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NIO Inc. Reports Unaudited First Quarter 2020 Financial Results
NIO Inc. Reports Unaudited First Quarter 2020 Financial Results

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2020.

May 28 , 2020
CATL to raise 19.7 billion yuan for battery capacity expansion projects
CATL to raise 19.7 billion yuan for battery capacity expansion projects

CATL, the global leading EV battery manufacturer, lowered the maximum amount of the capital it intends to raise from a non-public issuance of stocks to 19.7 billion yuan ($275,285,830) from 20 billion yuan ($27,947,800).

May 28 , 2020
Shenzhen rolls out incentives to boost ICV development
Shenzhen rolls out incentives to boost ICV development

Shenzhen has issued a string of measures to support orderly and sound development of local ICV (intelligent-connected vehicles) industry.

May 28 , 2020
Baidu builds world’s biggest autonomous car, vehicle-road cooperation test base in Beijing
Baidu builds world’s biggest autonomous car, vehicle-road cooperation test base in Beijing

On May 26, Chinese Internet giant Baidu announced the completion of Apollo Park, which is purportedly the world’s biggest base for the application and testing of autonomous vehicles and intelligent vehicle infrastructure cooperative System (IVICS).

May 27 , 2020
BYD Semiconductor raises 1.9 billion yuan from 14 investors
BYD Semiconductor raises 1.9 billion yuan from 14 investors

BYD announced on May 26 the introduction of strategic investors of BYD Semiconductor, a subsidiary of BYD, another significant progress in seeking for an independent listing after the semiconductor unit’s internal restructuring.

May 27 , 2020
Wuling to begin presale of vehicle carrying silver global logo at Chengdu Motor Show
Wuling to begin presale of vehicle carrying silver global logo at Chengdu Motor Show

SAIC-GM-Wuling (SGMW) plans to kick off the presale of the “Victory”, the first vehicle bearing Wuling’s silver global badge, at the 2020 Chengdu Motor Show, which will be held between July 24 and August 2.

May 26 , 2020