We’re going to provide a brief list of China’s most valuable automobile companies by market capitalization as of August 2020.
Chinese fast-growing electric vehicle maker Li Auto kicked off trading on July 30 on the Nasdaq Global Market with its share price soaring 43.13% from its IPO price of $11.5.
Zhejiang-based EV maker Hozon Auto has launched a Series C financing and plans to kick off trading on the Sci-Tech Innovation Board in 2021.
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.
Though influenced by the COVID-19 pandemic, NIO's losses are narrowing. What's more, NIO has reached agreements with investors for investment in China.
Recently, an owner of Tesla’s upgraded Model 3 reported on Weibo that the hardware code of their car controller was inconsistent with the number on the documents of the vehicle.
As of December 31, 2019, Hillside Capital no longer holds equity in NIO. So far, 2020 has seen NIO raise $200 million in convertible bond financing.
Tesla is applying to offer a new version of their China-made Model 3, according to a document from China’s Ministry of Industry and Information Technology.
As of February 2, Tesla temporarily shut down its stores in mainland China as the novel coronavirus worsens, according to a news report by CNBC on Thursday.
On February 3, Chinese battery manufacturer CATL announced that it has signed a two year supply agreement with Tesla effective between July 1, 2020 and June 30, 2022.
Electric vehicle startup Xpeng Motors ranked first among Chinese automakers in smart & connected car technology patents in 2019 with 335 patent applications.
Hon Hai Precision Industry Co, part of Foxconn Technology Group, plans to form a joint venture with Fiat Chrysler Automobiles (FCA) to develop and produce electric vehicles in China.
Alibaba has announced a strategic partnership with FAW Group, one of China’s largest automobile companies.
For the first time since 2016, Tesla has surpassed the Chinese automaker BYD as the world's new energy vehicle sales champion, with 367,500 vehicles sold.
Faraday Future announced on January 8 that its FF91 model completed a 250-mile long-distance road test at the Consumer Electronics Show (CES), held annually in Las Vegas.