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
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
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
China EV startup Sitech announced that its first mass-produced model, the DEV 1 rolled off the production line at FAW Group On Aug. 16.
Aug. 21 , 2018
Great Wall Motor (GWM) New Energy officially launched its all-new brand ORA, together with its new energy strategy in Baoding, Hebei Province on Aug. 20.
Aug. 20 , 2018
The patent images of the Geely Binyue PHEV were unveiled recently. The new model is the first SUV based on Geely’s self-developed BMA (B-segment Modular Architecture).
Aug. 20 , 2018