EV
Nio reported to hire banks for IPO in U.S.
Nio reported to hire banks for IPO in U.S.

Nio, a Chinese electric vehicle startup, has hired eight banks to work on its initial public offering in the United States this year as planned.

Feb. 28 , 2018
BYD sees 20% net profit drop in 2017
BYD sees 20% net profit drop in 2017

BYD released its 2017 financial results on Feb. 26, showing that the carmaker posted a YoY revenue growth of 2.34% to RMB 105.89 billion in 2017. However, the net profit attributable to the shareholders of listed companies reached RMB 4.06 billion, f

Feb. 27 , 2018
Zhongli adds investment in Shenzhen BAK Power Battery
Zhongli adds investment in Shenzhen BAK Power Battery

Jiangsu Zhongli Group announced that it has signed letter of intent with Shenzhen BAK Battery and a company in Tibet to acquire their stakes in Shenzhen BAK Power Battery.

Feb. 27 , 2018
China to set up recycling system for NEV power battery in 2018
China to set up recycling system for NEV power battery in 2018

MIIT issued a notice, which outlines key work points for the industrial energy saving and comprehensive utilization in 2018. The following are the key points for new energy vehicle segment.

Feb. 24 , 2018
Dongfeng Peugeot Citroen to release new self-owned models
Dongfeng Peugeot Citroen to release new self-owned models

Dongfeng Peugeot Citroen Automobile Company LTD (DPCA) will set up a self-owned JV brand dubbed Fukang New Generation, according to Su Weibin, general manager of the company.

Feb. 24 , 2018
Analysis of 2018 national NEV policy
Analysis of 2018 national NEV policy

The 2018 national NEV subsidy policy was announced recently.

Feb. 23 , 2018