, NIO
A new electric vehicle (EV) from the Alibaba Group Holding-backed IM Motors will launch this month, joining a crowded but rapidly growing market dominated by Tesla and Chinese firms Xpeng and Nio.The first smart electric car from IM Motors will go on sale on March 29, with the first deliveries …
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