EV Industry
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Evergrande aims to see mass production of its first EV model, Hengchi 5, within three months
Hengchi 5 must be in mass production by June 22, Hui Ka Yan, or Xu Jiayin, chairman of Evergrande Group, said Tuesday.
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CAAM has included raw material price inflation in its monitoring, senior official says
Regulators have taken a clear stand against unfair competition and have made it clear they will firmly crackdown on such behavior, a senior CAAM official said.
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Chinese regulators reportedly ask some US-listed companies to prepare for audit disclosures
Chinese regulators are considering a proposal to allow their US counterparts to inspect audit working papers of some Chinese companies that do not collect sensitive data, according to Reuters.
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Beijing auto show, scheduled for end of April, may be delayed to June
The Beijing auto show, originally scheduled for the end of April, may be postponed until June because of the Covid pandemic causing many carmakers to possibly not arrive on time, local media said.
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E-scooter maker Niu Technologies to raise prices by up to $157
Niu Technologies, which prices most of its products below RMB 5,000, blames the move on a sharp increase in upstream raw material prices.
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Nio Capital closes new fund raising of about $400 million
Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size of the first tranche.
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WM Motor raises prices further by up to $4,090
After raising the prices of some models on March 1, WM Motor will raise prices again by 7,000 to 26,000 yuan ($4,090) starting March 28.
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US, China securities regulators hold talks on audit issues, report says
The two sides plan to further strengthen communication and reach arrangements as soon as possible within a framework that is consistent with their respective laws.
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Chinese regulators mulling measures to crack down on malicious short sellers, report says
Stocks of US-listed Chinese companies, Hong Kong shares and A-shares plunged recently in part because of malicious shorting by some international investors, a Chinese academic said yesterday.
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China voices support for capital markets after recent turmoil
Chinese and US regulators have maintained good communication over regulation of US-listed Chinese companies, have made positive progress and are working to form concrete cooperation proposals.
