Market & Industry
Chongqing Changan Automobile turns losses into profits during first half of 2020
Chongqing Changan Automobile turns losses into profits during first half of 2020

For the first half of 2020, Changan’s net profit attributable to shareholders amounted to 2.602 billion yuan ($379,928,213), recording an impressive surge from the year-ago loss of 2.24 billion yuan ($327,056,065).

Sep. 1 , 2020
Mr. Scott Tolson, Former CEO of Sigmatex, Getting on Board as Vice President of HRC Group
Mr. Scott Tolson, Former CEO of Sigmatex, Getting on Board as Vice President of HRC Group

In this new position, he will mainly be in charge of the development and implementation of HRC’s global strategy for business growth, also the discovery of new business opportunities.

Sep. 1 , 2020
NIO Inc. Announces Pricing of Offering of 88,500,000 American Depositary Shares
NIO Inc. Announces Pricing of Offering of 88,500,000 American Depositary Shares

NIO Inc., a pioneer in China’s premium smart electric vehicle market, today announced the pricing of the offering of 88,500,000 American depositary shares.

Aug. 31 , 2020
NIO sustains championship among China’s NEV startups by July insurance volume
NIO sustains championship among China’s NEV startups by July insurance volume

In July, automakers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for roughly 90,403 new energy vehicles (NEVs), representing a robust surge of 166.53% from a year ago.

Aug. 31 , 2020
SAIC Motor boasts robust growth in second-quarter net profit
SAIC Motor boasts robust growth in second-quarter net profit

For the first half of 2020, SAIC Motor’s gross revenue fall 24.6% over a year ago to 283.74 billion yuan ($41,253,921,557), and its net profit attributable to shareholders tumbled 39.01% to 8.394 billion yuan ($1,220,469,194).

Aug. 28 , 2020
NIO intends to raise up to $1.722 bln by issuing 75 mln shares
NIO intends to raise up to $1.722 bln by issuing 75 mln shares

Chinese EV startup NIO announced on August 27 the outset of the offering of 75 million American depositary shares (the “ADSs”), each representing one Class A ordinary share of the company.

Aug. 28 , 2020