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: Energy Weekly | Another 10 billion yuan for NIO/ Tesla Model 3 made-in-China

Here is Energy Weekly report. We are committed to bring together all the topics and new launching vehicles in the new energy area. Last week, NIO signed a framework agreement with E-Town Capital. NIO will set up a new company “NIO China”, and E-Town Capital will invest RMB 10 billion in cash to acquire the non-controlling shareholders' equity of NIO CHINA. The MADE-IN-CHINA version of Tesla Model 3 began accepting reservations and is scheduled to be delivered within 6-10 months. Let's have a look at it.

English2019-06-04 14:28:18

: China Auto Trending Hashtag| FF $225M financing/ Tesla Shanghai Plant

On April 30th, Beijing time, Faraday Future (FF) has created a multiple-stream bridge financing program to support the company pending completion of its announced equity-raising program. The up to $225 million bridge financing facility announced today consists of a senior secured financing of $75 million and a vendor trust of up to $150 million. The secured vendor trust program of up to $150 million has been created with Birch Lake’s support to provide greater confidence to FF’s key suppliers and obtain their commitments to support the scheduled production launch of FF 91.

English2019-05-05 14:41:27

: Can new funder revitalize Borgward for third time?

December 28, 2018, rumors on the Internet that UCAR together with a new over-the-counter market company completed the acquisition of a 67% stake in Borgward. The same day, in the announcement of the progress of equity transfer issued by BAIC Foton, it was pointed out that Changsheng Xingye (Xiamen) Enterprise Management Consulting Co., Ltd., a new company established less than one month ago, became the real receiver and the final transaction price was RMB 3.973 billion yuan. It has been rumored that UCAR and Borgward, which have already reached a strategic partnership, will jointly develop a new retail model for automobiles.

English2019-01-03 17:06:22

: New BMW X5 will Made-in-China, electric version also available

On October 11, 2018, the BMW Group announced that it will acquire part of the equity of BMW Brilliance Automotive (BBA) for EUR 3.6 billion, intending to increase its stake in BBA from 50 percent to 75 percent and becoming the first foreign company that benefit from phasing out share-holding limits for foreign investors in auto manufacturing sectors. At the same time, the BMW Group announced together with its partner Brilliance China Automotive Holdings Ltd. (CBA) the early extension of the joint venture contract and the further deepening of the existing successful collaboration. The extended contract is valid for 22 years (from 2018 to 2040).

English2018-10-12 19:54:04

: 1st beneficiary of opening industry wider, BMW adds €3.6bn to BBA

On Oct. 11, IIA gained the news from the BMW Group: In the context of the 15th anniversary of BMW Brilliance Automotive (BBA), the BMW Group will acquire part of the equity of BMW Brilliance Automotive (BBA) for EUR 3.6 billion (approx. RMB 28.8bn), intending to increase its stake in BBA from 50 percent to 75 percent and becoming the first foreign company that benefit from phasing out share-holding limits for foreign investors in auto manufacturing sectors. At the same time, the BMW Group announced together with its partner Brilliance China Automotive Holdings Ltd. (CBA) the early extension of the joint venture contract and the further deepening of the existing successful collaboration. The extended contract is valid from 2018 to 2040. According to the plan, in the next few years, BMW will continue to implement its development strategies in China, including further investment and new capacity increasing.

English2018-10-12 19:24:40

: Foton Motor Group is to transfer 67% of Borgward equity.

On October 8, IIA learned from Foton Motor Group that Foton listed on the China Beijing Equity Exchange to transfer 67% of Borgward. In this regard, Borgward official said: This action is to absorb and inject more new capital into the brand, and it is looking forward to introducing a new model from the future marketing strategy to achieve a win-win development. After the transfer of the equity completed, Foton will strengthen its main business of commercial vehicles and boost the development of passenger vehicles.

English2018-10-09 17:45:26

: Jinkang New Energy will be the ninth “Dual-qualification” firm

The electric vehicle brand SF MOTORS, which was established in Silicon Valley, USA, was officially released in March this year. Its Chinese name is “Jinguo (in Pingyin） EV”. Currently, its 100% equity is currently held by Chongqing Jinkang New Energy Automobile Co., Ltd.. IIA learned from the Ministry of Industry and Information Technology of People’s Republic of China (MIIT) that Jinkang New Energy appeared in the list of to-be-approved new vehicle manufacturers released by MIIT on September 17. That is to say that, after the formal approval, Jinkang New Energy will become the ninth enterprise to obtain the qualification in both manufacturing and selling NEVs, also known as the “Dual-qualification” approved by the National Development and Reform Commission (NDRC) and MIIT.

English2018-09-19 16:43:58

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