EV
CABRI plans to increase investment to promote development of lithium battery technology
CABRI plans to increase investment to promote development of lithium battery technology

In order to promote the development of lithium battery technology, China Automotive Battery Research Institute (CABRI), known as the national team for vehicle power battery, plans to increase another capital sum of no more than RMB 540 million.

Nov. 13 , 2017
Faraday Future said to raise 900 million dollars from Tata
Faraday Future said to raise 900 million dollars from Tata

Faraday Future, backed by Chinese entrepreneur Jia Yueting, managed to raise 900 million dollars from Indian Tata Group.

Nov. 13 , 2017
SAIC plans to take on Toyota in hydrogen fuel-cell vehicle
SAIC plans to take on Toyota in hydrogen fuel-cell vehicle

Leader of SAIC Group Foresight Department mentioned that the 200-type fuel-cell power system still lags behind Toyota’s products, but the 300-type fuel-cell power system to be launched next year will be capable to compete with Toyota’s products.

Nov. 10 , 2017
Roshow increases investment in JV with Chery Commercial Vehicle
Roshow increases investment in JV with Chery Commercial Vehicle

Roshow Technology Co., Ltd announced that it would adjust the investment ratio in the joint venture with Chery Commercial Vehicle.

Nov. 9 , 2017
NIO said to close  over $1 billion financing round
NIO said to close over $1 billion financing round

On Nov. 8, NIO reportedly had finished a new round of financing for over 1 billion. With Tencent as a lead investor, this new round of financing also boasts a variety of co-investors, including Baillie Gifford,Lone Pine, CITIC Capital, China AMC, etc

Nov. 9 , 2017
Didi marches into new energy vehicle industry
Didi marches into new energy vehicle industry

Didi has started a new JV NEV service company with the Global Energy Interconnection Development and Cooperation Organization.

Nov. 8 , 2017