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In addition to its NIO and ALPS brands, Chinese electric vehicle maker NIO is reportedly planning to launch a third automobile brand to cover the market below 200,000 yuan ($29,620).
On July 25, He Xiaopeng, Chairman of XPeng Motors, announced on social media that XPeng Aeroht, an affiliate of XPeng, officially opened its new trial factory.
California-based electric vehicle (EV) firm Faraday Future (FF) has recently released data regarding pre-orders for its FF 91 model, showing a total of just 300 units backed by a paid deposit.
Liu Tao, the co-CEO of Alibaba-backed IM Motors, commented on a recent fatal incident involving a Tesla vehicle in China. The executive believed that the Amercian EV maker had resorted to incredible excuses and even caused vehicle owners to monitor brake pedals with cameras.
Enjoy Move, an intelligent driving high-performance computing software platform, announced on July 28 its completion of B1-round financing totaling nearly 100 million ($14.8 million).
During the BYD 2022 annual report communication meeting, Chairman Wang Chuanfu shared his perspective on autonomous driving in a clear and honest manner. He dismissed unmanned driving as impractical and misleading, emphasizing that advanced assisted driving is the way forward for future development.
Recently, FAW-Volkswagen, Mercedes-Benz and other car companies have trended on Chinese social media because of their pop-up advertisements displayed in their vehicle systems. In fact, Great Wall Motor's HAVAL and NIO car owners have posted a few times about the same problem.
Xpeng Motors announced on December 11 that they had entered a partnership with NIO Power to collaborate on battery charging services, to optimize the charging experience for customers.
Henry Xia, President and Co-founder of Chinese electric vehicle maker XPeng, denied rumors on November 6 that the company may be considering adopting an extended-range power system in the future.
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.
Chinese electric vehicle maker XPeng is adjusting its organizational structure. The restructuring started about a week ago and is still in progress. It is expected that new appointments will be announced in the next week.
On June 1st, it was reported that with the arrival of June, the second half of 2023 officially began and various car companies have experienced explosive growth. Today, Li Auto announced its delivery data for May 2023.