EV
New BAIC EC 3 officially launched, priced from RMB 65,800
New BAIC EC 3 officially launched, priced from RMB 65,800

BAIC BJEV officially launched the EC 3, an economic battery electric vehicle at the Chengdu Motor Show 2018. With a range of 261 kilometers, the EC3 offers two variants, priced from RMB 65,800 after subsidies

Sep. 3 , 2018
MIIT: China to develop demonstration area for fuel cell vehicles
MIIT: China to develop demonstration area for fuel cell vehicles

MIIT will focus on the implementation of dual-credit policy, completion of NEV subsidy policy system, conduction of demonstration operation for fuel cell vehicles and the enhancement of NEV safety management.

Sep. 3 , 2018
BYD suffers YoY net profit plunge of 72.19% in H1
BYD suffers YoY net profit plunge of 72.19% in H1

BYD’s revenue advanced 20.23% over the previous year to RMB 54.151 billion during the first half of 2018. The net profit of BYD plunged 72.19% from a year ago to RMB 479.1 million, according to BYD’s interim financial report released on Aug. 29.

Aug. 30 , 2018
NIO denies to go public on Sept. 18 on New York Stock Exchange
NIO denies to go public on Sept. 18 on New York Stock Exchange

Chinese EV startup NIO will reportedly go public on the New York Stock Exchange on Sept. 18. With a market valuation of $ 6 to 8 billion, NIO will raise $ 1 billion to finance its NEV development.

Aug. 24 , 2018
Sokon approves proposal of equity incentive in subsidiary
Sokon approves proposal of equity incentive in subsidiary

Chongqing Sokon Industry Group Stock Co., Ltd (Sokon) announced on Aug. 21 that the board of directors approved the proposal on adopting equity incentive for senior executives in its subsidiary, Jinkang New Energy Automotive Co., Ltd.

Aug. 23 , 2018
NIO has reportedly $37 billion valuation shrunk $29 billion
NIO has reportedly $37 billion valuation shrunk $29 billion

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