Porsche announced its exit from Volkswagen Group's emissions pool, instead forming a 2026-2027 EU emissions pool with Chinese EV maker XPeng. This marks the first time a Chinese OEM has participated in the EU carbon trading system.
4351 day ago
At the 2026 China Auto Forum, data showed 100% ESG report disclosure among 430 mandatory reporting companies. Geely established a 2045 full value chain carbon neutrality goal with 26 green factories.
42323 days ago
On July 15, 2026, NBS Deputy Director Mao Shengyong stated at a State Council press conference that H1 NEV retail penetration exceeded 60% for three consecutive months, driving lithium-ion battery output up 39.3%, with new growth drivers contributing over 40% of economic growth.
59532 days ago
According to China's Ministry of Public Security, the country's NEV fleet reached 48.97 million vehicles by end of June 2026, with 5.195 million new registrations in the first half, marking a 31% year-on-year increase.
28133 days ago
Hainan Province released its 15th Five-Year Plan for Ecological Civilization, reaffirming the 2030 ban on new gasoline vehicle sales. NEVs will account for 45% of the fleet, with a vehicle-to-charger ratio within 2.5:1. Hainan becomes China's first province to set an ICE phase-out timeline.
30134 days agoThe US withdrew from the Paris Agreement for the second time, while the EU postponed its 2035 ICE ban. Yet the Shanghai International Low Carbon Smart Mobility Exhibition, with nearly 200 exhibitors and 40+ brands, tells a different story. Carbon tariffs have become an unavoidable hard constraint for Chinese automotive exports.
45234 days ago
The "15th Five-Year Plan" Carbon Peak Action Plan was officially released, setting clear targets for the transportation sector: NEV stock ratio to reach 30% by 2030, and new energy commercial vehicle stock ratio to reach 25%. As of end-2025, China's NEV stock ratio was approximately 12%, requiring more than doubling over five years. The plan also calls for scaled development of new energy storage and accelerated ultra-high voltage transmission construction.
60038 days ago
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