EV
Startup REECH AUTO introduces government-backed firm as majority shareholder
Startup REECH AUTO introduces government-backed firm as majority shareholder

REECH AUTO has introduced a new shareholder backed by Henan provincial government, making it the first Chinese EV startup held by government-owned investor.

Mar. 24 , 2020
Evergrande Health expected to record 2019 net loss of RMB3.2 bln in NEV business
Evergrande Health expected to record 2019 net loss of RMB3.2 bln in NEV business

On March 22, Evergrande Health, a listed subsidiary of Evergrande Group, warned of a year-on-year widened net loss in 2019 due to its investment in new energy vehicle (NEV) business.

Mar. 23 , 2020
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2019 Financial Results

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, on Mar. 18 announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019.

Mar. 18 , 2020
NIO delivers 707 vehicles in February 2020
NIO delivers 707 vehicles in February 2020

NIO delivered 707 vehicles in February 2020, consisted of 671 ES6s, the Company’s 5-seater high-performance premium electric SUV, and 36 ES8s, the Company’s 7-seater high-performance premium electric SUV and its 6-seater variant.

Mar. 10 , 2020
Xpeng P7 boasts 706km NEDC range, verified by MIIT of China
Xpeng P7 boasts 706km NEDC range, verified by MIIT of China

The Xpeng P7 intelligent sports sedan’s driving range was verified at NEDC 706km.

Mar. 7 , 2020
100,000th BYD Yuan EV rolls off production line
100,000th BYD Yuan EV rolls off production line

The 100,000th BYD Yuan EV has rolled off the production line, said the Shenzhen-based automaker, a new milestone for BYD’s NEV offensive.

Mar. 5 , 2020