News
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile
Baoneng Group to accept 50% stake in CAPSA from Changan Automobile

Chongqing Changan Automobile Co., Ltd (Changan Automobile) said it has agreed to sell 50% stake in a joint venture with Groupe PSA to a subsidiary of Baoneng Automobile Co.,Ltd at a value of RMB1.63 billion.

Jan. 2 , 2020
Baidu wins 40 licenses to test self-driving vehicles carrying passengers
Baidu wins 40 licenses to test self-driving vehicles carrying passengers

Chinese multinational technology company Baidu announced on December 30 it was granted 40 road test licenses for passenger-carrying autonomous driving by regulators in Beijing.

Dec. 31 , 2019
Enovate’s first production model ME7 rolls off production line
Enovate’s first production model ME7 rolls off production line

Enovate’s first pure electric model ME7 rolled off the production line at the startup’s Shaoxing plant on 28 December.

Dec. 31 , 2019
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant
ARCFOX’s first pre-production car rolls off the production line at BAIC-Magna Zhenjiang plant

On December 30, the first pre-production car under ARCFOX, a premium BEV brand of BAIC BJEV, officially rolled off the production line at the Zhenjiang plant co-founded by BAIC and Magna.

Dec. 31 , 2019
NIO Inc. Reports Unaudited Third Quarter 2019 Financial Results
NIO Inc. Reports Unaudited Third Quarter 2019 Financial Results

NIO Inc., a pioneer in China's premium electric vehicle market, today announced its unaudited financial results for the third quarter ended September 30, 2019.

Dec. 30 , 2019
NIO Capital’s US dollar fund closes first fundraising of over $200 million
NIO Capital’s US dollar fund closes first fundraising of over $200 million

NIO Capital, an investment firm founded by leading Chinese EV maker NIO, announced on December 30 its US dollar fund (Eve ONE L.P.) has completed the first fundraising with over $200 million collected from a number of world’s leading investors.

Dec. 30 , 2019