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Former VW China icon’s EV startup said to land RMB10 billion investment
Former VW China icon’s EV startup said to land RMB10 billion investment

Beijing BeyonCa Information Technology Co., Ltd., the automobile startup founded by former Volkswagen China’s iconic figure, Soh Weiming, is reportedly received RMB10 billion ($1.58 billion) strategic investment from Wuhan Changjiang Capital.

Feb. 15 , 2022
NIO to launch fire new SUV model ES7 in April
NIO to launch fire new SUV model ES7 in April

Chinese startup NIO plans to launch an all-new model, named ES7, in mid-April 2022, Qin Lihong, Co-founder and President of NIO, revealed on Feb. 15.

Feb. 15 , 2022
HUAWEI, SERES’s AITO M5 said to start scaled delivery in March
HUAWEI, SERES’s AITO M5 said to start scaled delivery in March

China’s ICT giant, HUAWEI, and automaker SERES’s collaborative AITO M5 EV model is reportedly to start scaled delivery in March 2022, a local media outlet heard from the company.

Feb. 15 , 2022
Tesla denies rumored second China factory siting in Shenyang
Tesla denies rumored second China factory siting in Shenyang

On February 12th, an article from Liaoning provincial government’s Wechat account mentioned that the authorities are laying the foundation for Tesla’s new energy project settling in the city of Shenyang.

Feb. 14 , 2022
China's homegrown PV retail sales fall 4.5% YoY in Jan. 2022
China's homegrown PV retail sales fall 4.5% YoY in Jan. 2022

In January 2022, the retail sales of locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 2.112 million units, dipping 4.5% from the previous year, while also dropping 1.4% compared to the previous month.

Feb. 14 , 2022