Yangtze River Automobile Group, a Chinese electric vehicle (EV) manufacturer, recently declared bankruptcy. The company was once called Asia’s largest new energy vehicle manufacturer, and had acquired land in several big cities to build its manufacturing bases. However, it went bankrupt at a time when the EV industry is thriving. Insiders told Chinese media that…
China’s New Energy Vehicle ‘Star’ Company Goes Bankrupt Despite Hefty Subsidies
August 27, 2022
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ChinaChina Business & EconomyChinese RegimeElectric carsgovernment subsidiesnew energy vehicle (NEV)
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South Korea’s Battery Giants Forced to Increase Prices Due to Price Hike of Raw Materials from China
The three top battery manufacturers in South Korea will have to increase the prices of their products soon because the cost of raw materials from China has skyrocketed since the beginning of last year. South Korea’s output of rechargeable batteries comprises nearly half of the global production, but the country’s key battery materials are heavily…
Used Car Battery Problems Take Shine Off China’s ‘Green’ New Energy Vehicles
In the last decade, China has rapidly expanded its “green” new energy vehicle (NEV) industry but recycling and disposing of hundreds of thousands of tons of used car batteries has become a pressing issue due to environmental concerns. Growth in China’s NEV industry took off in 2014 when nearly 78,500 NEVs were produced and some…
Before Debt Woes, China Evergrande’s Ambitious Car Making Goals Stunned Industry
October 19, 2021
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Business & EconomyChinaChina Business & Economychina evergrandeCompaniesEconomiesHong Kongnew energy vehicle (NEV)
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SHANGHAI/HONG KONG—At the Shanghai Auto Show in April, the booth for China Evergrande Group’s new energy vehicle (NEV) was hard to miss. One of the largest exhibits at the event, in a prime spot opposite BMW, the property developer-backed unit showed off nine concept vehicle models under its brand “Hengchi,” which translates to “eternally speeding.”…
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