GAC AION, the new energy vehicle (NEV)-dedicated arm of GAC Group, has already completed a new round of capital increase with a total of 2.566 billion yuan ($403.51 million) raised, the NEV maker announced on March 17.
Mar. 17 , 2022
Rockets Capital, a China-based private equity firm focusing on investments in the smart energy vehicle (EV) supply chain, announced on March 17 it has closed its first round of over $200 million in capital commitments, which was led by XPeng.
Mar. 17 , 2022
On March 17th, Tesla issued a price rise on the RWD Model Y in China, marking the EV maker’s third price within a week.
Mar. 17 , 2022
Tesla bumped up prices of some versions of the China-made Model 3 and Model Y by 18,000 yuan ($2,830) to 20,000 yuan ($3,145), according to the information updated on March 15 on Tesla China's website.
Mar. 15 , 2022
Evergrande Auto, the EV unit of Chinese property developer Evergrande Group, has been permitted to sell the Hengchi 5, as the BEV model was listed in the newest Announcement on On-road Vehicle Manufacturers and Products issued by China's MIIT.
Mar. 14 , 2022
Chinese power battery maker Sunwoda Electric Vehicle Battery Co., Ltd. (“Sunwoda EVB”) on March 11 signed an agreement with Zhuhai municipal government for the investment in a battery manufacturing project.
Mar. 14 , 2022