EV
CATL, Yongxing Materials to build joint venture for lithium carbonate smelting
CATL, Yongxing Materials to build joint venture for lithium carbonate smelting

CATL is about to build a joint venture with Yongxing Special Materials Technology Co.,Ltd., a Chinese steel products producer for the investment in a lithium carbonate manufacturing project.

Jan. 27 , 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
NIO builds insurance brokerage subsidiary
NIO builds insurance brokerage subsidiary

NIO recently set up a subsidiary working on insurance brokerage business, a move in response to China’s launch of NEV (new energy vehicle)-dedicated commercial insurance.

Jan. 26 , 2022
Car and City: December 2021 registrations of Li ONE
Car and City: December 2021 registrations of Li ONE

Regarding the contribution of cities, Hangzhou transcended Zhengzhou to the champion place with 971 Li ONEs registered last month.

Jan. 25 , 2022
Ganfeng Lithium’s net profit in 2021 expected to soar up to 436.76% YoY
Ganfeng Lithium’s net profit in 2021 expected to soar up to 436.76% YoY

Ganfeng Lithium announced on Monday it annual net profit attributable to shareholders in 2021 is forecasted to be 4.8 billion yuan ($757.875 million) to 5.5 billion yuan ($868.4 million), soaring 368.45% to 436.76% year on year.

Jan. 24 , 2022