EV
WM Motor replaces majority shareholder, but not for IPO purpose
WM Motor replaces majority shareholder, but not for IPO purpose

WM Motor, a Chinese electric carmaker, recently got its majority shareholder changed from WM Smart Mobility Technology (Shanghai) Co.,Ltd to a Suzhou-based company who has currently wholly owned the startup.

Sep. 17 , 2019
Tianjin to let hydrogen fuel cell industry take off
Tianjin to let hydrogen fuel cell industry take off

Tianjin, a coastal metropolis in Northern China, intends to initially build a complete industrial chain of hydrogen fuel by 2022 with an expected annual output value exceeding RMB10 billion.

Sep. 17 , 2019
Roundup: August NEV sales of China’s major OEMs
Roundup: August NEV sales of China’s major OEMs

NEV sales volume of China's mainstream OEMs.

Sep. 16 , 2019
NIO to issue $200 million worth of convertible notes to its chairman, Tencent
NIO to issue $200 million worth of convertible notes to its chairman, Tencent

Chinese EV startup NIO announced on September 5 it would issue and sell convertible notes in an aggregate principal amount of US$200 million to the investors through a private placement.

Sep. 5 , 2019
Jiangsu Province aims to reach China’s leading level in hydrogen vehicle industry
Jiangsu Province aims to reach China’s leading level in hydrogen vehicle industry

Jiangsu Province, an eastern-central coastal province of China, is ambitious to be the country’s leading development base of hydrogen fuel cell vehicles, the provincial government stated recently.

Sep. 4 , 2019