NIO achieves 500,000 EV production feat; announces new EV brand 'ONVO'

Chinese automaker NIO recently rolled-out its 500,000th mass-produced electric vehicle off the production line at its its Factory Two (Nio F2) in Hefei, Anhui Province. F...

Read More

BYD marks seven millionth New Energy Vehicle, becomes first to the mark

Image: BYD

BYD, the world's biggest new energy vehicle (NEV) company, produced its seven millionth NEV car on March 25, becoming the first company to cross the milestone. The target was achie...

Read More

BYD confirms NEV production base in Hungary to target European markets

BYD is to become the first Chinese car manufacturer to establish a production facility for new energy vehicles (NEVs) in Europe. The automaker has recently signed a preliminary lan...

Read More

China's revised NEV purchase tax policy comes into effect

Image for representation purposes only. Source: Getty Images

China's revised taxation policy for the purchase of new energy vehicles (NEVs) has come into effect from the start of this year. The current taxation scheme has replaced the t...

Read More

China’s ‘dual-credit’ policy: Top carmakers with positive NEV credits (2021)

Credited as one of the prime policy push forcing carmakers into electrification in the country, China's 'dual-credit' policy mandates those car manufacturers that fail to meet fuel...

Read More

BYD, UzAuto sign strategic MoU to develop new energy vehicles in Central Asia

BYD Auto Industry Co Ltd (BYD) has announced the signing of a strategic MoU with Uzbek automaker UzAuto to develop, produce and popularize New Energy Vehicles (NEV) in Central Asia...

Read More