
Changan NEV Secures Nearly 5 Billion Yuan in Round-B Financing
Chongqing Changan New Energy Vehicle Inc. (Changan NEV) on Monday announced the completion of round-B financing totaling 4.977 billion yuan ($786.5 million).
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Chongqing Changan New Energy Vehicle Inc. (Changan NEV) on Monday announced the completion of round-B financing totaling 4.977 billion yuan ($786.5 million).

Compared with the heads of other Chinese auto firms, Wei Jianjun, Founder and Chairman of Great Wall Motor (GWM), tends to operate in a very low-key manner, but the new energy business map he has been developing is impressive.

Zeekr, an all-electric vehicle brand operated by Chinese automaker Geely, announced on Friday that due to the pandemic and an ongoing shortage of computer chips, just 1,795 Zeekr 001 models were sold in March this year.

A new car brand called "Changan Automobile DeepBlue" appeared on Chinese social media platform Weibo on Tuesday, with the official name "Chongqing Changan New Energy Vehicle Technology Co., Ltd."

According to a plan issued by the Shanghai Municipal Government on January 29, individual consumers will be given a financial subsidy of 10,000 yuan ($1,473) per vehicle when they purchase a pure electric vehicle before the end of June this year.

Chongqing Sokon, an automotive industry partner of Huawei, announced on July 14 that it expects to achieve operating income of 12 billion yuan to 12.6 billion yuan ($1.78 billion - $1.87 billion) in the first half of 2022, up 62.5% to 70.63% year-on-year.

Cui Dongshu, Secretary General of the China Passenger Car Association, posted to his public WeChat account on August 29, saying that the global trend of new energy passenger cars will remain strong in 2022.

On March 12, Shenzhen-based automaker BYD announced that the 2022 Song MAX DM-i model was officially launched with five versions, at a price ranging from 145,800 yuan to 172,800 yuan ($23,007-$27,267).

Wang Kai, CTO of Chinese electric vehicle manufacturer Li Auto, will leave in the near future after joining the firm less than two years ago.

On July 25, the first dual-brand new energy vehicle repair station of Contemporary Amperex Technology Co., Limited (CATL) and Bosch's after-sale auto services arm in China, officially opened.

The Shanghai municipal government announced on September 21 that the city's first batch of fuel cell vehicles for ride-hailing will be put into operation by the end of this month.

From August 1st to 6th, the retail sales of new energy vehicles reached 88,000 units, an increase of 38% compared to the same period last year.