Tesla’s Chinese rival gets lukewarm reception at IPO
Chinese new-energy vehicle firm NIO Inc received a mixed response from investors during its initial public offering in New York on Tuesday, Bloomberg reports, with the up-and-coming rival to... Read more
August marked another gloomy time for China’s auto industry as car sales dropped for the third straight month, Bloomberg reports. Sales of personal cars, SUVs, and multipurpose vehicles fell... Read more
China’s leading ride-hailing platform Didi Chuxing posted a Rmb 4 billion ($580 million) net loss for the first half of 2018, the Financial Times reports, as it continues to fork out heavy s... Read more
Japan’s Suzuki Motor Corp. is withdrawing from China following sinking sales amid fierce competition in the world’s largest auto market. Suzuki sold just 119,000 vehicles in 2017, less than... Read more
Chinese electric car startup Nio Inc has encountered skepticism from US investors as it kicks off its financial roadshow aimed at attracting support ahead of its upcoming initial public offe... Read more
