China's new energy firms scrambling to raise capital to expand capacity
The huge market demand generated by China's new energy industry chain has led to a large number of companies actively raising capital to expand their production capacity.
Beijing bans illegal electric tricycles and four-wheelers, gives 2.5-year transition period
These vehicles are also widely known as "老头乐" (Old Man's Joy) in China, and they often weave in and out of ordinary vehicles and drive illegally on bike paths, posing many safety hazards.
BAIC Blue Park June sales at 1,585 units, down 47% from a year ago
BAIC Blue Park had a glorious past. It was the number one pure electric vehicle seller in China for seven consecutive years from 2013-2019.
Jidu, Baidu's car-making arm, has poached former Nio veteran engineer
Chinese tech giants jumping on the car-building bandwagon are grasping for talent, and they're setting their sights on people who once had experience working at China's leading car-making newcomers, including Nio.
Nearly 40% of EV fires occur while sitting, says expert
The percentage of EV fires that occur while charging is about 28 percent, while the percentage of fires that occur while sitting is 38 percent.
Opinion
What makes Nio's business model unique and disruptive?
In 2023 Nio's Unique Disruptive Business Models could yield One Million EVs sold for Profit over $20 Billion making Nio most profitable Auto Company & going forward with Existing Owner Sales Force of 1.5 Million.
Geely exits as majority shareholder of its premium EV brand Zeekr
Geely has pulled out as the majority shareholder in its premium electric car brand Zeekr, potentially paving the way for the brand to be independently financed.
Xpeng cuts free charging benefits for new car buyers, effective Aug 1
Xpeng announced Monday that it will reduce the 3,000 kilowatt hours per year of free charging it offers to customers to 1,000 kilowatt hours per year, effective Aug. 1.
Nio names Long Yu, one of China's most influential businesswomen, as independent director
In December 2017, Long was named to the "25 Most Influential Women in Business in China 2017" list, sharing the honor with Peng Lei, Chairman of Ant Financial, Ge Yue, Vice President and Managing Director of Apple Greater China, and Liu Qing, President of Didi Chuxing.
Tesla put two new V3 Supercharger stations into operation in China this past weekend
This past weekend, Tesla put two new V3 Supercharger stations into operation in the central Chinese cities of Yichang in Hubei and Pingdingshan in Henan province.