Evergrande's car making arm plans IPO on Shanghai STAR market
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 18 that it intends to issue RMB shares on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.
Nio exec says 92% of its parts come from China
Nio gets about 92 percent of its parts from local production and 8 percent from imports, Shen Feng, Nio executive vice president and chairman of the global quality committee, said at an event in Nanjing on September 16.
Baidu Apollo launches first L4 self-driving Robobus in Chongqing
Baidu was awarded 10 licenses to operate autonomous driving human testing in Chongqing, where Baidu Apollo and King Long collaborated to launch Robobus, an L4 autonomous vehicle.
WM Motor and Apple launch Apple Watch dials for remote vehicle control
Chinese electric vehicle startup WM Motor has teamed up with Apple to launch exclusive dials for the Apple Watch Series 6, becoming the first company in China to customize the Apple Watch so that users can control their vehicle remotely by lifting their hands.
Nio is China's best quality brand for electric cars, ahead of Tesla, report shows
Nio is the best quality electric vehicle sold in China, ahead of the Tesla, according to a report released today by market research firm J.D. Power.
Nio's local rival WM Motor reportedly secures 1 billion yuan in new financing
Chinese electric vehicle startup WM Motor has completed its Series D round of financing, led by Hefei Industrial Investment and Guidance Fund Co. with an investment of 1 billion yuan, according to the Beijing News.
GAC Nio establishes $1 billion fund to support partners
GAC Nio, the joint venture between Chinese carmakers GAC Group and Nio, announced on September 16 that it is launching the GAC Nio Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.
Geely unveils battery swap station in major endorsement of Nio-led technology route
As a major endorsement of the Nio-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.
Man sentenced to about $44,400 fine, public apology for publishing fake news about Nio bankruptcy
A Shanghai court recently ordered a man, who published a false story late last year that Chinese EV maker Nio was negotiating a bankruptcy and liquidation with law firms, to pay Nio 300,000 yuan ($44,400) in damages and to publicly apologize for at least 90 days, according to Tencent Auto.
Tesla says repair error allowed Chinese owner to remotely control others' Model 3
In response to the problem of other people's vehicles appearing in a Chinese Model 3 owner's Tesla app, the car maker responded on Tuesday that it was due to maintenance staff mistakenly entering the vehicle identification number in the on-board computer.