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China’s Vehicle Inventory Alert Index (VIA) stood at 56.8% in June, which climbed 2.6 and 6.4 percentage points compared to the previous month and the previous year respectively, according to the China Automobile Dealers Association (CADA).
Jul. 2 , 2020
GAC NIO New Energy Automotive Co.,Ltd (GAC NIO), a joint venture between GAC Group and NIO, will close its pre-A round of financing in the second half of the year, and the capital amount and investors have been basically determined.
Jul. 2 , 2020
JAC Motors inked on June 30 an agreement with Bozhou municipal government to build mid-/high-end MPVs at Anhui Jianghuai Anchi Automobile Co., Ltd., a wholly-owned subsidiary of the Hefei-based automaker.
Jul. 2 , 2020
Li Hongpeng, a former senior executive of Ford Motor, has been appointed as Vice President of Commerce of Hyundai Motor Group (China) Ltd., managing Hyundai’s China strategic planning and market expansion business.
Jun. 30 , 2020
NIO (Anhui) Holding Co., Ltd., or NIO Anhui has received from the investors RMB4.8 billion out of the RMB5 billion of cash investments for the first two installments.
Jun. 30 , 2020
The first pre-production NIO EC6 has rolled off the production line at the Hefei-based JAC-NIO Advanced Manufacturing Center, where also the ES8 and the ES6 are produced, a local media reported on June 28.
Jun. 29 , 2020