On August 9, the Guangdong government issued the Fourteenth Five-Year Plan for the High-Quality Development of Manufacturing in Guangdong Province. The plan proposes accelerating the development of new energy vehicles and improving the R&D of hybrid vehicles, pure electric vehicles, and hydrogen fuel cell vehicles. The province will also focus on increasing the R&D of motors, batteries and electronic control systems and speed up building supporting infrastructure for new energy vehicles. By 2025, the business revenue of the automobile manufacturing industry is expected to exceed 1.1 trillion yuan, forming an…

According to the MoU, the cooperation will reflect Geely’s strategy of opening up its vehicle structure and accelerate the launch of Renault’s “Renaulution Plan” in China and South Korea.

By 2023, it will build a total of 38,000 electric vehicle charging piles, with a total charging capacity of 1.6 million kilowatts.

Shiyan has been a major centre of the automobile industry in China, previously serving as the headquarters of Dongfeng Motors, a major Chinese truck, bus, and heavy goods vehicle company.