Electric Vehicles

Strong US and Asian investors’ demand for its first new share sale since listing in New York comes even as Nio says it will not pay dividends any time soon.

Existing investor Tencent will secure 2.8% of Nio’s ADS for about USD 10 million.

The startup, valued at USD 400 million last year, submitted the documents to the SEC in secret, according to sources.

Ehang is the world’s first autonomous aerial vehicle company approved to conduct commercial trials of passenger drones for transporting heavy cargo, it says.

Semiconductor investment has been growing steadily in 2020 as China aims for technological self-sufficiency.

The firm expects to break its quarterly record for vehicles delivered in the second quarter.

Ola Electric competes with companies such as Bounce, Vogo, and Yulu, among others.

China’s leading e-scooter company was hit hard by the COVID-19 pandemic but retains a positive outlook as demand recovers.