NEV


Foxconn partnership recharges ailing Chinese EV maker Byton

Foxconn partnership recharges ailing Chinese EV maker Byton

(ATF) China's dynamic new energy vehicle (NEV) market will receive a new jolt with Apple supplier Foxconn Technology Group teaming with Byton, a cash-strapped but reputedly talent-rich carmaker, to make electric sport-utility vehicles from next year.Young Liu, chairman of Foxconn, said in a joint statement that his company would provide …

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China construction machinery maker XCMG agrees to NEV venture

China construction machinery maker XCMG agrees to NEV venture

(ATF) One of China's biggest construction machinery manufacturers said it has agreed to invest in a 5.5 billion yuan ($843 million) new energy vehicle (NEV) project in the eastern Chinese city of Xuzhou.Xuzhou Construction Machinery Group (XCMG) said the project would focus on research, development, production and sales of NEVs, …

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China to cut new energy vehicle subsidies by 20% next year

China to cut new energy vehicle subsidies by 20% next year

(ATF) China will cut its subsidies on new energy vehicles (NEVs) such as electric cars by up to 20% next year, the finance ministry said on December 31, as Beijing seeks to boost fuel economy and cultivate home-grown automotive sector champions.China has set a target for NEVs, which also cover …

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China pulls EVs over standards failures 

China pulls EVs over standards failures 

(ATF) Twenty-five electric vehicle (EV) markers, including big names such as BYD Auto, Geely, BAIC, GAC, Dongfeng and Changan have been summoned by China’s Ministry of Industry and Information Technology (MIIT) for a “talk” about product compliance issues, and some of their products have been terminated or suspended from production.MIIT’s …

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