[development and Reform Commission: fair qualification for new energy vehicle new production capacity] on October 26, the National Development and Reform Commission said to the outside world that the "implementation opinions" had put forward a number of pragmatic new measures in supporting private enterprises, such as further increasing credit support to private enterprises, and requiring fair qualification, certification and recognition for the new production capacity of new energy vehicles, commercial vehicles, and other industries in line with market access requirements. No additional preconditions shall be set, etc. "View details
[Tesla's investment in new cars and factories could reach up to $12 billion in the next two years] Tesla reportedly updated his capital expenditure guidelines, confirming that investment in his new electric vehicle model and battery plant will be as high as $12 billion over the next two years. This marks the company's increased investment in order to increase the production capacity of electric vehicles. During a conference call on earnings in the third quarter of 2020, Tesla's chief financial officer, Zachary Kirkhorn, said the company was increasing its planned capital expenditure. "View details
[Tesla's new US factory produces electric trucks and sports cars] Tesla disclosed that the vehicle assembly plant planned to be built in the United States is currently planned to produce electric truck Tesla Semi and electric sports car Roadster.
On October 22, Funeng Technology announced that the company has recently received a project order letter from Zhejiang Chunfeng Power Co., Ltd. (hereinafter referred to as "Chunfeng Power"), regarding the company as the battery supplier for its six vehicle platforms. According to the forecast, the above project cycle is 5-8 years, some models will be mass produced from 2021, the average annual supply demand is expected to exceed 100000 units after mass production, and the total electricity demand is expected to exceed 5GWh. "View details
[SAIC-Volkswagen MEB plant was completed and put into production in Shanghai today] this new SAIC-Volkswagen vehicle base is the world's first newly built MEB (pure electric vehicle modularization) platform plant with an investment of 17 billion yuan by Volkswagen Group. Behind it, Volkswagen Group has invested about $7 billion in developing a modular production platform for MEB pure electric vehicles, and Volkswagen has also announced that it will invest $50 billion in the next five years from 2020 to promote the entire group to be electrified.
[Dongfeng Motor receives 186 million subsidy for New Energy vehicles] on October 26, Dongfeng Motor announced that the company recently received a national subsidy of 186 million yuan for the promotion of new energy vehicles, which will directly write off the company's accounts receivable and will not affect the company's current profits and losses.
[Nippon Electric plans to occupy 40% market share of electric vehicle motor by 2030] on October 27, the chairman of Nippon Electric Power Co., Ltd. plans to occupy 40% to 45% of the global market share of electric vehicle motors by 2030, equivalent to the size of 10 million electric vehicles. Nippon Electric has previously said it aims to reach 35 per cent of the global market for drive motors for electric vehicles by 2030. Nippon Electric has raised its previous market target.
