- GAC Group plans to build energy subsidiary for power, battery recycling ecosystem
China's state-run auto group GAC Group announced on Mar. 22 its board of directors has agreed the plan to build an energy subsidiary, as part of efforts to strengthen the building of EV power network ...
Mar. 22 , 2022
- NIO Capital closes Eve ONE Fund II at about $400 million
NIO Capital, a Chinese investment firm sponsored by NIO, announced on Mar. 20 the final closing of its flagship fund, Eve ONE Fund II L.P. (“the Fund II”), at around $400 million.
Mar. 22 , 2022
- CATL, Farasis Energy confirm battery price rise due to hike in raw materials prices
Chinese main power battery suppliers, CATL and Farasis Energy, recently confirmed their adjustment on battery prices due to the hike in raw materials prices.
Mar. 21 , 2022
- Volkswagen China to set up joint ventures with Huayou Cobalt, Tsingshan Holding Group
On March 21st, Volkswagen Group China inked two memorandums of understanding with China’s Huayou Cobalt and Tsingshan Holding Group, respectively, to strengthen the auto group’s competitiveness in...
Mar. 21 , 2022
- SAIC Motor’s NEV brand Rising Auto says R7’s first PPV prototype comes off line
Rising Auto saw the first PPV (production process validation) prototype of the R7, the first flagship model of the brand after its independent operation, roll off the production line on March 21.
Mar. 21 , 2022
- Leapmotor, XPeng, WM Motor, Geely’s Geometry lift price on NEVs
Several of China’s EV startups all announced price rises on their models, including Leapmotor, WM Motor, XPeng, and Geely’s sub-brand, Geometry, during March 18th-19th.
Mar. 21 , 2022
- Sunwoda EVB to build 20GWh battery production base in Sichuan province
Sunwoda EVB will sign an agreement with the government of Shifang, a county-level city of China’s Sichuan province, for a power battery manufacturing project.
Mar. 18 , 2022
- HOZON Auto announces price rise due to raw materials price growth, supply crunch
HOZON Auto announced on March 18 it has lifted prices of several models by 3,000 yuan ($470) to 5,000 yuan ($790) due to multiple factors like the increase in prices of raw materials and supply constr...
Mar. 18 , 2022
