According to the China Insurance Regulatory Commission (CIRC), the so-called first-tier startups—NIO, Li Auto, WM Motor, Xpeng Motors and HOZON Auto—accounted for nearly 90% of the June insurance registrations of the Chinese startup-made NEVs.
Jul. 29 , 2020
Dongfeng Motor Group Company Limited, a HK-listed company engaged in auto-related businesses, said on Jul. 27 it intends to file for an initial public offering of RMB ordinary shares and go public on the Shenzhen Stock Exchang’s ChiNext Market.
Jul. 28 , 2020
The Board of Evergrande Health Industry Group Limited proposes to change the name of the company to “China Evergrande New Energy Vehicle Group Limited”, as the NEV has become its most important business.
Jul. 27 , 2020
On July 21, EVE Energy announced that its subsidiary EVE Power Co.,Ltd. has received a statement of intent to cooperate which said BMW Brilliance Automotive Ltd. is interested in partnering with EVE Power to let the latter be its battery supplier.
Jul. 22 , 2020
HOZON Auto, a Chinese EV startup operates a brand that is homonymous with the teen hero of Chinese mythology “Nezha”, has initiated its Series C funding round, and plans to go public on China's Nasdaq-style sci-tech innovation board.
Jul. 21 , 2020
Xpeng Motors announced on July 20 the signing of its Series C+ financing of around US$500 million with a group of investors including Aspex, Coatue, Hillhouse and Sequoia Capital China.
Jul. 20 , 2020