EV
Youxia Motors announces RMB 5 billion B-round funding
Youxia Motors announces RMB 5 billion B-round funding

Youxia Motors announced the completion of RMB 5 billion B-round funding on Mar. 31, which was jointly invested by 12 venture capital institutions, including Qianhai Mergers and Acquisition Funds, SINOEP and China Fortune Ocean.

Apr. 3 , 2018
Geely to release three new EV models in 2018
Geely to release three new EV models in 2018

Geely will make further deployment in NEV field and shape a product lineup with almost 40 NEV models by 2020. It will release 3 NEV models in 2018.

Apr. 2 , 2018
Upgrade of NIO ES8 to have doubled range and stronger performance
Upgrade of NIO ES8 to have doubled range and stronger performance

According to insiders from NIO, the all-new ES8 will make official debut in 2021. The new model is slated to have great improvement in power performance and is expected to double the range to 600km.

Mar. 30 , 2018
BYD reports YoY net profit slump of 19.51% to RMB 4.066 billion in 2017
BYD reports YoY net profit slump of 19.51% to RMB 4.066 billion in 2017

BYD earned revenue of RMB 105.915 billion in 2017, up 2.36% on an annual basis, according to BYD’s 2017 financial report released on Mar. 28.

Mar. 28 , 2018
Denza 500 hits market with price range between RMB 298,800 and RMB 328,800
Denza 500 hits market with price range between RMB 298,800 and RMB 328,800

On Mar. 26, Denza, the JV brand between BYD Auto and Daimler AG, launched an all-new Denza 500.

Mar. 27 , 2018
FAW signs agreement with Hanergy to adopt solar power roofs
FAW signs agreement with Hanergy to adopt solar power roofs

First Automotive Works (FAW) and Hanergy Holding Group Ltd. (Hanergy) signed a strategic cooperation agreement, aiming to conduct overall strategic cooperation under the topic of green and energy saving.

Mar. 23 , 2018