
NIO Denies Plan to Issue Digital Currency
On July 21, Chinese automaker NIO issued a statement asserting that seemingly official reports that the firm will issue a digital currency are false.
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On July 21, Chinese automaker NIO issued a statement asserting that seemingly official reports that the firm will issue a digital currency are false.
Sunwoda Electric Vehicle Battery Co., Ltd. (Sunwoda EVB), a subsidiary of Chinese firm Sunwoda, has completed a new round of financing totaling 6 billion yuan ($886 million).
The Frigate 07 electric vehicle model from Shenzhen-based automotive firm BYD will be launched on December 9. As a brand-new addition to BYD's Warship Series, the Frigate 07 is positioned as a five-seat medium-sized SUV.
George Zhao, CEO of Honor, said in an interview on July 22 that the company had put a team in India for a period of time before withdrawing it from the country. The company is looking to adopt a steady methodology to conduct business in the Indian market.
Today, the Chinese Ministry of Industry and Information Technology announced the declared model information of Xiaomi's car. BAIC will be the manufacturer, with BYD as the battery provider.
At the beginning of 2022, several Chinese car manufacturers released delivery data for December 2021, showing the development potential of the country's electric vehicle (EV) market.
The Changsha division of Chinese carmaker BYD has been in the public spotlight as of late following allegations of damaging pollution. The factory was reportedly shut down for rectification.
At the Chengdu Motor Show on August 26, GAC AION launched its 2023 AION V Plus pure electric SUV. The new vehicle is available in 10 versions, including a 7-seat version for the first time.
On October 24th, NIO announced that it has built a total of 600 battery swapping stations on highways.
On August 11th, Huawei denies the rumors that "Huawei intends to promote the independent operation of its Car Business Unit and is currently in close contact with Chongqing State-owned Assets Supervision and Administration Commission for cooperation matters."
The BYD Yuan Plus, the first A-class SUV from the Shenzhen-based company's all-electric e-platform 3.0, on February 19 simultaneously entered the Chinese and Australian markets.
Recently, Huolala officially submitted its IPO application to the Hong Kong Stock Exchange. It is worth noting that in the application, Huolala officially mentioned its car-making project: the company is using its experience in existing vehicle leasing and sales services to explore new business opportunities, such as developing electric commercial vehicles.