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New Energy Vehicle Sales to Grow Over 40% Per Year in China

NEV makers, such as Tesla Inc, Nio Inc, Xpeng Inc and BYD, are expanding manufacturing capacity in China, encouraged by the government’s promotion of greener vehicles to cut pollution. SHANGHAI: China’s new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at the […]

A $22 Billion Plan to Export Solar Power From Australia to Singapore Clears Key Hurdle – EQ Mag Pro

Chinese Electric Vehicle Maker Nio Launches its 1st Overseas Store in Norway

The company, backed by Chinese tech giant Tencent, has delivered over 100,000 cars since it was set up in 2014, almost all of them in China. BEIJING : Chinese electric vehicle (EV) maker Nio Inc said on Thursday that it had launched its first overseas store in Norway and plans to start selling cars in […]

‘2027 good time to be electric’, says Hero Electric MD Naveen Munjal – EQ Mag Pro

Nio Looks To Expand EV Charging Infrastructure In Partnership With Germany’s Metro

Chinese electric vehicle maker Nio Inc NIO 0.02% has agreed to partner with German retail giant Metro AG MTTWF to construct electric vehicle charging stations and battery swap stations, cnEVpost reported Monday. What Happened: Nio signed a long-term strategic partnership deal with the China arm of Metro, as per the report. The two companies will […]

Assembling Electric Vehicle Charging Stations – EQ Mag Pro

Does Tesla’s Tumble Mean The Electric Car Party Is Over?

Tesla Inc’s (TSLA) stock has taken a tumble over the last few week, falling almost 30% since January 26.That’s hundreds of billions of dollars wiped off the value of one company in a matter of weeks. Other stocks int he sector took a similar beating, such as Nikola (NKLA) and Nio Limited (NIO). They are […]

‘2027 good time to be electric’, says Hero Electric MD Naveen Munjal – EQ Mag Pro

For electric-vehicle maker Nio, government tie-up has its benefits

Chinese electric-car maker Nio Inc. said it had secured credit lines worth 10.4 billion yuan ($1.48 billion) from six domestic banks, just months after inking a cooperation deal with a city government, as the company hunts for funding amid concerns of tightening liquidity. The lenders are all branches of national state-owned commercial banks based in […]

‘2027 good time to be electric’, says Hero Electric MD Naveen Munjal – EQ Mag Pro

NIO, the embattled electric car company, is getting a big bailout from Beijing

Beijing is picking winners and losers in China’s electric vehicle industry. And it appears the Chinese government has chosen to bestow its favor on NIO, a Shanghai-based company listed on the New York Stock Exchange. NIO is establishing a joint venture with a state-owned fund, Beijing E-Town International Investment and Development company (E-Town Capital), the […]

‘2027 good time to be electric’, says Hero Electric MD Naveen Munjal – EQ Mag Pro