Norway first to reach over 50% electric in 2020 new car sales

Business / Corporate Jan 5, 2021

Norway first to reach over 50% electric in 2020 new car sales

Norway became the first country in the world where electric cars accounted for more than 50 percent of new registrations in 2020, according to figures published Tuesday by an industry group. According to Opplysningsradet for Veitrafikken (Information Council for Road Traffic), electric vehicles accounted for ...

Tesla’s China rival Nio joins race for cash with share sale

Business / Corporate Dec 11, 2020

Tesla’s China rival Nio joins race for cash with share sale

Chinese electric-car maker Nio Inc. joined the rush for fundraising among new-energy vehicle manufacturers, capitalizing on a 11-fold increase in its share price this year to boost its coffers. The manufacturer is selling 60 million American depositary shares in a follow-on offering, and has the ...