News
NIO China’s two Hefei-based subsidiaries record growth in registered capital
NIO China’s two Hefei-based subsidiaries record growth in registered capital

The registered capital of NIO Automobile (Anhui) Co.,Ltd., a wholly-owned subsidiary of NIO Holding Ltd., increased by 3 billion yuan ($464.684 million) to 9 billion yuan ($1.394 billion) on September 8.

Sep. 10 , 2021
China auto sales decline widens to 17.8% in August
China auto sales decline widens to 17.8% in August

Last month, new vehicle sales in China declined 17.8% from a year ago to 1.799 million vehicles and dropped 3.5% from the previous month.

Sep. 10 , 2021
Beijing Hyundai denies selling plant to Xiaomi
Beijing Hyundai denies selling plant to Xiaomi

Insiders of Beijing Hyundai stated that the rumored sale of the company’s second plant in Beijing to Xiaomi is false report, as the company has no such plans, a local media outlet reported.

Sep. 10 , 2021
GAC AION’s factory runs at full capacity despite chip crunch
GAC AION’s factory runs at full capacity despite chip crunch

GAC AION, NEV subsidiary wholly-owned by GAC Group, currently has ample orders for vehicle models of its entire product lineup and its factory is running at full capacity.

Sep. 9 , 2021
Sokon Group Aug. NEV sales skyrocket 145.69% YoY
Sokon Group Aug. NEV sales skyrocket 145.69% YoY

The Sokon Group sold 19,227 vehicles in August, with a 9.39% year-on-year raise in cumulative sales volume to 169,821 vehicles year-to-date.

Sep. 9 , 2021
BYD launches e-platform 3.0 for BEVs, debuts new concept model Ocean-X
BYD launches e-platform 3.0 for BEVs, debuts new concept model Ocean-X

On September 8, BYD officially launched its BEV-dedicated e-platform 3.0, which the company expects it to help the global smart electric vehicle (EV) industry advance faster by at least three years.

Sep. 9 , 2021