Industry News
GAC Nio close to securing Pro-A round of funding, report says
Chinese EV maker GAC Nio is undergoing due diligence for its Pro-A round of financing and is in close contact with a number of local governments, including those of Beijing, Zhejiang and Henan provinces, according to China Times.
Audi gets license for self-driving tests on Beijing public roads
Audi China was recently awarded the Beijing T3 class test license, which allows the company to conduct automated driving tests on Beijing's public roads.
GAC Nio promises to reimburse owners if battery causes vehicle fires
There have been several incidents of electric vehicle fires this year, causing concern among many consumers. Chinese EV startup GAC Nio recently promised to reimburse owners of its vehicles for the entire vehicle if they catch fire due to battery problems.
Toyota reportedly to offer hybrid technology to Chinese automakers
Toyota has decided to supply the core system of its hybrid vehicle to major Chinese automaker Guangzhou Automobile Group (GAC), the first time in Toyota's history that it will offer hybrid vehicle technology to a foreign company, according to Nikkei Asia on Thursday.
Chinese ministry says supports development of charging and battery swap models
China supports the two development models of new energy vehicles, charging and battery swap, to create a favorable environment for the promotion and application of new energy vehicles, China's Ministry of Industry and Information Technology said in a reply letter to a proposal by a member of the Chinese People's Political Consultative Conference (CPPCC).
Volkswagen to debut electric compact SUV ID.4 in China on Nov 3
Volkswagen's new all-electric compact SUV, the Volkswagen ID.4, will be released in China on November 3, according to industry media Evzhidao.com.
China's Sept passenger car sales up 7.3% year on year to 1.91 million units
China's passenger car market registered retail sales of 1.91 million units in September, up 7.3 percent from the same period last year, according to the latest figures released by the China Passenger Car Association (CPCA) on October 13.
Chinese EV startup ENOVATE raises over 5 billion yuan in new funding, plans 2021 IPO
Chinese electric car startup ENOVATE has received another multi-billion dollar blood transfusion after completing an over RMB 2 billion round of funding from Shanghai Electric in April 2019.
China's FAW to set up EV joint venture with Audi, first model to go into production in 2024
Chinese Auto maker FAW announced on October 13 that it has signed a memorandum of understanding with longtime partner Audi in Changchun to establish a joint venture company to produce electric vehicles.
SAIC, China's largest auto group, reportedly plans to launch premium electric car brand
SAIC, China's largest auto group, is pushing ahead with a new electric smart car brand project code-named "L," jiemian.com said today, citing people with knowledge of the matter.