Market & Industry
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant

On December 30, the first pre-production car under ARCFOX, a premium BEV brand of BAIC BJEV, officially rolled off the production line at the Zhenjiang plant co-founded by BAIC and Magna.

Dec. 31 , 2019
NIO Capital’s US dollar fund closes first fundraising of over $200 million
NIO Capital’s US dollar fund closes first fundraising of over $200 million

NIO Capital, an investment firm founded by leading Chinese EV maker NIO, announced on December 30 its US dollar fund (Eve ONE L.P.) has completed the first fundraising with over $200 million collected from a number of world’s leading investors.

Dec. 30 , 2019
Tesla hands over first batch of Shanghai-built Model 3 cars to employees
Tesla hands over first batch of Shanghai-built Model 3 cars to employees

On December 30, the first batch of China-built Tesla is handed over to 15 Tesla employees at the startup’s first manufacturing plant outside the U.S.—Shanghai-based Gigafactory 3, Tesla announced via its social media platform.

Dec. 30 , 2019
Toyota presses ahead with electrification, mobility service in China
Toyota presses ahead with electrification, mobility service in China

Toyota, the old-line automaker obviously knows that the “four trends” (electrification, intelligence, connectivity and sharing) are crucial to its long-term sustainable development in this country.

Dec. 30 , 2019
HYCAN's first production model "007" priced from RMB260,000 for presale
HYCAN's first production model "007" priced from RMB260,000 for presale

HYCAN, the EV brand launched by GAC NIO New Energy Automotive Co.,Ltd (GAC NIO), officially announced the name of its long-waited first mass-produced model.

Dec. 27 , 2019
China-built Tesla Model 3 exempted from vehicle purchase tax on NEVs
China-built Tesla Model 3 exempted from vehicle purchase tax on NEVs

The Model 3 locally-produced by Tesla (Shanghai) Co.,Ltd has been exempted from the vehicle purchase tax on NEVs, according to a filing released by China’s Ministry of Industry and Information Technology (MIIT) on December, 27.

Dec. 27 , 2019