Market & Industry
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
Dongfeng expected to log 60% YoY slump in H1 net profit due to pandemic hit
Dongfeng Motor Group Company Limited expects to record a roughly 60% year-on-year plunge in net profit for the first half of 2020.
Aug. 26 , 2020
FAW-Volkswagen’s JETTA sales top 100,000 units from Jan. to mid-Aug.
Chinese car manufacturing joint venture FAW-Volkswagen (FAW-VW) said the year-to-date sales volume of its entry-level sub-brand JETTA has exceeded 10,000 units as of mid-August.
Aug. 25 , 2020
Startup BYTON said to register new tech company after suspending China operations
Chinese EV startup BYTON has applied for the registration of a new technology company dubbed “Shengteng”, which is likely to snag an operating license at the end of August, according to a local media outlet.
Aug. 25 , 2020