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Chinese EV

EU Subsidy Probe: BMW says EU subsidy probe into China-made EVs could do more harm than good

Gilbert Adair Oct 7, 2023 0

The European Union's investigation into subsidies for China-made electric vehicles (EV) exported to Europe could do more harm than good, BMW's chief financial officer said on Friday, warning of a potentially big backlash from Beijing.…
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Automobile

Nio Inc: Chinese EV maker Nio raises $1 bln in convertible bond deal

Gilbert Adair Sep 20, 2023 0

SYDNEY - Chinese electric vehicle maker Nio Incsaid on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised…
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