Xpeng sets up autonomous driving subsidiary, possibly to pave way for robotaxi business
Xpeng will explore the robotaxi business in the second half of 2022, and the subsidiary is likely to be the operating entity for the business.
Nio sets up insurance brokerage firm with registered capital of about $8 million
Nio recently incorporated an insurance brokerage company in Hefei, Anhui Province, where its China headquarters is located.
CATL sets up mining company after BYD
In December, the quoted price of lithium carbonate rose from RMB 200,000 per ton at the beginning of the month to an average price of RMB…
Nio establishes new sales company in Guangdong
The company is 100 percent owned by Nio Auto Sales & Service Co which now owns 54 sales companies.
Nio increases registered capital of its operating entity in China by 20% to $3 billion
The registered capital of Shanghai Nio Co Ltd was increased by 20 percent to $3 billion on September 18, following similar moves of three of…
Xpeng has established 3 car sales companies this month
Nio is now focusing on building its replenishment network, particularly its signature battery swap stations, while Xpeng Motors, is rapidly…
Nio’s auto sales subsidiary increases registered capital by 50% to $1.5 billion
After its two Anhui-based subsidiaries received a 50 percent increase in registered capital, Nio's auto sales subsidiary saw a similar move.
Nio increases registered capital of two subsidiaries in Anhui by 50%
Nio recently increased the registered capital of two of its companies in Anhui by 50 percent, for a combined increase of RMB 4 billion ($620 million).
Xpeng establishes new car sales company in Kunming
Xpeng Motors established a new car sales company in the southwestern Chinese city of Kunming on Tuesday.
BYD gears up for its expanded presence in battery sector by setting up new firms
In addition to the rapid growth in new energy vehicle production, BYD is also accelerating its expansion in the power battery sector.