BYD’s revenue advanced 20.23% over the previous year to RMB 54.151 billion during the first half of 2018. The net profit of BYD plunged 72.19% from a year ago to RMB 479.1 million, according to BYD’s interim financial report released on Aug. 29.
Aug. 30 , 2018
Chinese EV startup CHJ Automotive recently signed an agreement with Chongqing Liangjiang New Area, saying that the start-up will invest RMB 10 billion to build an intelligent automobile manufacturing base in Chongqing.
Aug. 29 , 2018
In order to boost the development of NEV business, Changan Automobile announced on Aug. 28 that it plans to reorganize internal assets and transfer part of NEV-related assets, business and staff members to its wholly-owned subsidiary.
Aug. 29 , 2018
On Aug. 21, Chinese EV startup NIO reportedly had suffered substantial valuation shrink, which only ranged between $8 billion and $10 billion, $ 27 to 29 billion less than the previous valuation of $ 37 billion.
Aug. 23 , 2018
On Aug. 22, Youxia Motors announced the completion of $ 350 million series B+ funding round, which was totally invested by Gezhi Capital. In the meantime, Gezhi Capital also became the second largest shareholder of Youxia Motors.
Aug. 22 , 2018
The NIO ES6, a five-seat high-end pure electric SUV to be based on the same platform as the ES 8, will be priced between RMB 180,000 and RMB 200,000 and hit the market in the first half of 2019.
Aug. 21 , 2018