Nio's chief finance officer Xie Dongying also confirmed that the company will cease construction of a new plant in northern Shanghai's Jiading district.
New-energy cars, which include battery-powered, plug-in hybrid and fuel-cell vehicles, are gaining popularity in China. Sales of these models reached 777,000 units last year and could surpass the 1-million mark in 2018, according to the China Association of Automobile Manufacturers.
Nonetheless, analysts expected that China will accelerate the reform of the SOEs in the coming months and more restructuring deals can be expected.
Nonbinding UN vote reflects collective will of the international community
News that the government had brought back Hong Kong residents stranded in Hubei province, Japan, Peru, and most recently, Morocco, gave Kantharia hope.
New user-tailored online bus-hailing services are now being offered in Shenzhen, reports Economic Information Daily.
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Nine months after joining Haven, the healthcare joint venture between Amazon, JPMorgan Chase and Berkshire Hathaway, COO Jack Stoddard has left the company.
No "de-sinicization" moves can separate the connections of history and culture across the Straits, Ma stressed.
Nine patients with kidney diseases came to HKCH on Tuesday, with the 13-year-old boy Julian being the first to register for clinical services. Julian began to see doctors when he was at the age of 12. He has congenital kidney disease.
New home prices in the four first-tier cities rose by 0.6 percent on a monthly basis, with Shenzhen recording the maximum growth of 0.8 percent, Guangzhou by 0.6 percent, Shanghai by 0.5 percent and Beijing by 0.4 percent on a monthly basis.