The Wire China, June 14, 2020 The electric vehicle company NIO was about to crash, but many think Beijing, intent on dominating the industry, grabbed the wheel. BY DAN XIN HUANG Last December, the electric vehicle company NIO hosted its annual celebration for customers in Shenzhen, one of...
The Wall Street Journal, May 27, 2020 Government struggles to spark interest as consumers turn more to traditional vehicles By Trefor Moss This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street...
June 2020 We have launched a new format and name for our EXCELerate newsletter highlighting development milestones achieved by Automobility Ltd's portfolio companies. This issue features presentations from the Auto|Mobility Tech Startup 5 Online Workshop held on May 12, including the panel discussion on the post-COVID...
May 27 – June 3, 2020 We are pleased to share issue #34 of our newsletter on global investments in the auto & mobility sector. Our lead story is Volkswagen AG’s series of investments with Chinese EV firms as the automaker accelerates its push into the world’s...
S&P Global, April 29, 2020 Author: Soon Chen Kang Theme: Retail & Consumer Products China's decision to extend subsidies and exemptions for electric and plug-in hybrid vehicles until 2022 is unlikely to significantly boost sales in this category, given the stronger effects the government's wider initiatives to...
The Wall Street Journal, April 29, 2020 Roughly $1 billion investment entitles state-owned entities to 24.1% stake in electric-vehicle maker’s China unit By Trefor Moss SHANGHAI— NIO Inc., the embattled electric-vehicle startup once feted as China’s answer to Tesla Inc., has secured a financial lifeline from state investors in...
Bloomberg News, December 18, 2019 Price reduction could help spur demand for Model 3 sedan Tesla preparing to start deliveries of locally made models Tesla Inc. is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans...
Bloomberg Business Week, November 22, 2019 The future for General Motors Co. in China is in the hands of customers like Yang Yanjun, a 46-year-old logistics executive in Shanghai. Yang and his family own two gasoline-powered cars—a Volkswagen and an Audi—and now he’s considering whether to...
The Associated Press, December 10, 2019 BY JOE MCDONALD, AP Business Writer BEIJING (AP) — Looking for a new car, Yang Zhibo considered an electric but balked at prices that are thousands of dollars higher after Beijing wound down multibillion-dollar subsidies that made China the biggest market...
Bloomberg News, September 23, 2019 NIO’s ET Preview car made its debut at the Shanghai Auto Show in April.(Greg Baker / AFP/Getty Images) Tesla Inc. took about 15 years to rack up $5 billion in losses. NIO Inc., the electric-vehicle maker that some see as China’s Tesla, did...