CnEVPost Newsletter: China rolls out policies to support auto industry

The purchase tax will be cut in half for passenger cars of 2.0 liters and below with a purchase date between June 1 and December 31 and with a price not exceeding RMB 300,000.

In addition to acquiring NIO vehicles and selling them, NIO has begun offering a service to facilitate users to sell their vehicles directly to others.

The move comes after Mirattery secured tens of millions of dollars in financing through an ABN offering in April, marking the establishment of its direct access to financing in the exchange and interbank markets.

In a joint project between the two, Innovusion’s Falcon ultra-long-range LiDAR will serve as the primary vision radar on TuSimple’s heavy truck models.

Some of the lithium mines will start shipping next month and are expected to be available for use in BYD’s batteries in the third quarter, according to local media.

As of May 30, BYD CUBE T28 has delivered more than 1.6 GWh overall in North America so far this year, BYD said.

Denza’s next mass-produced midsize luxury five-seat SUV is closely related to this concept, an executive said.

Gotion’s power cell production capacity in China is expected to reach 100 GWh by the end of this year.