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GAC Nio gets capital injection of about $370 million
After the completion of the capital increase, GAC Group and its wholly-owned subsidiary GAC Aion hold a total of 25% equity in GAC Nio.
China says to expand auto consumption in newly released guideline
The guideline mentions that China will improve the conditions for car use, strengthen the construction of parking lots, charging piles, and other facilities, and encourage charging pile operating companies to reduce charging service fees.
Hozon Auto delivers 3,015 vehicles in December, up 42% from November
For the full year 2020, the company has delivered 15,091 vehicles, up 51 percent year-on-year.
China's NEV market is so hot that a machinery giant wants a piece
XCMG Group said it signed a contract with Tsinghan Holding Group for a new energy industry base project with a total investment of about RMB 5.5 billion yuan ($850 million).
China adds 68,000 new NEV-related firms in 2020, up 85% from 2019
As of today, there are more than 200,000 new energy vehicle-related enterprises in China whose status is active and in existence.
WM Motor sales reach 8,609 units in Q4, a single-quarter high
For 2020, WM Motor's full-year sales reached 22,495 units, up 33.3 percent year-on-year.
China's 2021 new energy vehicle subsidies to fall by 20 percent
China's new energy vehicle subsidies in 2021 will be backed down by 20% compared to 2020, four ministries, including China's Ministry of Finance, said in a document released today.
GAC Nio apologizes for Bitcoin statement
Hours after releasing a statement Thursday afternoon Beijing time that it will be the first car company in China to accept Bitcoin payments, GAC Nio has apologized for it.
GAC Nio says it becomes first automaker in China to accept payments in Bitcoin, then deletes post
GAC Nioannounced on Weibo today that it will accept Bitcoin payments for car purchases, the first of its kind in China.
Analyst says China's new energy vehicle industry is like real estate on the eve of the 2000s price explosion
He believes that the industry is exploding, and investors who focus too much on short-term prices will lose long-term growth dividends.