We’re going to provide a brief list of China’s most valuable automobile companies by market capitalization as of August 2020.
Many Chinese concept shares (CCS) plummeted after Monday’s closing. New popular electric vehicle stocks Xpeng Motor plunged 10.05%, Li Auto fell 7.39%, but NIO bucked the trend and rose 2.86%.
Leading Chinese EV maker Xpeng Motors (stock code: XPEV) kicked off trading on the New York Stock Exchange on the evening of Aug. 27 (Beijing Time) with an opening price of $23.1, soaring 56% from the issue price of $15 per share.
On Aug. 25, UBS boosted the rating of NIO from "sell" to "neutral" and bumped its price target from $1.00 to $16.30.
The BAIC Group’s New Energy ARCFOX αS currently has three models listed in the catalog, with maximum ranges reaching 525km, 603km, and 708km, respectively.
Xpeng Motors said in a filing with SEC on Aug. 21 that the company plans to issue 85 million American Depositary shares in the range of $11 to $13 per share in their US IPO.
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
Chinese EV manufacturer Xpeng Motors has raised an additional $100 million, bringing total funding to $400 million.
One of China’s top EV-makers, Xpeng Motors, announced that it has completed a C+ round of financing raising nearly $500 million.
Xpeng Motors, a leading smart electric vehicle company in China, announced on July 20 the signing of its Series C+ financing of around US$500 million.
Chinese electric vehicle and technology company Xpeng Motors began to deliver its battery-powered coupé Xpeng P7.
Chinese electric vehicle (EV) startup Xpeng Motors has received a license from China’s Ministry of Industry and Information Technology to produce whole vehicles, the company announced today.
As Chinese NEV companies grow muscle, their output also becomes more capable of rivaling Tesla, perhaps not comprehensively, but definitely on certain fronts.
Chinese EV-maker Xpeng Motors launched its new long-range intelligent EV sports sedan, the P7, the company’s second production model.
China has extended subsidies for new energy vehicles (NEV) for two more years but in gradually reduced amount.