Market & Industry
NIO announces $235 million private placements of short-term convertible notes
NIO announces $235 million private placements of short-term convertible notes

NIO will issue and sell convertible notes in an aggregate principal amount of US$235 million to several unaffiliated Asia-based investment funds through private placements.

Mar. 5 , 2020
Geely’s Geometry launches policy to boost vehicle resale value
Geely’s Geometry launches policy to boost vehicle resale value

Geometry, the BEV-focused brand of Geely Auto, is trying to gain more consumers by means of various incentive policies.

Mar. 5 , 2020
China PV retail sales estimated to slump 41% for first two months
China PV retail sales estimated to slump 41% for first two months

China PV deliveries for the first two months are estimated to slump 41% year on year.

Mar. 4 , 2020
Geely kicks off satellite project in Taizhou, targets satellite deployment for commercial use
Geely kicks off satellite project in Taizhou, targets satellite deployment for commercial use

Geely Technology Group, the technology development arm of Zhejiang Geely Holding Group (Geely Holding), celebrated on Mar. 2 the first spade cut for a satellite R&D base in Taizhou, Zhejiang province.

Mar. 3 , 2020
China’s Vehicle Inventory Alert Index surges to 81.2% in Feb.
China’s Vehicle Inventory Alert Index surges to 81.2% in Feb.

China’s VIA (Vehicle Inventory Alert Index) stood at 81.2% in February, a month-on-month jump of 29.5 percentage points and a year-on-year leap of 27.7 percentage points, according to the China Automobile Dealers Association (CADA).

Mar. 3 , 2020
Former VW’s executive named as new president of Polestar China
Former VW’s executive named as new president of Polestar China

Premium EV brand Polestar announed on March 2 that Gao Hong has been named as the president of Polestart China, effective March 16, 2020.

Mar. 2 , 2020