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SAIC Motor boasts robust growth in second-quarter net profit
SAIC Motor boasts robust growth in second-quarter net profit

For the first half of 2020, SAIC Motor’s gross revenue fall 24.6% over a year ago to 283.74 billion yuan ($41,253,921,557), and its net profit attributable to shareholders tumbled 39.01% to 8.394 billion yuan ($1,220,469,194).

Aug. 28 , 2020
NIO intends to raise up to $1.722 bln by issuing 75 mln shares
NIO intends to raise up to $1.722 bln by issuing 75 mln shares

Chinese EV startup NIO announced on August 27 the outset of the offering of 75 million American depositary shares (the “ADSs”), each representing one Class A ordinary share of the company.

Aug. 28 , 2020
CATL posts 7.86% decrease in H1 net profit as coronavirus hits market demands
CATL posts 7.86% decrease in H1 net profit as coronavirus hits market demands

Contemporary Amperex Technology Limited (CATL)’s first-half net profit attributable to shareholders dropped 7.86% from a year ago to 1.937 billion yuan ($280,233,328), the battery giant announced on August 26.

Aug. 27 , 2020
NIO Inc.’s market value for the first time surpasses $20 billion
NIO Inc.’s market value for the first time surpasses $20 billion

NIO Inc., the first Chinese EV startup that goes public on the New York Stock Exchange, saw its shares were up 19.17% closing at $17.84 on August 25 and its market value hit $21.131 billion, for the first time exceeding $20 billion.

Aug. 26 , 2020
Dongfeng expected to log 60% YoY slump in H1 net profit due to pandemic hit
Dongfeng expected to log 60% YoY slump in H1 net profit due to pandemic hit

Dongfeng Motor Group Company Limited expects to record a roughly 60% year-on-year plunge in net profit for the first half of 2020.

Aug. 26 , 2020
BMW iX3 all-electric SUV ready to make debut in China next month
BMW iX3 all-electric SUV ready to make debut in China next month

The BMW iX3, the pure EV version of the BMW X3 SUV, will be officially launched on September 13 in Shenyang, where BMW’s biggest manufacturing base is situated, the German luxury car maker said.

Aug. 26 , 2020