Market & Industry
NIO said to start phone business
NIO said to start phone business

Probably, the Chinese company will not label the phone with other companies producing, but design and manufacture itself, the user added.

Feb. 22 , 2022
China’s NEV battery maker CALB gets 5 billion yuan of loans from banks
China’s NEV battery maker CALB gets 5 billion yuan of loans from banks

On Feb. 21, China Lithium Battery Technology Co., Ltd. (“CALB”) signed a cooperation agreement with several banks (“the bank group”), who agreed to issue 5 billion yuan ($790.551 million) worth of loans to the power battery maker.

Feb. 22 , 2022
Beijing Hyundai Chongqing factory said to face downtime
Beijing Hyundai Chongqing factory said to face downtime

Beijing Hyundai’s Chongqing factory is reportedly in production halt for months, a person inside Beijing Hyundai told a local media outlet.

Feb. 22 , 2022
SAIC Volkswagen gets two land plots to build MEB plant’s supporting facility
SAIC Volkswagen gets two land plots to build MEB plant’s supporting facility

SAIC Volkswagen, the joint venture between Volkswagen Group and SAIC Motor, has obtained the right to use two land plots for building a supporting operation center in Anting town.

Feb. 21 , 2022
Sokon Group projects net loss in billions in 2021, due to heavy investments in SERES
Sokon Group projects net loss in billions in 2021, due to heavy investments in SERES

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the parent company of the auto brand SERES, recently released its 2021 annual performance projection report with an estimated annual loss posted.

Feb. 21 , 2022
China adds about 31,000 public charging piles in January, up 772.6% YoY
China adds about 31,000 public charging piles in January, up 772.6% YoY

By the end of January 2022, there were 2.731 million charging piles deployed across China, up 59.1% from the same period of 2021, according to the China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA).

Feb. 21 , 2022