The company said it would establish an advanced energy materials research institute and a new energy technology industrialisation research centre in Beijing
Domestic new energy vehicle companies such as BYD, Li Auto, Xpeng, Evergrande and Nio are expected to gain from the reduction in vehicle loan rates
Gentari aims to capture a 10% share of the electric vehicle ecosystem across key markets in Asia Pacific, especially in Malaysia and India
BYD accounted for about 17% of the 3 million new energy vehicles (NEV) sold in China in 2021, China Association of Automobile Manufacturers data show
Hozon New Energy Automobile, an eight-year-old Zhejiang-based electric vehicle maker, startled industry watchers with growing sales of its affordable, spacious SUVs.
The size of China's NEV market is expected to top 5.22 million units this year, a surge of 47.2 percent over the previous year, according to a report