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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

2012 Chinese Auto Industry Development Report. The fifth annual report on China’s auto industry—2012 Chinese Auto Industry Development Report—says that the next 20-30 years will be a “critical period” that will see the formation of a global new-energy vehicle industry.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energy storage technology and products. Boston-Power, Inc., GSR Ventures has offices in Beijing and Silicon Valley. Reorganizing. Purcell, Jr.,

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

BAIC-Xiaoju New Energy Auto Technology Co. Ltd (JingJu) aims to combine the two companies’ strengths in new energy fleet operation and AI transportation solutions to develop next-generation connected-car systems. Xiaoju Automobile Solutions?XAS?was

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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Although reports claimed Hyundai would produce EVs under the Chinese automaker’s Arcfox brand in October, those plans have since fallen through over financing. The report notes Hyundai’s executive chairman, Chung Euisun, asked employees to learn from the success of Chinese EV makers after test-driving a ZEEKR electric car.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

We have rock-solid finances. However, Winterkorn said, VW, and the German auto industry in general, abandoned the early advantage and work in electromobility. A company such as Volkswagen must include all relevant technologies.” And the auto industry doesn’t hold back on announcements.

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China’s EV Subsidy

Revenge of the Electric Car

Buyers of electric vehicles will receive up to 60,000 yuan ($8,800), and buyers of certain gasoline-electric hybrids as much as 50,000 yuan, under the two-year program set to start this year in five cities—Shanghai, Hangzhou, Changchun, Shenzhen and Hefei—the ministry of finance said Tuesday. It plans to sell 50,000 electrics in the U.S.,

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