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NIO adds used car distribution, brokerage onto business scope
NIO adds used car distribution, brokerage onto business scope

Shanghai NIO Automobile Sale Service Co.,Ltd., a wholly-owned subsidiary of NIO (Anhui) Holding Ltd., has added the distribution and brokerage of used cars on to its business scope, according to the corporate data platform Tianyancha.

Jul. 27 , 2020
【June, 2020】China Passenger Vehicle Sales Analysis
【June, 2020】China Passenger Vehicle Sales Analysis

Better than expectation, PV wholesales in June showed 1.77 mn units in June 2020, up by 1.7% YoY.

Jul. 27 , 2020
Luxury auto brands move ahead of China’s overall PV sales recovery
Luxury auto brands move ahead of China’s overall PV sales recovery

Luxury brands defied the overall downward trend with their deliveries jumping 27% from a year ago to 246,236 units, versus the 5.1% and 17.3% decline in the sales of mainstream JV brands and China’s self-owned brands.

Jul. 27 , 2020
NIO’s 3rd production model EC6 hits market with price starting at 368,000 yuan before subsidy
NIO’s 3rd production model EC6 hits market with price starting at 368,000 yuan before subsidy

EV innovator NIO’s third mass-produced model, the NIO EC6, went on sale at the Chengdu Motor Show 2020 with three variants offered at one go. The vehicle is sold at the pre-subsidy prices ranging from 368,000 yuan ($52,542) to 526,000 yuan ($75,101).

Jul. 24 , 2020
Great Wall Motor’s net profit tumbles 24.02% in virus-hit first half of 2022
Great Wall Motor’s net profit tumbles 24.02% in virus-hit first half of 2022

Great Wall Motor’s financial preview shows that its gross revenue for the first six months added up to 35.929 billion yuan ($5,129,856,390), sliding 13.17% over a year ago.

Jul. 24 , 2020
NIO said to build battery asset management company to boost separation of battery, vehicle
NIO said to build battery asset management company to boost separation of battery, vehicle

Chinese EV startup plans to set up a subsidiary focusing on managing its battery assets and correspondingly launch BaaS (Battery as a Service) products, people with knowledge of the plan said.

Jul. 23 , 2020