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BYD chairman calls on China to extend NEV tax exemption until 2025

CN EV Post

| BYDDY.US | BYD HK (Image credit: CnEVPost) China's purchase tax exemption for new energy vehicles (NEVs) expired at the end of last year and has been extended until the end of this year. Before 2023, China's policies to support the NEV industry include purchase subsidies as well as exemptions from purchase taxes.

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Tesla China rolls out discounted rates for inventory vehicles

Teslarati

Tesla China definitely seems serious about hitting new sales records this fourth quarter. In what appears to be the company’s latest effort to boost its sales this Q4, Tesla China has rolled out additional discounts for consumers who are purchasing inventory vehicles.

China 98
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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co., UQM and CNHTC plan to create a joint venture to manufacture and sell electric propulsion systems for commercial vehicles and other vehicles in China. The purchase price is $0.95

China 150
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Ford Reaches Definitive Agreement to Sell Volvo Cars and Related Assets to Geely

Green Car Congress

Ford Motor Company has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited. The purchase price for Volvo Cars and related assets (primarily intellectual property) is US$1.8 Volvo will gain from Geely’s deep understanding of the market in China. —Li

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Remy to acquire 100% of its Remy Hubei Electric JV in China

Green Car Congress

has signed a definitive share purchase agreement with its Chinese joint venture partner, Hubei Super Electric Auto Motor Co. This joint venture was originally formed by Delphi Automotive Systems China Ltd. In 2004, Remy acquired a 51% ownership of REH as part of Remy’s purchase of Delphi’s light duty alternator business.

China 210
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Westport Fuel Systems and Weichai Westport to commercialize HPDI 2.0 technology for China

Green Car Congress

has entered into definitive development and supply agreements with Weichai Westport Inc. The new natural gas engine will be certified to meet China VI emissions standards and is expected to be launched in the second half of 2019. WWI has committed to purchase HPDI 2.0 Westport Fuel Systems Inc. engine sold by WWI.

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A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

Green Car Congress

US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. Earlier post.) — David Vieau, CEO of A123.

Convert 231