Industry News
Evergrande Auto boosts registered capital of one subsidiary by 900%
Evergrande Group, mired in a heavy debt burden, has chosen to save itself by selling off its assets, and its car-making business is one of them.
...
SAIC-VW's NEV project in Changsha starts construction with planned annual capacity of 100,000 vehicles
The project, with a total investment of RMB 8 billion, also includes a battery workshop with a planned annual capacity of 150,000 sets of batteries.
...
GAC Aion posts sales of 13,586 units in Sept, up 124% year-on-year
GAC Aion said it received orders for 19,709 units in September, another record high.
...
Chongqing Sokon, Huawei's partner in auto sector, sold 3,987 NEVs in Sept, up 83% year-on-year
Chongqing Sokon produced 4,243 NEVs in September, up 114 percent year-on-year.
...
Faraday Future dismisses short-selling report as nonsense
"Watch out, J Capital Research. It's not the first time you have made a fool of yourself," Faraday Future founder Jia Yueting wrote in both Chinese and English.
...
Faraday Future named as 'New EV Scam' in short-selling attack
"We don't think Faraday Future (FFIE), an EV SPAC, will ever sell a car. "
...
WM Motor expects to raise $500 million in new financing
This includes $300 million in Series D1 financing and $200 million in Series D2 financing, which is expected to accelerate the company's overseas IPO.
...
WM Motor sold 5,005 vehicles in Sept, up 115.8% year-on-year
As one of the most talked about new car makers in China, WM Motor has been questioned for lagging behind its peers as it previously stopped releasing sales figures.
...
VW ID. series deliveries in China reached 10,126 in Sept, up 44% from Aug
After Nio, Xpeng Motors, there is a new member of the 10k club.
...
Dongfeng's premium EV brand Voyah delivered 908 vehicles in Sept
This is the second delivery month for Voyah, which has delivered a total of 1,316 vehicles in the past two months.
...
