According to the Ministry of Industry and Information Technology, China's NEV production hit 78,500 in the first six months of 2015, a three-fold annual increase. Great Wall Motors, China's largest SUV manufacturer, announced earlier this month that it will raise a fund of up to 16.8 billion yuan ($2.7 billion) in a private share placement to pay for R&D into new-energy vehicles, intelligent vehicles and auto parts. The company said the IPO would be held on May 1 at an undisclosed location in China.
Great Wall Motors, China's largest SUV manufacturer, announced earlier this month that it will raise a fund of up to 16.8 billion yuan ($2.7 billion) in a private share placement to pay for R&D into new-energy vehicles, intelligent vehicles and auto parts. The company said the IPO would be held on May 1 at an undisclosed location in China.