China is set to introduce extraordinary policies to address the risk of a lack of investment momentum in manufacturing downstream companies whose profits are being squeezed.
According to Chinese policy, NEVs sold to corporate customers need to reach 20,000 kilometers of driving range within 2 years or they will not receive the purchase subsidy.
CATL’s battery swap brand EVOGO today put three battery swap stations into operation in Hefei and expects to have 20 such facilities in the city by the end of this year.
Alibaba-backed DeepRoute will provide self-driving medium-duty trucks to Deppon and they will provide the courier company with a year-long regular freight transit service.