New energy

NIO, a pioneer in China’s premium electric vehicle market announced on its investor relations website that it has recently completed a total of US $ 100 million in convertible debt financing projects. The investors are two Asian investment funds with amounts of US$70 million and approximately US$30 million, respectively.

On February 17, the wind and photovoltaic power generation exceeded 8 million kilowatts for the first time in Anhui Province, which reached 8.15 million kilowatts, taking up 48% of the province’s electricity consumption.

Recently, 63 dual-powered trolleybuses have been put into use on the main roads of the historic center of Mexico City, the capital of Mexico, all of which come from China’s Yutong Bus. This batch of Yutong trolleybuses is the largest volume of dual-powered trolleybuses introduced to Mexico and the entire Latin American region.

On the evening of January 21, TGOOD (300001) disclosed the latest progress of its subsidiary Teld’s capital increase and share expansion. Various parties have agreed that they will subscribe for the additional registered capital of RMB 76.53 million at a premium of RMB 1.35 billion. The investors include CDH Investments, Venus Growth, CCT Fund, China Reform Capital, etc.

According to Reuters, Geely’s high-end electric vehicle brand Polestar plans to significantly expand its stores in China.

According to the website of the Ministry of Industry and Information Technology, BYD will supply electric vehicle batteries to Ford’s joint venture in China.

According to Chinastarmarket.cn, the national plan for hydrogen fuel energy storage industry is under preparation and is expected to be released in 2020.

On the NIO’s financial report conference call, William Li Bin said that NIO China has opened up the RMB fundraising channel.
From the perspective of NIO, it has the possibility of IPO in the Chinese capital market, and subsequent decisions will be made based on the capital market, including the situation of the Chinese capital market.

According to the data from Tianyancha, on May 25, Shanghai Weilai Automobile Co., Ltd. (NIO) experienced some commercial registration changes.
Among them, the investor changed from NIO NEXTEV LIMITED to Weilai (Anhui) Holdings Limited.

Miao Wei, Minister of Industry and Information Technology, said that the central government has formulated policies and measures to promote the development of new energy vehicles.