EV
Xpeng-backed auto parts manufacturing subsidiary founded in Shenzhen
Xpeng-backed auto parts manufacturing subsidiary founded in Shenzhen

Guangzhou Chengxing Zhidong Motors Technology Co.,Ltd. (Chengxing Zhidong), a subsidiary of Xpeng Motors, set up an auto parts manufacturing company last week.

Jan. 20 , 2021
CATL plows 1 billion yuan into new battery tech subsidiary
CATL plows 1 billion yuan into new battery tech subsidiary

Chinese power battery giant CATL founded on Jan. 14 a new battery tech company in Fuding, Fujian province.

Jan. 18 , 2021
SAIC, Alibaba-backed premium EV brand “IM” makes world’s debut
SAIC, Alibaba-backed premium EV brand “IM” makes world’s debut

The premium auto brand “IM” (dubbed “Zhiji Motor” in Chinese) jointly developed by SAIC Motor, Alibaba and Shanghai’s Pudong New Area was formally launched on Jan. 13. Meanwhile, two concept models under “IM” were unveiled at the same time.

Jan. 13 , 2021
GAC NIO apologizes for announcing use of digital currency without regulatory permission
GAC NIO apologizes for announcing use of digital currency without regulatory permission

GAC NIO announced on Dec. 31 via its Weibo account it will accept digital currency for payment. However, the posting was cancelled then.

Dec. 31 , 2020
November 2020 update of top 5 Chinese EV startups’ insurance registrations
November 2020 update of top 5 Chinese EV startups’ insurance registrations

For the first eleven months, China’s NEPV insurance registrations jumped 16.28% from a year ago to 901,908 units.

Dec. 30 , 2020