EV
CHJ Automotive to invest RMB 11 billion to build manufacturing base in Chongqing
CHJ Automotive to invest RMB 11 billion to build manufacturing base in Chongqing

Chinese EV startup CHJ Automotive recently signed an agreement with Chongqing Liangjiang New Area, saying that the start-up will invest RMB 10 billion to build an intelligent automobile manufacturing base in Chongqing.

Aug. 29 , 2018
Changan transfers NEV business, assets to wholly-owned subsidiary
Changan transfers NEV business, assets to wholly-owned subsidiary

In order to boost the development of NEV business, Changan Automobile announced on Aug. 28 that it plans to reorganize internal assets and transfer part of NEV-related assets, business and staff members to its wholly-owned subsidiary.

Aug. 29 , 2018
Tesla reportedly starts to build cars in China in 2020
Tesla reportedly starts to build cars in China in 2020

Tesla will start to make vehicles in its Shanghai plant from 2020. The initial stage will only see the production of Model 3, whose price is expected to be less than RMB 300,000, according to a local media.

Aug. 27 , 2018
Youxia Motor closes $ 350 million B+ funding round
Youxia Motor closes $ 350 million B+ funding round

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
Price of NIO ES 6 to start from RMB 180,000
Price of NIO ES 6 to start from RMB 180,000

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
32 Lynk & Co centers to be opened tonight
32 Lynk & Co centers to be opened tonight

Yi Han, executive deputy general manager of Lynk & Co Sales Company disclosed that 32 new Lynk & Co centers will be opened in 31 cities in the evening of Aug. 21.

Aug. 21 , 2018