People walk past a Nio dealership in Beijing. [Photo by Li Fusheng/China Daily]
In recent years, China s new energy vehicle sector has been booming and has become an important engine for the country s economic growth. However, there have been some exaggerated claims and safety incidents that deserve the authorities attention.
Recently, the Guangzhou Automobile Group Co Ltd claimed that thanks to graphene-based batteries, its NEV can be charged 80 percent within 8 minutes and have a long drive range of 1,000 kilometers. As a result, the GAC Group s A-shares rose to the daily upper ceiling and its H-shares soared by nearly 30 percent. The A-shares of the graphene sector, too, rose.