China's state-run auto group GAC Group announced on Mar. 22 its board of directors has agreed the plan to build an energy subsidiary, as part of efforts to strengthen the building of EV power network and ultimately achieve carbon neutrality.
Mar. 22 , 2022
NIO Capital, a Chinese investment firm sponsored by NIO, announced on Mar. 20 the final closing of its flagship fund, Eve ONE Fund II L.P. (“the Fund II”), at around $400 million.
Mar. 22 , 2022
Chinese main power battery suppliers, CATL and Farasis Energy, recently confirmed their adjustment on battery prices due to the hike in raw materials prices.
Mar. 21 , 2022
Sunwoda EVB will sign an agreement with the government of Shifang, a county-level city of China’s Sichuan province, for a power battery manufacturing project.
Mar. 18 , 2022
HOZON Auto announced on March 18 it has lifted prices of several models by 3,000 yuan ($470) to 5,000 yuan ($790) due to multiple factors like the increase in prices of raw materials and supply constraints.
Mar. 18 , 2022
GAC AION, the new energy vehicle (NEV)-dedicated arm of GAC Group, has already completed a new round of capital increase with a total of 2.566 billion yuan ($403.51 million) raised, the NEV maker announced on March 17.
Mar. 17 , 2022