Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.
The post NIO Capital leads Series A funding round in local battery recycling firm appeared first on CnEVPost.
For more articles, please visit CnEVPost.

After a disappointing 2022, some tailwinds will drive a recovery in retail sales and production in the Chinese auto sector in 2023, Goldman Sachs said.
Volkswagen has revealed ID.7 as the name for the next model in its ID electric-vehicle family, and this week at CES in Las Vegas it’s showing a “digital camouflage” prototype of the ID.7 ahead of a production-bound reveal later this year. Based on the ID.Aero concept car that VW had already confirmed was U.S.-bound, the ID.7 is a...
Although Rivian’s trend-setting R1T and R1S electric trucks and their outdoorsy lifestyle take top billing in headlines, Rivian EDV electric delivery vans have always been a top priority. As for why, look no further than one of the top retailers in the world. In 2019 Amazon announced it ordered 100,000 electric vans from Rivian as part of a...
Each bidirectional EV charger installed could pay for itself in three years, and earn up to $15,000 over 10 years, according to projections from a firm that provides such equipment. Chargers installed for vehicle-to-grid (V2G) operation, allowing EVs to discharge power back into the grid, have similar upfront costs to conventional chargers. But...
"The short is answer is yes but we share investor frustration following the guidance cut last week," Edison Yu's team wrote.
"I am very confident that in the near future, China supply chain and the auto industry will return to normal," Li said.
The ES6 is NIO's least expensive SUV and contributed 46 percent of the company's sales from January-August 2022.
Li Auto showed strong execution and sequential growth, while Zeekr's sales performance was the biggest positive surprise of last year, said Edison Yu's team.