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.
China has extended subsidies for new energy vehicles (NEV) for two more years but in gradually reduced amount.
On March 18, Chinese EV-maker NIO released its latest financial report showing that the company’s fourth-quarter revenue fell year-on-year, while losses mounted.
As the COVID-19 outbreak shows few signs of ebbing, the impact of the epidemic is becoming evident in pretty much all industries. China’s new energy vehicle (NEV) sector is no exception.
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.
Tesla is applying to offer a new version of their China-made Model 3, according to a document from China’s Ministry of Industry and Information Technology.
Tesla has negotiated a 10 billion yuan ($1.4 billion) loan with Chinese banks to be facilitated over a five-year period.
BYTON has signed an agreement with Marubeni Corporation on December 5, making the Japanese company an investor in BYTON’s ongoing Series C funding.
Tesla's Gigafactory in China has been producing a large amount of Tesla Model 3 vehicles, however the company is still waiting for the official approval to begin selling the cars.
The Ministry of Industry and Information Technology (MIIT) is now raising the stakes, setting a higher target for the proportion of environmentally friendly cars out on the roads.
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.
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.
Chinese EV-maker XPeng launched its newest creation, the G3 2020, on July 10.
American EV-startup Faraday Future has fired a number of employees who have been on unpaid leave for months.
China's EV industry just keeps on growing and has now been joined by yet another newcomer, Leading Ideal. The company announced the official price and began accepting pre-orders of their newest model Leading Ideal ONE on Apr. 10.