China ev news

Here are some recent news and updates on electric vehicles (EVs) in China:

Government Policies and Incentives

• China has set a target to have 50% of new car sales be electric by 2025.
• The government has extended its EV subsidy program until 2022, with a total budget of 60 billion yuan (around $8.7 billion).
• China has also introduced a new policy to encourage the development of EV charging infrastructure, with a focus on high-power charging corridors along highways.

Industry Developments

• BYD, a Chinese automaker, has launched its new Tang electric SUV, which has a range of over 300 miles (483 km) on a single charge.
• Geely, another Chinese automaker, has launched its new Geometry A electric sedan, which has a range of over 250 miles (402 km) on a single charge.
• NIO, a Chinese EV startup, has launched its new ES6 electric SUV, which has a range of over 300 miles (483 km) on a single charge.
• XPeng, a Chinese EV startup, has launched its new G3 electric SUV, which has a range of over 250 miles (402 km) on a single charge.

Charging Infrastructure

• China has over 150,000 public EV charging points, with a goal of reaching 500,000 by 2025.
• State Grid Corporation of China, the country's largest power grid operator, has launched a new high-power charging network along highways, with a goal of having 10,000 charging points by 2025.
• China's largest EV charging network, ChargePlus, has partnered with several automakers to expand its charging network.

Market Trends

• China's EV market has seen rapid growth in recent years, with over 500,000 EVs sold in 2020.
• The country's EV market is expected to continue growing, with some estimates suggesting that it could reach 1 million EVs sold per year by 2025.
• China's EV market is also becoming increasingly competitive, with several international automakers, such as Volkswagen and Tesla, entering the market.

Other News

• China has launched a new initiative to promote the development of EVs in rural areas, with a focus on improving charging infrastructure and promoting the use of EVs in rural transportation.
• The country's Ministry of Industry and Information Technology has launched a new program to promote the development of EV batteries, with a focus on improving battery technology and reducing costs.