Articles Tagged with "AI"

NIO China to gain 10.4 billion yuan worth of credit line from six banks
NIO China to gain 10.4 billion yuan worth of credit line from six banks

NIO China will receive a credit line worth 10.4 billion yuan ($1,484,568,800) from six Chinese banks, the EV maker announed on July 10.

Jul. 10 , 2020
China logs 22.5% slump in first-half homegrown PV retail sales
China logs 22.5% slump in first-half homegrown PV retail sales

In the first half of 2020, the retail sales of China's locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) totaled 7.844 million units, slumping 22.5% year on year, according to the China passenger Car Association (CPCA).

Jul. 8 , 2020
SAIC Motor records 2020’s first-time YoY sales growth
SAIC Motor records 2020’s first-time YoY sales growth

SAIC Motor sold 479,464 new vehicles in June, achieving a 2.77% year-on-year growth. This is also the first-time increase the Chinese biggest automaker gained in 2020.

Jul. 7 , 2020
GAC NIO said to complete pre-A round in second half of 2020
GAC NIO said to complete pre-A round in second half of 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
Former Ford’s management talent named Commerce VP of Hyundai China
Former Ford’s management talent named Commerce VP of Hyundai China

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
Tesla said to move China user data to China from U.S.
Tesla said to move China user data to China from U.S.

Tesla will reportedly move the data and certification service of China users from the U.S. to China, Shanghai Securities News reported on June 23.

Jun. 24 , 2020