EV Industry

China successfully achieved a dry-thermal-rock test power generation in the Matouying, Tangshan, Hebei dry-thermal-rock exploration area, the latest development in the country's clean-energy development.

Nio CEO William Li was recently quoted by Securities Daily as saying that the real competition in the smart electric vehicle industry has not yet begun, and there is still a need to raise enough capital to lay the groundwork for future competition.

Nio announced on Saturday that Hefei, Suzhou and Xi'an have been nominated by the Nio Day 2021 organizing committee as candidates to host the event.

The investment in Uxin will further improve Nio's position in the car trading scenario, and together with Nio Capital, it will bridge the company's possibilities for cooperation with Nio, bringing more imagination to Uxin's development.

The overall project is expected to be completed in 2024 and will be used for the production of models including sedans and coupes.

By the end of 2020, China had built 118 hydrogen refueling stations in total, with 167 under construction or planned, according to a recently released report.

In terms of auto production, the improvement in chip supply should be evident in August, the CPCA said, adding that the chip problem should be largely resolved by September as more capacity is released.

The rapid growth of the new energy vehicle industry has put China on the edge of a new technological revolution. What does this mean for investors? What trends are coming?

Chip shortage is a key factor limiting the capacity of global car companies, but the situation is not far from improving.

Teld was priced at RMB 14.6 yuan per share, valuing the company at approximately RMB 13.6 billion after the investment.