EV Industry

While China's new energy vehicle industry is growing rapidly, local automotive chip design companies are also on the rise.

The success of Nio's battery swap-enabled models does not mean the same for all companies selling such models.

Under the deal, Uxin has issued a total of 29,129,040,416 shares of senior convertible preferred stock for an aggregate amount of $100 million.

With the rapid development of China's new energy vehicle industry, power battery recycling is starting to become a big business with a rapid increase in participants.

After its record sales in March, the performance of China's hottest-selling electric car is starting to weaken.

The huge market demand generated by China's new energy industry chain has led to a large number of companies actively raising capital to expand their production capacity.

These vehicles are also widely known as "老头乐" (Old Man's Joy) in China, and they often weave in and out of ordinary vehicles and drive illegally on bike paths, posing many safety hazards.

Chinese tech giants jumping on the car-building bandwagon are grasping for talent, and they're setting their sights on people who once had experience working at China's leading car-making newcomers, including Nio.

The percentage of EV fires that occur while charging is about 28 percent, while the percentage of fires that occur while sitting is 38 percent.

The rapid development of China's new energy industry is driving demand for energy storage higher, and policymakers are accelerating the development of regulations for the industry.