Articles Tagged with "EV"

BAIC Motor posts 14.1% growth in first-half revenue, while net profit slides
BAIC Motor posts 14.1% growth in first-half revenue, while net profit slides

BAIC Motor Corporation Limited (BAIC Motor) reported a year-on-year jump of 14.1% in the first-half revenue, while its semi-annual net profit slumped 25.9% from a year ago.

Aug. 28 , 2019
BAIC’s EV arm boasts 9.7% year-on-year growth in H1 net profit
BAIC’s EV arm boasts 9.7% year-on-year growth in H1 net profit

BAIC BluePark, the parent company of Chinese NEV maker BAIC BJEV, announced its first-half revenue zoomed up 76.63% from the previous year to RMB9.919 billion amongst a blooming rise of NEV sales in China.

Aug. 27 , 2019
EV startup NIO to cut 1200 staff by end of September
EV startup NIO to cut 1200 staff by end of September

Chinese electric vehicle manufacture NIO plans to reduce its workforce by at least 1,200 staff by the end of September, Li Bin, founder, chairman and CEO of the high-profile startup revealed on August 22 in an internal e-mail.

Aug. 23 , 2019
BAIC BJEV to buy battery system from Bejing Pride Power for battery swapping facilities
BAIC BJEV to buy battery system from Bejing Pride Power for battery swapping facilities

BAIC Group’s NEV arm BJEV plans to purchase roughly 1,500 sets of fast-swapping lithium battery system from Beijing Pride Power System Technology Limited (Beijing Pride Power).

Aug. 19 , 2019
Evergrande Health warns first-half net loss of RMB2 billion in NEV business
Evergrande Health warns first-half net loss of RMB2 billion in NEV business

Evergrande Health is expected to record a net loss for the first half of 2019 of approximately RMB2 billion, versus the net profit of around RMB200 million for the same period in 2018, the company announced on August 9.

Aug. 14 , 2019
How Chinese OEMs’ NEV business performed in July
How Chinese OEMs’ NEV business performed in July

Gasgoo hereby rounded up NEV sales volumes released by several major Chinese OEMs. Both BYD and JAC Motors suffered evident year-on-year decline in July NEV sales. But in terms of year-to-date sales, all of them accomplished remarkable increase YoY.

Aug. 12 , 2019