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NIO to redeem 8.6% stake in NIO China from investors, shares up 3% pre-market
NIO has agreed to redeem 8.6 percent equity interests in NIO (Anhui) Holding Co., Ltd., the legal entity of NIO China, according to an SEC filing.
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China plans flight-based space transportation in 2045, with one-hour access to the globe
China plans to achieve one-hour global arrival and flight-based ground-to-orbit and orbit-to-orbit space transportation by 2045 on the basis of a comprehensive upgrade of the performance of new-generation launch vehicles, according to the Xinhua News Agency.
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NIO starts shipping EC6 from factory, first owners to get deliveries soon
NIO said today that its third mass-produced vehicle, the EC6, has started shipping out of the factory and will be delivered to owners soon.
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Evergrande's car making arm plans IPO on Shanghai STAR market
Evergrande NewEnergy Vehicle Group, the car making arm of China's biggest property developer China Evergrande, announced on September 18 that it intends to issue RMB shares on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.
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NIO exec says 92% of its parts come from China
NIO gets about 92 percent of its parts from local production and 8 percent from imports, Shen Feng, NIO executive vice president and chairman of the global quality committee, said at an event in Nanjing on September 16.
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ByteDance reportedly plans TikTok IPO which could come in about a year
ByteDance will file for the initial public offering (IPO) of TikTok Global, the new company that will operate the popular short video app, should their proposed deal be cleared by the White House, according to Reuters.
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China's private rocket company Space Pioneer closes hundreds of millions of yuan in Series A financing
Space Pioneer, a private Chinese rocket company, has announced the completion of hundreds of millions RMB Series A round of financing.
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Baidu Apollo launches first L4 self-driving Robobus in Chongqing
Baidu was awarded 10 licenses to operate autonomous driving human testing in Chongqing, where Baidu Apollo and King Long collaborated to launch Robobus, an L4 autonomous vehicle.
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WM Motor and Apple launch Apple Watch dials for remote vehicle control
Chinese electric vehicle startup WM Motor has teamed up with Apple to launch exclusive dials for the Apple Watch Series 6, becoming the first company in China to customize the Apple Watch so that users can control their vehicle remotely by lifting their hands.
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NIO is China's best quality brand for electric cars, ahead of Tesla, report shows
NIO is the best quality electric vehicle sold in China, ahead of the Tesla, according to a report released today by market research firm J.D. Power.