On Aug. 21, Chinese EV startup NIO reportedly had suffered substantial valuation shrink, which only ranged between $8 billion and $10 billion, $ 27 to 29 billion less than the previous valuation of $ 37 billion.
Aug. 23 , 2018
On Aug. 22, Youxia Motors announced the completion of $ 350 million series B+ funding round, which was totally invested by Gezhi Capital. In the meantime, Gezhi Capital also became the second largest shareholder of Youxia Motors.
Aug. 22 , 2018
The NIO ES6, a five-seat high-end pure electric SUV to be based on the same platform as the ES 8, will be priced between RMB 180,000 and RMB 200,000 and hit the market in the first half of 2019.
Aug. 21 , 2018
Great Wall Motor (GWM) New Energy officially launched its all-new brand ORA, together with its new energy strategy in Baoding, Hebei Province on Aug. 20.
Aug. 20 , 2018
The patent images of the Geely Binyue PHEV were unveiled recently. The new model is the first SUV based on Geely’s self-developed BMA (B-segment Modular Architecture).
Aug. 20 , 2018
Changan NIO New Energy Vehicle Technology Co., Ltd., a joint venture co-built by Changan Automobile and NIO, rolled in Jiangning Development Zone, Nanjing on Aug. 17.
Aug. 20 , 2018