Beijing plans to increase 20,000 NEV (new energy vehicle) license plates at one go in the second half of 2020, which will be all allocated to car-free families, according to a draft regulation released by Beijing Municipal Commission of Transport.
Jun. 1 , 2020
UCAR, a Chinese app-based chauffeured car service provider, signed on May 31 a non-legally binding strategic cooperation agreement with BAIC Group, pursuant to which the latter will acquire no more than 450,790,855 shares from UCAR.
Jun. 1 , 2020
Chinese EV startup Xpeng Motors founded a sales & service subsidiary on May 26 which involves a registered capital of 10 million yuan ($1,401,090), according to the business data search platform Tianyancha.
Jun. 1 , 2020
China’s ride-hailing giant Didi Chuxing (DiDi) has closed a fundraising round of over $500 million for its autonomous driving subsidiary, a local media outlet reported on May 29.
May 29 , 2020
Geely Auto announced on May 29 it has signed an agreement with placing agents, pursuant to which the latter agreed to make their best efforts to have placees procure 600,000,000 placing shares at the price of HK$10.8 per share.
May 29 , 2020
Volkswagen Group agreed to purchase 50% stake in Anhui Jianghuai Automobile Group Holdings Limited, the company parent of Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors).
May 29 , 2020