Chinese EV upstart Xpeng Motors announced on November 13 the signing of a Series C capital funding of $400 million from a group of strategic and institutional investors.
Tao Lin spoke at a press conference in anticipation of the upcoming 2019 Shanghai City Promotion Conference, underscoring the importance of Shanghai in the successful development of Tesla’s gigafactory.
On October 24, celebrated in China as the programmers’ day due to the reference to the number 1024, XPENG Motors held a joint Tech Day with Tsinghua University.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
Electric car maker Tesla’s landmark gigafactory in Shanghai has officially received the required power supply for preliminary production from the State Grid Corp of China.
The share price of Chinese EV startup NIO fell by 5.8% to $1.46 on October 16, which marks the largest decline in the past six days.
On October 14, reporters from Chinese media 21Tech met with the new global CEO, Carsten Breitfeld, in FF’s Beijing office to discuss his vision for the company and Jia Yueting’s bankruptcy announcement.
Faraday Future announced that in order to solve the problem of personal debt, the founder and CPUO of the company, Jia Yuetin, applied for personal bankruptcy restructuring (Chapter 11) in the United States.
Chinese electric vehicle (EV) maker Singulato Motors received a capital injection from Japan’s Itochu Corp amounting to nearly $100 million on October 12, according to Reuters.
On October 11, an insider close to Faraday Future founder Jia Yueting’s creditors revealed that they had received documents indicating that Jia was looking to file for bankruptcy in the United States.
NIO shares surged as much as 12% on October 8 after the Chinese electric vehicle maker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter, exceeding expectations by a large margin.
Pandaily had the opportunity to have a sit-down interview with Xpeng’s Co-Founder Henry Xia to talk about the overall EV industry in China, the challenges, players and risks faced by Xpeng.
Tesla is reported to be putting together “a major engineering team in China.”
An electric car from Chinese EV-maker Weltmeister Motor (WM Motor) caught fire on the road in Wenzhou, a city in eastern China, on September 23, WM Motor confirmed on its official Weibo account.
On September 19, 2019, in Los Angeles, Faraday Future (FF) officially announced the latest equity financing, IPO, and FF 91 delivery strategy at the 2019 “919 Futurist Day” event.