Two electric vehicle-sharing platforms (EVCard/Caocao Zhuanche) backed by powerful Chinese carmakers plan to seek external funding totaling almost $730 million to fuel their growth, people with direct knowledge of the plans said.
Previous Event Review: Two month ago, in June, from 12th to 15th, in order to open up business opportunities for both Norwegian offshore wind energy companies and Chinese companies, NEEC together with Norwep, brought together a Norwegian offshore wind power enterprise delegation to China for a four-day visit, including four company-visit (Beijing and Fuzhou), […]
China’s first major privately owned liquefied natural gas import terminal entered operation on Tuesday in eastern Zhejiang province, setting the scene for more such facilities in the future.
BEIJING: Free trade talks between China and Norway should be sped up, the Chinese government’s top diplomat told his Norwegian counterpart, as the two countries continue to step up efforts to put a row over the Nobel Peace Prize behind them.
Wind and solar energy will account for about 50 percent of the total power produced in the world by 2050, aided largely by lower production costs, with China leading the revolution, a new report said.
On July 31, the Ministry of Finance together with the State Administration of Taxation, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Transport jointly announced that new energy vehicles (NEV) and vessels will be exempt from vehicle and vessel tax, and such tax for energy-saving vehicles will be halved. At the […]
With economic growth and strong policy support, China’s electric vehicle industry has experienced rapid growth. From 2013 to 2017, the production of electric vehicles in China increased from 18,000 in 2013 to 794,000 in 2017 at a compound growth rate of 159.4%, and the sales increased from 18,000 in 2013 to 777,000 in 2017 at […]
China National Development and Reform Commission, Ministry of Finance and National Energy Administration put brakes on the solar power industry on 31 May 2018, now known as the ‘531 policy’. The policy imposes caps on market scale, accelerates subsidy cuts and lowers the on-grid tariffs (prices paid to power producers). By 2020, solar power is expected […]
Apple has announced a new investment fund to boost clean energy in China by connecting suppliers with “renewable energy sources,” according to a press release.