EV company Archives

China VC Weekly: Comics, Chips and EVs

In last week’s VC news, Kuaikan raised the biggest funding round ever in the country’s comics industry, chip maker Pingxin Technology closed a $10 million Pre-A round, while Geely’s Zeekr closed its first external financing round.

China VC Weekly: Smart EVs, Medical Robots and EDA

Chinese smart EV manufacturer ENOVATE announced on Wednesday that it has completed its latest funding round, raising nearly 5 billion yuan ($742 million).

China VC Weekly: WM Motor’s pre-IPO Round and Panlin Capital’s New Fund

Chinese electric vehicle maker WM Motor has completed a 10 billion yuan D round of financing

Li Auto to Launch Full-size SUV Equipped with NVIDIA’s Latest Self-driving Chip Orin in 2022

Leading domestic EV manufacturer Li Auto signed a tripartite strategic cooperation agreement today with NVIDIA.

NIO Delivers 3,965 Vehicles in August, Year-on-year Growth Mounts 104%

NIO delivered a total of 3,965 units in August, a year-on-year increase of 104.1%, setting a new monthly high.

Xpeng Motors Soars 41.47% on First Day of Listing, Market Cap Reaches $15 Billion

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.

NIO Releases BaaS Battery Rental Service, Takes Lead in Business Model Innovation

Chinese EV manufacturer NIO released the BaaS battery rental scheme on Aug. 20, including features such as separation of the car and electricity, battery rental, recharging, exchanging and upgrades.

Chinese EV Maker NIO Releases Second Quarter Financial Results as Apple Poises for Market Entrance

The Nasdaq-listed leading domestic EV maker NIO Inc (NYSE: NIO) announced on Aug. 11 its unaudited financial results for the second quarter, which ended on June 30, before the close of the US stock.

Chinese EV Manufacturer Xpeng Motors Files for IPO on NYSE

Xpeng Motors formally filed an initial public offering with the SEC in the early morning of August 8 to list its shares on the New York Stock Exchange (NYSE) under the symbol “XPEV.”

China’s Evergrande Unveils Six New Energy Vehicles, Ushers in Leap-forward Development in NEVs

Chinese real estate giant Evergrande Health Industry Group Limited (Evergrande Health) announced on August 3 the prototypes of six new energy vehicle (NEV) models under its Hengchi brand in Shanghai and Guangzhou at the same time, marking a substantial development of the company in the NEV field.

Backed by Alibaba and Qatar’s Sovereign Wealth Fund, Xpeng Motors Receives Another $300 Million in Financing

Less than two weeks before announcing a $500 million series C+ round of financing, Xpeng Motors has once again raised $300 million in financing, Chinese tech media 36Kr reported, citing a source with knowledge of the matter.

Chinese EV Manufacturer Li Auto Goes Public on Nasdaq with Share Price Surging 43.13% on First Day, Market Cap Briefly Beats NIO

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.