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On September 25, 2020, NIO Inc. (“NIO” or the “Company”), through its wholly owned subsidiary, signed an agreement to subscribe for the newly increased capital of NIO (Anhui) Holding Co., Ltd. at a subscription price of $600 million.
Sep. 30 , 2020
For the first eight months of 2020, China imported a total of 515,000 vehicles (including chassis), posting a year-on-year decrease of 26.6%, and saw the year-to-date import value of automobiles reach 172.42 billion yuan ($25.311 billion).
Sep. 29 , 2020
Electrification is one of major themes conveyed by the ongoing Beijing International Automotive Exhibition (the Auto China 2020). Among 785 models exhibited on the motor show, over 160 are electrified models.
Sep. 29 , 2020
Guangzhou GET Investment agrees to provide RMB4 billion in financing to help fuel XPeng’s growth as well as support the construction of a new Smart EV manufacturing base.
Sep. 28 , 2020
EV startup Xpeng Motors celebrated on September 28 the first spade cut for its ICV intelligent manufacturing base at Guangzhou Knowledge City, its second complete vehicle production plant following the Zhaoqing-based one.
Sep. 28 , 2020
Nezha, a Chinese all-electric brand launched by HONZON Auto, is in all likelihood to raise over 3 billion ($439,921,500) from its Series C round of financing, which overfills its target, according to Zhang Yong, HOZON Auto’s president.
Sep. 28 , 2020