GAC, Nio in talks about investment of up to $150 million

By Jill Shen

Jan 16, 20202 min read Feng Xingya (left), president of Guangzhou Automobile Group shaking hands with Nio founder William Li (right) in Guangzhou in December 2017. (Image credit: GAC) China’s Guangzhou Automobile Group (GAC) on Thursday confirmed th…

GAC, Nio in talks about investment of up to $150 million

By Jill Shen

Jan 16, 20202 min read Feng Xingya (left), president of Guangzhou Automobile Group shaking hands with Nio founder William Li (right) in Guangzhou in December 2017. (Image credit: GAC) China’s Guangzhou Automobile Group (GAC) on Thursday confirmed th…

China’s EV market prospects a long-term positive: UBS

By Jill Shen

Jan 15, 20202 min read Despite a first-ever annual decline in China’s low- and zero-emission vehicle sales in 2019, an analyst from Swiss banking group UBS is positive on the market and expects that it will rebound this year, he said Tuesday.
Why it…