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China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
The Chinese EV maker was initially aiming to make batteries in-house, before eventually dropping the plan with the aim of cutting down on costs.
China’s lithium battery industry detrimental for its economy
China's investment in the lithium battery industry has led to an oversupply of batteries, causing smaller manufacturers to face closures. By 2025, China's battery manufacturers are expected to produce quadruple the demand from EV makers, resulting in an estimated production capacity twice the demand levels.
China EV adviser Dong Yang sees tech tie-ups resolving EU trade conflicts
The Chinese government, industrial associations and companies should alleviate the impact on other markets as Chinese EVs exports grow and seek win-win relationships with local companies, Dong Yang, vice Chairman at think tank China EV100, wrote.
China EV maker Leapmotor set to raise $800 million in Hong Kong IPO
While that is less than the $1.03 billion the EV maker had said it was aiming to raise in its regulatory filings last week, the IPO would still be the city's largest this year. It had planned to raise $1.5 billion but cut the size after a lukewarm response from investors.
