Industry News
GAC Nio establishes $1 billion fund to support partners
GAC Nio, the joint venture between Chinese carmakers GAC Group and Nio, announced on September 16 that it is launching the GAC Nio Smart Mobility Ecological Fund in conjunction with Xin Ding Capital, with an initial fund size of $1 billion to provide financial and resource support for companies in the ecosystem.
Geely unveils battery swap station in major endorsement of Nio-led technology route
As a major endorsement of the Nio-led battery swap model, Geely Technology Group announced its battery swap model for the first time at a press conference in Chongqing today, and plans to complete construction of 35 battery swap stations in the city this year.
Analysts expect strong sales in China's new energy vehicle market in H2
Huachuang Securities analysts are optimistic about the fundamentals of the Chinese auto industry, and is optimistic about the new energy flagship models of independent and new energy vehicle startups this year, and the models that explode accurately cut consumer demand.
Baidu's Robin Li: Autonomous driving will be commercially available in 5 years
Baidu Chairman and CEO Robin Li predicted that in five years' time, automated driving will be fully commercialized, greatly reducing congestion and eliminating the need for car purchase and traffic restrictions.
Evergrande's car making arm announces HK$4 billion in funding from investors including Tencent
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 15 on the Hong Kong Stock Exchange that it has raised approximately HK$4 billion in new funding.
BMW takes on Tesla, Nio in China, launches its first all-electric SUV - BMW iX3
BMW on Sunday unveiled the iX3, the first all-electric midsize SUV in the history of the BMW Group, and the first product to be sold to the global market with China as the sole manufacturing base.
China's electric car battery swap model expected to open a huge market
Recently, 20 Chinese companies and organizations signed the Joint Declaration on Building an Eco-circle for the "Body-to-Battery Separation" Model of New Energy Vehicles, marking the official establishment of the body battery separation eco-circle.
China's EV battery swap standard construction faces compatibility problem
The Nio-led battery swap model is about to get policy boosts but the standard construction is facing compatibility problems.
China's best-selling electric car isn't the Model 3, it's this model you'd never have thought of
The Hongguang MINI EV, which has only been on the market for a month, has already overtaken the Tesla Model 3 to become the best-selling electric car in China in August.
Analysts say China's new-energy vehicle industry trough is over
China's new energy vehicle sales were 109,000 units in August, up 11.7% QoQ and up 25.8% YoY, according to data released by the China Association of Automobile Manufacturers on September 10.