EV
BAIC BluePark forecasts annual net loss of up to 5.3 billion yuan in 2021
BAIC BluePark forecasts annual net loss of up to 5.3 billion yuan in 2021

BAIC BluePark New Energy Technology Co.,Ltd. (called “BAIC BluePark” for short), the parent of Chinese NEV maker BAIC BJEV, claimed on Jan. 29 it is likely to record a net loss of 4.8 billion yuan to 5.3 billion yuan in 2021.

Jan. 29 , 2022
Farasis Energy’s 2021 net loss forecasted to widen to 1.1 billion yuan
Farasis Energy’s 2021 net loss forecasted to widen to 1.1 billion yuan

Farasis Energy (GanZhou) Co., Ltd. forecasted on Jan. 29 a net loss of 800 million yuan ($125.76 million) to 1.1 billion yuan ($173 million) attributable to shareholders for the year of 2021.

Jan. 29 , 2022
XPeng, Li Auto surpass NIO by 2021 registrations
XPeng, Li Auto surpass NIO by 2021 registrations

The top 6 China’s indigenous NEV startups all recorded highest-ever monthly registrations in Dec. 2021.

Jan. 28 , 2022
BYD to build industrial park in Hubei’s Xiangyang for power battery, NEV parts production
BYD to build industrial park in Hubei’s Xiangyang for power battery, NEV parts production

BYD signed a framework agreement earlier this week with the municipal government of Xiangyang city, Hubei province to promote the construction of an industrial park that works on production of power batteries, auto parts, and other businesses.

Jan. 27 , 2022
Sokon Group initiates private placement to develop EV models
Sokon Group initiates private placement to develop EV models

Chongqing Sokon Industry Group Stock Co., Ltd. (Sokon Group), the holding company of the auto brand, SERES, is planning to raise RMB7.13 billion ($1.125 billion) through private placement.

Jan. 27 , 2022
CALB to build 100GWh power battery, energy storage system bases in Guangzhou, Jiangmen
CALB to build 100GWh power battery, energy storage system bases in Guangzhou, Jiangmen

CALB signed two investment agreements this week for the plans to build power battery and energy storage system manufacturing bases in Guangzhou and Jiangmen cities of Guangdong provinces.

Jan. 27 , 2022