Chinese auto startup Nio just had its $1 billion US initial public offering. While the share price fluctuates, investors ask the same question: will the Shanghai-based upstart supplant Tesla as the world’s top luxury electric car brand? Like Tesla, its cars offer sleek, space-age designs. It also has a flair for marketing stunts: in Nio’s case, setting the fastest lap ever recorded by an electric car at Germany’s Nürburgring. But Nio is offering cutting-edge technology at jaw-dropping prices. Its ES8, priced at RMB 448,000 ($70,000), costs only around half as much as a Tesla Model X does in China.
This week, mainland investors pushed the Hang Seng Index to a seven-year high; Alibaba’s Ant Financial launched a Big Data-based stock index; and Cloud Live Technology teetered close to a default.
As awareness increases, Chinese consumers are taking to electric vehicles. But just how evolved is the Chinese electric car industry?
Having finally brought its innovative technology here, Tesla China now faces the challenge of making it work in the worldʼs largest auto market.
The sharing economy has threatened traditional industries in the West in the last few years. Now it’s gaining a foothold in China.
This week, all eyes were on the Chinese economy growth figures, the lowest since 2009; and and Tesla stunned company watchers by opening a store on Tmall.
Why own when you can share? Understanding the dynamics of the sharing economy which, by some estimates, will become a $115 billion industry by 2016.
The government money is there, the producers are capable, so what is stopping electric cars in China from taking off?
This week, Mercedes-Benz faced an anti-monopoly probe; the Tesla China trademark episode finally came to an end; WeChat got new rules for news while Line and Kakao Talk got axed in China; Xiaomi edged ahead of Samsung; and Priceline invested in Ctrip. For the China Policy Wonks… The Chinese government made a lot of headlines this […]
This week, China PMI index (Purchasing Managers Index) showed a slight improvement as did the Shanghai Composite Index; Microsoft likely to face anti-monopoly charges; and Tesla changes its stance on charging stations. Numbers You Should Know Even as the world is still taking in all the economic data released by the US this week, here […]