Nio announces plan to issue additional $2 billion ADSs via at-the-market offering
The company plans to use the net proceeds from the offering to further strengthen its balance sheet, as well as for general corporate purposes, Nio said.
Luxury car sales in China see rare decline in Aug
August retail sales of luxury cars in China were 278,000, down 9.4 percent year-on-year, according to a recent report by the China Automobile Dealers Association.
Nio, Sinopec put another jointly-built battery swap station into operation
Nio and Sinopec will soon partner to build the first local battery swap station in a highway service area in Guangxi, and will build a new battery swap station in another local city, Guilin.
Geely's ride-hailing arm Cao Cao Mobility raises $590 million in latest funding round
This is the first local equity financing in China's ride-hailing industry in 2021, and is an ice-breaker after the crackdown on Didi Chuxing.
FAW-Audi reportedly leaves A6L production scheduled for just one day in Sept due to chip shortage
FAW-Audi is currently producing for several days and then taking several days off because of a severe chip shortage, with the A6L production scheduled for just one day in September, cls.cn said Tuesday.
Tesla gets $329 million subsidies in China for vehicles sold in 2020, 327% more than Nio
Tesla received Chinese state subsidies for 101,082 vehicles sold in the country in 2020, for a combined amount of RMB 2.123 billion ($329 million).
BYD Semiconductor's IPO process resumes after half-month suspension
The listing process of BYD Semiconductor, BYD's chip business, has recently resumed, after it was unexpectedly suspended by the Shenzhen Stock Exchange last month.
Xpeng will build smart robots with same model of building cars, says CEO
Xpeng Motors' model of building smart cars will be used to build smart robots, the company's chairman and CEO He Xiaopeng said after announcing a smart robot pony.
Xpeng unveils smart robot pony
Xpeng Motors announced yesterday that it will release a "smart new species". Now the answer is revealed.
SAIC sold over 70,000 NEVs in Aug, up 171% from a year earlier
SAIC passenger vehicle branch's Roewe, MG and R brand sold more than 17,000 NEVs combined in August, up 390 percent year-on-year.