China In Perspective: Decoding secrets behind the rise of China's NEVs-Xinhua english.news.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from english.news.cn Daily Mail and Mail on Sunday newspapers.
Decoding secrets behind the rise of China's NEVs newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.
China announced an auto trade-in policy recently to encourage scrapping of more polluting vehicles for new-energy vehicles (NEVs) or fuel-efficient cars. Industry experts predict the policy will generate demand for millions of new car sales, opening up a huge market for NEVs.
The facility, a former assembly plant and engine factory, had been a joint venture of a Chinese company and Hyundai, the South Korean giant. The complex opened in 2017 with robots and other equipment to make gasoline-powered cars. Hyundai sold the campus late last year for a fraction of the $1.1 billion it took to build and equip it. Unmown grass at the site has grown knee high.
Tesla's closest Chinese rival, Li Auto, slashes prices as EV discount war spreads to premium market scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.