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Hungary expects $3B in unutilized Chinese language auto business funding

Baua Electric

billion) in unutilized Chinese language investments within the automobile sector, additional boosting the central Ecu public as a regional heart within the transition to electrical mobility, International Minister Peter Szijjarto mentioned. Closing age, Chinese language battery maker Eve Energy introduced a $1.2

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BYD expects its Q1 NEV sales to grow over 80% YoY, aims to be largest automaker in China by year-end

CN EV Post

Based on January-February retail sales, BYD is already the largest automaker in China with an 11.8 percent share. | BYDDY.US | BYD HK BYD's new energy vehicle (NEV) sales are expected to maintain strong growth in the first quarter, despite the overall weak performance of China's passenger vehicle market. percent share.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China Daily. China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference.

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Tesla Giga Shanghai has resumed over 80% production

Teslarati

Tesla Giga Shanghai has resumed over 80% production along with several other companies, according to Chinese official Zhang Hongtao — the chief engineer of the Shanghai Economics and Information Technology Commission. During a press conference, Zhang stated that Shanghai created a second list of 1,188 companies that can resume work.

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BAIC BJEV in strategic cooperation with Dresden University of Technology for lightweighting technology

Green Car Congress

The first production car model based on the platform will be unveiled at Auto China 2016 in April. The collaboration between us isset to deliver innovations that drive the global technological progress in the new energy automobile area and the industrialization of lightweighting technologies.

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NIO announces Norway delivery & service center for Europe expansion

Teslarati

NIO plans to expand its automobile business to Europe, starting with a delivery and service center in Norway. The company revealed details about its plan at the NIO Norway press conference. In September, the Chinese automaker plans to open a delivery and service center in Oslo as well. ” (Credit: Nio ).

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Audi will phase out gas engines by 2033, reversing past stance of CEO

Teslarati

Audi will now phase out gas engines by the year 2033, CEO Markus Duesmann announced at the Berlin Climate Conference earlier today. Audi, a German company, owned by Volkswagen Auto Group, has sold the e-tron and the Q2L SUV for the powerful Chinese EV market. Instead of banning, he is looking at it as innovation.

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