Industry News
Another Chinese mega-city extends new energy vehicle purchase stimulus
Shenzhen recently announced that a policy introduced last June to promote new energy vehicle consumption that expired on December 31 will be extended until June 30, 2021.
GAC Nio CEO reportedly to leave company in March
Liao Bing, the CEO of GAC Nio, a joint venture between GAC Group and Nio, announced his impending departure at a staff meeting on January 7, jiemian.com said, citing insiders close to the company.
First EV powered by Huawei Hicar said to be launched in H1
Huawei Hicar began working with BAIC BluePark New Energy on January 28 last year, and they will launch the first model in the first half of 2021, according to Chinastarmarket.cn.
Can GAC Nio change its fate after receiving $370 million capital increase?
Industry expert says that the capital market has become more and more cautious about investing in new car companies in recent years and that it is still difficult to get recognition from the capital market without good sales performance despite the backing of well-known shareholders.
GAC Nio gets capital injection of about $370 million
After the completion of the capital increase, GAC Group and its wholly-owned subsidiary GAC Aion hold a total of 25% equity in GAC Nio.
China says to expand auto consumption in newly released guideline
The guideline mentions that China will improve the conditions for car use, strengthen the construction of parking lots, charging piles, and other facilities, and encourage charging pile operating companies to reduce charging service fees.
Hozon Auto delivers 3,015 vehicles in December, up 42% from November
For the full year 2020, the company has delivered 15,091 vehicles, up 51 percent year-on-year.
China's NEV market is so hot that a machinery giant wants a piece
XCMG Group said it signed a contract with Tsinghan Holding Group for a new energy industry base project with a total investment of about RMB 5.5 billion yuan ($850 million).
China adds 68,000 new NEV-related firms in 2020, up 85% from 2019
As of today, there are more than 200,000 new energy vehicle-related enterprises in China whose status is active and in existence.
WM Motor sales reach 8,609 units in Q4, a single-quarter high
For 2020, WM Motor's full-year sales reached 22,495 units, up 33.3 percent year-on-year.