- 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�...
Aug. 30 , 2018
- 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 ...
Aug. 29 , 2018
- 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 membe...
Aug. 29 , 2018
- 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 ...
Aug. 27 , 2018
- 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
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, Jinka...
Aug. 23 , 2018
- 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 $ ...
Aug. 23 , 2018
- 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 ...
Aug. 22 , 2018
