EV
CATL forecasts 140%-170% year on year growth in Q1 net profit
CATL forecasts 140%-170% year on year growth in Q1 net profit

On April 8, CATL released a review of its performance in the first quarter of 2019, with an expected net profit ranging from RMB992 million to RMB1.16 billion attributable to shareholders of the public company, surging 140% to 170% year on year.

Apr. 9 , 2019
GAC NIO said to initiate Series A round fundraising
GAC NIO said to initiate Series A round fundraising

GAC NIO New Energy Automobile Co.,Ltd (GAC NIO) is ready to initiate its Series A round fundraising, according to a local media outlet.

Apr. 8 , 2019
Nissan Confirms Sale Of Battery Business To Envision Group
Nissan Confirms Sale Of Battery Business To Envision Group

Nissan announced that the sale of its battery business to Envision Group, announced in summer 2018, was completed.

Apr. 4 , 2019
China issues new NEV subsidy policy with higher tech thresholds, reduced subsidy amounts
China issues new NEV subsidy policy with higher tech thresholds, reduced subsidy amounts

Chinese authorities on March 26 unveiled a tougher new energy vehicle (NEV) subsidy policy to boost a high-quality development of NEV industry.

Mar. 27 , 2019
Startup Dearcc’s Enovate starts construction of NEV base with RMB5.1 bln invested
Startup Dearcc’s Enovate starts construction of NEV base with RMB5.1 bln invested

Enovate, the premium car brand founded by Chinese EV startup Dearcc, officially commenced the construction of its new energy vehicle (NEV) on March 20, according to local media outlets.

Mar. 25 , 2019
BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV
BAIC BJEV, Magna ready to pour RMB2 bln in all-electric PV manufacturing JV

BAIC BluePark New Energy Technology Co.,Ltd announced on March 22 that its subsidiary BAIC BJEV and Magna International Autolaunch Ireland Ltd. are going to form a joint venture that focuses on manufacturing premium all-electric passenger vehicles (P

Mar. 25 , 2019