Tag Archives: alternative energy vehicles

Geely to Divest Interest in 2 Unprofitable EV Subsidiaries

Geely Automobile Holdings has contracted to sell its stakes in two small, unprofitable electric vehicle subsidiaries to its parent, Zhejiang Geely Holding Group Co. The move is part of a plan to “consolidate and enhance its product portfolio and thus brand image by focusing on relatively higher-end automobiles going forward,” Geely said in a statement last week. Geely holds a

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CHINA Has too Many Electric Carmakers

China’s electric-vehicle industry is plagued by too many small companies that lack the know-how to compete globally, according to a government think tank charged with helping formulate automotive policy. Despite having more than 200 manufacturers of new-energy passenger vehicles, buses and special-use vehicles, China still lags behind global leaders in terms of quality, reliability and key technology, said Wang Cheng,

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CHINA Car Sales Look Shiny, on the Surface

China’s car market grew at its fastest pace in six months in June, driven by a tax break—but the rise was padded by a weak year-earlier comparison, and dealer-inventory data paints a gloomier picture. Foreign and domestic auto makers shipped 1.78 million cars—sedans, sport-utility-vehicles and minivans—to dealers last month, 18% more than year earlier, the China Association of Automobile Manufacturers

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BYD Alternative Energy Vehicles Big Order

Recently, BYD released announcement on successful bids of major contracts for commercial vehicles. The subsidiary BYD Automotive Industry Co. Ltd. won two bids of alternative energy vehicles purchasing project, valuing at RMB 1.796b and 192m respectively. Result of the first project was published on the website of Shenzhen Transportation Design & Research Institute Co. Ltd. by Shenzhen Western Bus Co.

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