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GAC NIO announces completion of capital increase worth 2.405 billion yuan
GAC NIO announces completion of capital increase worth 2.405 billion yuan

GAC NIO, a joint venture between Chinese automaker GAC Group and NIO, announced on Feb. 19 it has completed a capital increase by drawing a total of 2.405 billion yuan ($370.747 million).

Feb. 20 , 2021
China PV wholesales in Jan. 2021: Wuling Hongguang no longer among top 10 PV models
China PV wholesales in Jan. 2021: Wuling Hongguang no longer among top 10 PV models

Among the top 10 China-made PV models by Jan. wholesales, there were seven car models and three SUV models.

Feb. 19 , 2021
Geely Holding, Concordium to set up joint venture for blockchain business
Geely Holding, Concordium to set up joint venture for blockchain business

Geely Holding announced on Feb. 19 it has signed an agreement with Concordium to build a joint venture dedicated to providing business models and DApps based on blockchain platforms for clients from automotive and other industries in China.

Feb. 19 , 2021
BYD’s executive confirms receipt of Hillhouse Capital’s investment
BYD’s executive confirms receipt of Hillhouse Capital’s investment

Hillhouse Capital, an Asia-focused private equity firm, has spent $200 million on acquiring the stocks BYD recently issued to specified objects, a local media outlet reported earlier this month.

Feb. 18 , 2021
Baidu Apollo granted 199 autonomous driving licenses in China by 2020
Baidu Apollo granted 199 autonomous driving licenses in China by 2020

Baidu had received 199 autonomous driving licenses in China by the end of December 2020, the Internet giant noted in its financial results for the fourth quarter of 2020.

Feb. 18 , 2021
Geely taking fast lane to intelligent vehicle ecosystem
Geely taking fast lane to intelligent vehicle ecosystem

For Geely, who has evolved into a global automaker through a slew of acquisitions and partnerships, every step it takes should pave the way for a solid foothold in the smart EV era.

Feb. 18 , 2021