Tag: Hefei

Sep 28, 2020 - 04:32 pm

VW and JV partners invest €15Bn in e-mobility in China

Volkswagen will invest around 15 billion euros in electric mobility in China by 2024 with its three joint venture partners SAIC, FAW and JAC. This comes in addition to the €33Bn the Group had already announced in 2019 for the global development of the electric car sector.

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Mar 19, 2020 - 01:15 pm

Electric carmaker Nio is lacking liquidity

The Chinese electric vehicle maker Nio raised substantial doubt in its ability to continue its business due to on-going financial difficulties that have been exacerbated by the coronavirus. The reduced EV subsidies in China also played a part.

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Feb 26, 2020 - 01:36 pm

Nio launches production of the EC6

The Chinese electric car manufacturer Nio has started production of its third model after the ES8 and ES6. The start of production at the indebted company is also made possible thanks to a framework agreement with the city of Hefei, which is providing Nio with a billion-euro cash injection.

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Jun 6, 2019 - 01:32 pm

Nio starts series production of second ES6 model

The Chinese electric car startup Nio has started series production of its second ES6 model. Both series, the ES6 and the ES8, are currently manufactured at the Nio-JAC plant in Hefei. After Nio’s plans for a factory in Shanghai were abandoned, plans are now being made for a factory in Beijing.

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Apr 25, 2019 - 03:00 pm

China: VW to build electric car plant with JAC in Hefei

The joint venture between Volkswagen and JAC plans to invest the equivalent of 674 million euros ($750M) in an electric car plant in Hefei, China. The environmental permit has already been granted for the production of 100,000 electric cars per year.

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Mar 7, 2019 - 02:12 pm

Nio abandons plans for factory in Shanghai

The Chinese electric car startup Nio has abandoned its plans to build its own plant in Shanghai. Nio will continue to use its existing plant in Hefei that it shares with JAC Motors for the production of its electric cars.

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Found on electrive.com
https://www.electrive.com/2020/09/28/vw-pumps-15-billion-euros-into-e-cars-in-china/
28.09.2020 16:18