Tesla apologized on Monday for asserting blame on the State Grid following a charging incident with one of its vehicles in east China.
EV manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) with the combined entity valued at $3.4 billion.
Shares of Chinese electric vehicle (EV) company Nio jumped as much as 14% on Monday, propelling the carmaker to a market valuation of more than $100 billion, making the start-up the third most-valued automaker after Tesla and Toyota. Monday’s gains followed the success of the company’s annual Nio Day over the weekend, when it announced…
Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.
NIO Inc., a Chinese smart electric vehicle (EV) manufacturer, showed strong growth in its unaudited financial results for the third quarter ended Sept. 30.
Leading mobile transportation provider Didi Chuxing unveiled its new model D1 on Nov. 17, the world’s first electric vehicle custom-built for ride-hailing.
Chinese smart electric vehicle company XPeng announced its unaudited financial results for the third quarter ended Sept. 30, 2020, showing a 265.8% year-on-year increase in deliveries and a 342.5% year-on-year growth in sales.
New energy vehicles are forecast to make up 20% of new car sales in China by 2025, according to a State Council statement published Monday.
Chinese e-commerce giant JD.com, Inc. signed an agreement with Xpeng Motors on Tuesday, providing Xpeng’s customers with services for their electric vehicles.
Xpeng Motors announced free supercharging benefits and a battery leasing plan for customers as well as debuted its air-enabled tech at the Auto China 2020.
Tesla announced a new battery solution for its electric cars at the "Battery Day" event on Wednesday, the biggest highlight of which is the further significant reduction in battery energy density and cost.
The coronavirus outbreak this year has restricted, stagnated, and destructed various industries, but some remain unscathed and have even gained momentum.
Chinese EV maker Li Auto announced its August delivery data on Sept. 2, which shows that the company delivered 2,711 Li ONE vehicles, the first and sole model of Li Auto, in August, a record high in monthly deliveries.
NIO announced on Aug. 27 that it plans to offer additional 75 million ADSs and grant the underwriters a 30-day option to purchase an excess of 11.25 million ADSs, according to a press release.
Xpeng Motors said in a filing with SEC on Aug. 21 that the company plans to issue 85 million American Depositary shares in the range of $11 to $13 per share in their US IPO.