Industry News
Geely's Lotus forms new firm in China and secures Nio Capital investment
Lotus announced Nio Capital, the venture capital arm of Nio, as its investor, without disclosing the exact amount of investment or the valuation.
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GAC Aion to bring in strategic investors, consider IPO
GAC Aion will increase its share capital and introduce strategic investors and actively seek to go public at an appropriate time, GAC Group said.
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Beijing Benz recalls 796 EQC electric SUVs in China
Beijing Benz is recalling these China-built EQC vehicles with production dates between June 12, 2019 and June 18, 2020, starting August 30, 2021.
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Audi said to offer over 60% discount for big customers when selling Q2L e-tron
At a time when China's electric vehicle industry is growing rapidly, foreign brands, with the exception of Tesla, seem to be lagging behind across the board, especially Audi.
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Volkswagen starts accepting pre-orders for its popular model ID.3 in China
The ID.3, the Golf's electric counterpart, is one of the top-selling electric cars in Europe.
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GAC Aion unveils super-fast charging technology that can go from 0 to 80% in 8 minutes
On the company's A480 supercharger, vehicles can be charged at a high rate of 6C, adding 200 kilometers of range in five minutes and charging from 0 to 80 percent in eight minutes.
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Sinopec expects to build 100 new hydrogen refueling stations this year
Sinopec currently has 20 hydrogen refueling stations in 14 regions in China, with an annual hydrogen production capacity of more than 3.9 million tons, accounting for 11 percent of
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Chinese EV priced at about $124,000 begins deliveries
HiPhi announced at the Chengdu Auto Show the start of deliveries of the HiPhi X 4-seat model, priced at RMB 800,000 ($124,000).
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Geely to build $1.6 billion LFP battery facility in Hunan
The project's ten-year total output is expected to be RMB 70 billion, and the ten-year total output after completion of the first phase is expected to be RMB 30 billion.
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Geely's ride-hailing arm Caocao reportedly gets RMB billions in new funding
If it is true, the financing would be the first local equity financing in China's ride-hailing industry in 2021, an ice-breaking move after the crackdownon Didi Chuxing.
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