EV Maker Archives - Page 2 of 2

Nio Unveils “Gemini” as Code Name for New Premium Model, Quashes Rumors of Entry-Level Release

Chinese electric vehicle (EV) maker Nio has clarified that the new model to be launched next year will maintain the brand's high-end positioning, ending speculations that Nio would launch a less expensive entry-level car.

Xpeng Fires Back at Tesla’s Accusations of Theft

Concerning Elon Musk’s comment, Xpeng’s CEO Xiaopeng He fired back on social media.

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.

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.”

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 Renews Prospectus with Issue Price, Hillhouse Capital Inclines to Invest

Li Auto updated its prospectus on July 25 and publicly issued 95 million American depository shares (ADSs) to U.S. investors with an issue price ranging from $8 to $10 per ADSs.

China’s EV Maker Xpeng Receives License for its Factory

Chinese electric vehicle (EV) startup Xpeng Motors has received a license from China’s Ministry of Industry and Information Technology to produce whole vehicles, the company announced today.

Xpeng Motors Acquires Guangdong-based EV-maker Foday

Chinese EV-maker Xpeng Motors fully acquired another Guangdong-based EV maufacturer Foday through its subsidiary Zhaoqing New Energy Investment Company Ltd.

EV Maker Xpeng Rakes in $400 Million in Series C Funding, Xiaomi Joins as Investor

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.

NIO Shares Surge Following Partnership With Intel’s Mobileye

The shares of the Chinese EV-maker NIO soared nearly 38% on November 5 after the company announced a deal with Intel's Mobileye on developing self-driving vehicle systems.

NIO Shares Drop 5.8% to $1.46

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.

WM Motor’s Electric Car Bursts Into Flames, Again

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.

Chinese EV Maker NIO to Lay Off Over 1000 Workers

On August 22, a number of employees from NIO, a Chinese electric vehicle company, confirmed to media that the company issued an internal letter stating that it will continue with layoffs. The letter reveals that NIO is planning to retain 7,500 people by the end of September.