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China extends EV tax exemptions totaling $72 billion through 2027, the largest tax break to date

China EV tax

China’s Ministry of Finance has confirmed that tax exemptions for New Energy Vehicles (NEVs) scheduled to expire at the end of this year have been extended through 2027. Consumers in China will now be able to take advantage of EV tax breaks amounting to over $4,000 per vehicle to start, which will dwindle down over the next four years.

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XPeng’s G6 arrives as competitor to Tesla Model Y in China, nabs over 25k orders in first 72 hours

XPeng G6 orders

Just three days after hitting showrooms and opening pre-orders, XPeng Motors’ G6 SUV is garnering a lot of hype in China as over 25,000 customers have already reserved one. This is encouraging news for the automaker, which has put a lot of faith into its latest model as the EV that will compete with the Tesla Model Y and help boost its delivery numbers this year.

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Fisker to sell and possibly build Ocean EVs in China, expects first deliveries in early 2024

Fisker China

Fisker Inc. announced that it will soon begin selling (and possibly producing) its flagship Ocean SUV in China. Executives from the American automaker recently visited Shanghai and discussed collaboration opportunities in the country, which has enabled plans for a delivery center opening this year followed by first Ocean deliveries in 2024.

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ZEEKR plans ambitious 2023, including doubling sales, 2 new EV models, and entry into Europe

ZEEKR Europe

Young Chinese EV brand ZEEKR is looking to significantly expand its sales and global footprint in 2023, according to an internal letter outlining several of the Geely-owned marque’s goals. In addition to introducing two new EV models this year, ZEEKR is planning to enter key markets in Europe. It makes us wonder if the US could soon be next.

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NIO and CATL deepen partnership to advance battery longevity, expand to new markets

NIO CATL

EV automaker NIO and world leader in battery manufacturing CATL held a signing ceremony in China this week in which the two companies deepen an existing relationship in order to improve EV battery supply chains, advance new EV brands and their respective technology, all while expanding to new markets. Here’s the latest.

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The US just made a big decision about Chinese solar – here’s what it means

Chinese solar

The US Department of Commerce (DOC) has determined that four out of eight Chinese solar companies that it’s been investigating are “attempting to bypass US duties by doing minor processing in one of the Southeast Asian countries before shipping to the United States.” Here’s what it means for the US solar industry.

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BYD sold 161% more EVs in China than same time last year, entering new markets with growth momentum

BYD EVs

Chinese automaker Build Your Dreams (BYD) continues to stake its case for worldwide attention as it reports tremendous year-over-year EV sales growth for yet another consecutive month. When looking at the company’s growth since 2020 and its recent expansion into new markets outside of China, BYD should be on your radar as a contender to become a globally recognized EV brand.

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