On Sept. 16, a source said that Huawei may take a stake in Chang’an NIO, a joint venture between Chang’an Auto and leading domestic EV maker, NIO. According to people familiar with the matter, Huawei may not necessarily supply a capital contribution but may invest through its funds instead.
On the evening of Sept. 7, a car blogger surnamed Feng posted a video on Weibo, saying that Li Auto’s sole model Li ONE had another "broken axle" incident.
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.
Chinese electric vehicle manufacturer WM Motor is seeking to list its shares on the sci-tech innovation board (the STAR Market) after the completion of its D-round of financing.
The GB/T "Electric Vehicle Battery Swap Safety Requirements" drafted by BJEV, NIO, and other units have all cleared scrutiny.
CATL (300750.SZ) announced recently that it is developing a new technology to install the battery directly on the chassis of an electric car.
Hak Cheol Shin, CEO of Tesla’s battery supplier LG Chem, recently predicted that their battery business revenue will double by 2025.
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.
NIO’s domestic rival, Beijing-based electric vehicle startup Li Auto’s initial public offering in the US has been fully subscribed for a whopping $950 million, Reuters’ IFR reported.
Chinese grocery e-commerce platform MissFresh announced Thursday a new $495-million funding round led by a fund under state-backed China International Capital Corporation.
Leading Chinese electric vehicle maker NIO patented a technology on July 17 for a wireless charging system for an electric vehicle, as well as the same charging method (CN111422080A).