The Shenzhen based new energy technology company BYD has become the highest selling manufacturer of new energy vehicles in 2016 for the second consecutive year. According to figures compiled by EV Sales, a website that tracks the global market for new energy vehicles, BYD’s global sales of 100183 units represented a 70 percent increase from the previous year. Worldwide new
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BUENOS AIRES, Argentina–(BUSINESS WIRE)–Renewable energy technology company BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment. The tender was launched by the Ministry of Environment as a pilot project for the introduction of electric public transport in different cities throughout
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Chinese regulators are penalizing five electric-vehicle manufacturers that “cheated” on a subsidy program to the tune of 489.4 million yuan ($73.4 million) by making false claims about the number of vehicles they made —sometimes collecting money before any were made at all. Suzhou GEMSEA Coach Manufacturing Co. Ltd., the nation’s eighth-largest electric-minibus maker, forged production and sales records for more
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Germany’s Daimler AG plans to sell Mercedes-Benz branded all-electric battery cars in China, its China chief said on Wednesday, as the automaker capitalizes on government initiatives aimed at growing the market for new-energy vehicles (NEVs). Hubertus Troska said the government’s push, which involves tax breaks and other policy support, helped the number of NEVs sold last year surpass 300,000, making
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In the latest sign of caution from global automakers in China, Germany’s Audi last week unveiled a new factory for high-efficiency transmissions in Tianjin, to be used in petrol-powered cars. While Chinese firms go electric in the world’s biggest auto market, Audi is intent on petrol engines that can run farther, cleaner, in tandem with hybrid technology. As China’s electrified
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The owner of Karma Automotive is planning to produce electric cars in China, becoming the latest company to flag ambitions to build new-energy vehicles in the world’s largest auto market. Wanxiang Group, founded by Chinese billionaire Lu Guanqiu, plans to build an electric vehicle plant in Hangzhou, China, according to the company’s application for an environmental impact review posted on
Read moreChina is allowing foreign auto-parts makers to conduct research and production in the country without partnering with local companies in a trial move experts believe may signal the imminent removal of investment restrictions on international carmakers. The State Council said on July 19 that makers of auto electronic systems and batteries for new-energy vehicles in the free trade zones of
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