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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 , 2020Chinese 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 , 2020Contemporary 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 , 2020NIO 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 , 2020Dongfeng 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 , 2020The 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.
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