Nio's local rival Li Auto raises $1.1 billion in US IPO with $10 billion valuation
Chinese electric vehicle maker Li Auto has priced its American depositary receipts at $11.5 each in an initial public offering (IPO) on Nasdaq that will raise U$1.1 billion.
Tesla supply chain in China can't be seen as another Apple chain, official media says
With Tesla's rapid development in China, many believe that the Tesla supply chain is the next Apple chain, which will create a rapid take-off of suppliers. But an opinion piece in the official media Securities Times today says that in reality, this idea is too simplistic.
Chinese auto maker GAC says its technology allows EVs to exceed 1,000 km range
Chinese automobile maker GAC Group said today it has achieved an energy density of 275 watt-hours per kilogram of square hard-shell cells using a new silicon anode material technology, enabling electric vehicles equipped with such batteries to have a range of more than 1,000 kilometers.
Tesla's revenue in China surged 102.9 percent year-on-year in Q2
Tesla's revenue in China rose 102.9 percent year-on-year to $1.4 billion in the second quarter of this year, keeping China as its second-largest market after the United States, according to a filing with the U.S. Securities and Exchange Commission (SEC).
Nio's founder addresses misconceptions
Nio has recently released its third model, the Nio ES6, which was followed by a number of interviews with Nio founder Li Bin.
Nio's local rival Li Auto's US IPO fully subscribed
Chinese electric vehicle (EV) maker Li Auto's IPO in the U.S. has been fully subscribed, according to IFR, a Reuters media outlet.
Here is what you need to know about Nio's battery swap business model
At the 2020 Chengdu Auto Show on July 24, Nio Founder, Chairman, and CEO Li Bin announced the price of Nio's third model, EC6. He also said that deliveries of the car will begin in late September.
China's biggest property developer is getting serious about making new energy cars
Evergrande Health announced today that it intends to change the company's name to "China Evergrande NewEnergy Vehicle Group Limited" in light of the fact that new energy vehicles have become the group's most important business.
Nio is planning to enter global markets including US
Chinese electric vehicle (EV) maker Nio is actively preparing to enter the U.S. and global markets, its Chairman and CEO Li Bin said in an interview published Sunday on Yicai.com.
Nio subsidiary adds used car brokerage to its business scope
Shanghai Nio Automotive Sales & Services Co. has undergone registration information changes, adding used car distribution and brokerage to its business scope, according to data provider Tianyancha.
