EV
China’s new energy PV wholesales continue to rebound in May
China’s new energy PV wholesales continue to rebound in May

Automakers in China sold roughly 70,200 locally-produced new energy PVs (NEPVs) in May, posting a year-on-year decline of 25.8%, while gaining a 19.5% growth compared to a month ago, according to the China Passenger Car Association (CPCA).

Jun. 9 , 2020
China’s Geely registers trademark for battery swapping service
China’s Geely registers trademark for battery swapping service

Geely, the most high-profile privately owned automaker in China, is likely to tap the battery swapping field, which has been long touted by the EV startup NIO.

Jun. 8 , 2020
BYD’s new Tang EV said to be fitted with blade battery
BYD’s new Tang EV said to be fitted with blade battery

BYD’s all-new Tang EV is likely to carry the “blade battery”, a new type of new lithium iron phosphate battery (LFP battery) developed by BYD to largely increase the energy density of battery pack with greater safety, according to Autohome.

Jun. 5 , 2020
NIO Inc. Reports Unaudited First Quarter 2020 Financial Results
NIO Inc. Reports Unaudited First Quarter 2020 Financial Results

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2020.

May 28 , 2020
CATL to raise 19.7 billion yuan for battery capacity expansion projects
CATL to raise 19.7 billion yuan for battery capacity expansion projects

CATL, the global leading EV battery manufacturer, lowered the maximum amount of the capital it intends to raise from a non-public issuance of stocks to 19.7 billion yuan ($275,285,830) from 20 billion yuan ($27,947,800).

May 28 , 2020
NIO’s sole shareholder changes to Hefei-based company
NIO’s sole shareholder changes to Hefei-based company

China’s top EV manufacturer NIO Inc. has got its shareholder changed to NIO (Anhui) Holding Co.,Ltd. from NIO NextEV Limited, according to Tianyancha.

May 28 , 2020