CnEVPost Newsletter: China rolls out policies to support auto industry
China unveils policy to boost consumption of NEVs in rural areas - CnEVPost — cnevpost.com BYD has six models on the list, and Leapmotor, WM Motor, Neta and Ora also have models eligible to participate in the campaign.
China halves purchase tax on mainstream ICE vehicles for rest of the year - CnEVPost 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.
NIO offers service to facilitate owners to sell their vehicles directly to others - CnEVPost 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.
NIO's battery asset operator raises about $95 million through ABS offering in China - CnEVPost 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.
NIO's LiDAR provider Innovusion enters strategic partnership with driverless tech firm TuSimple - CnEVPost 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.
BYD in talks to buy six African lithium mines, enough to cover demand for next decade, report says - CnEVPost 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.
BYD delivers energy storage station in North America - CnEVPost As of May 30, BYD CUBE T28 has delivered more than 1.6 GWh overall in North America so far this year, BYD said.
BYD-Benz JV Denza to unveil 'world-class' SUV concept this year - CnEVPost Denza's next mass-produced midsize luxury five-seat SUV is closely related to this concept, an executive said.
Gotion High-Tech adds 30 GWh to battery capacity as two new sites come online - CnEVPost Gotion's power cell production capacity in China is expected to reach 100 GWh by the end of this year.