According to Beijing Innovation Center for Mobility Intelligent, the Beijing Municipal Government issued license plates to seven companies on September 22 for street testings of autonomous vehicles.
In Ep. 22 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about electric carmaker NIO, which went public on September 12 on the NYSE. This episode covers how NIO got started, its purported business model, and how it differs from its competition.
For William Li, Founder and CEO of the recently public EV startup NIO, the past few days must have been unforgettable. Priced near the bottom of its target range, NIO officially began trading on the New York Stock Exchange (NYSE) on Sept. 12.
Chinese electric-vehicle maker, NIO, has updated its initial public offering (IPO) prospectus and set terms to raise a total of $1.32 billion.
After getting wind of Tesla’s contemplation over going private, Chinese electric car manufacturer, NIO, is rushing to go public to fill in Tesla’s void – and to raise additional $1.8 billion for its rising operational costs. Tesla CEO Elon Musk said he may use Saudi Arabian capital to finance the company’s move in the near…
Here’s this week’s roundup of China tech stories.
NIO Automobile submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on the New York Stock Exchange. It plans to raise up to US$1.8 billion, which will be the largest listing of a Chinese auto company in the United States.
China’s electric vehicle (EV) startup NIO signed a strategic cooperation agreement with the German engineering and electronics company Robert Bosch GmbH on July 9. The agreement focuses on cooperations in the areas of sensor technology, automated driving, electric motor controls and intelligent transport systems.
Here’s this week’s roundup of China tech stories.
Alternative energy vehicle were under the spotlight in the Chinese market during 2017, with a total sales volume of 777,000, a year-on-year growth of 53.3 percent. Blade electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) show a year-on-year growth of 82.1 percent and 39.4 percent respectively.
Media were impressed with the 80-million-yuan lavish launch event for the ES8 in Wukesong Venue. There is no doubt NIO raised more investment and spent more money than any other automotive start-up in China. Since its establishment, NIO has raised more than US $2 billion.
BYD announced it would build an electric truck factory in Canada, which will be its first electric car assembly plant in Canada. The electric truck plant is scheduled to be put into operation next year.
