Liao Bing, founder and CEO of GAC NIO, resigned on Jan. 22 as chief executive officer (CEO) of GAC NIO and dropped all administrative duties at the company’s subsidiaries, according to a posting on Liao’s Weibo account.
Jan. 27 , 2021
Lifan Technology (Group) Co.,Ltd., whose predecessor is Lifan Industry (Group) Co.,Ltd., was inaugurated on Jan. 25 and formally introduced from Geely Technology Group a new model available for swappable batteries.
Jan. 26 , 2021
Xpeng Motors plans to launch its third production model in 2021 and the vehicle is expected for delivery as early as this year’s fourth quarter, according to a media outlet, citing Brian Hongdi Gu, Vice Chairman and President of Xpeng Motors.
Jan. 26 , 2021
Great Wall Motor intends to issue convertible bonds worth not more than 8 billion yuan ($1.235 billion) with the net proceeds to be evenly invested in the R&D of new vehicle models and automobile digitalization.
Jan. 25 , 2021
Evergrande Auto, the NEV arm of Chinese real estate giant China Evergrande Group, announced on Jan. 24, it agreed with six investors to allot and issue a total of 952,383,000 shares, raising an aggregate of HK$26 billion ($3.354 billion).
Jan. 25 , 2021
Affected by the impact of coronavirus outbreak in the first quarter, five major publicly-traded Chinese automobile groups suffered decrease in annual sales.
Jan. 23 , 2021