EV Archives - Page 3 of 4

Li Auto Responds to Li ONE Vehicle Fire: Suspected Iron Shard Punctured High Pressure Fuel Pipe

A burning Li ONE vehicle was discovered at around 4 p.m. on Aug. 6 on the Sihui and Lianzhou expressways in Zhaoqing City, Guangdong Province.

Chinese EV Maker WM Motor’s Co-founder Lu Bin Resigns as WM Seeks to List on Star Market

Lu Bin, the co-founder and chief travel officer of WM Motor, resigned on Aug. 5.

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.

NIO, Xpeng Motors Hit Market at Chengdu Motor Show 2020 with Newly Launched Vehicles

The NIO EC6 Coupe SUV and Xpeng Motors G3i SUV models were launched on July 24 at the Chengdu Motor Show 2020, one of the most valued automobile events in China.

NIO Said to Establish Battery Asset Management Company, CALT Expected to Invest

Shanghai-based EV maker NIO is setting up a battery asset management company in August to boost the separation of cars and electricity and launch BaaS (Battery as a Service) products.

Alibaba-backed Self-driving Firm AutoX Granted Driver-less Test Permit

AutoX announced on July 17 at a press conference that it was granted a driverless permit by the California Department of Motor Vehicles (DMV).

Chinese Electric Vehicle Hozon Auto to Go Public on STAR Market in 2021

Zhejiang-based EV maker Hozon Auto has launched a Series C financing and plans to kick off trading on the Sci-Tech Innovation Board in 2021.

Meituan Dianping-Backed Chinese EV Maker Li Auto Targets $100M US Listing on July 31

Chinese electric vehicle maker Li Auto has filed for a U.S. initial public offering, aiming to list its shares on the Nasdaq Global Market on July 31.

Xpeng Motors Announces US$500mn Series C+ Financing

Xpeng Motors, a leading smart electric vehicle company in China, announced on July 20 the signing of its Series C+ financing of around US$500 million.

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.

China’s Latest New Energy Vehicle Subsidy Rules Make Domestic EV-Makers Concerned

China has extended subsidies for new energy vehicles (NEV) for two more years but in gradually reduced amount.

NIO’s Sales Increase Could Jeopardize Company

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.

Virus Decimates Chinese NEV Sales, But There Might Be Light Ahead

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.

NIO’s Third Largest Shareholder Gives Up Equity in the Company

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 Plans to Build Longer Range Model 3 in China, as China Sales Boom in 2019

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 Negotiates $1.4 Billion Loan With Chinese Banks

Tesla has negotiated a 10 billion yuan ($1.4 billion) loan with Chinese banks to be facilitated over a five-year period.

Japanese Marubeni Corporation to Invest in BYTON in Series C

BYTON has signed an agreement with Marubeni Corporation on December 5, making the Japanese company an investor in BYTON’s ongoing Series C funding.

Made-in-China Tesla Model 3 Awaits Sales Permit

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.

China Raises 2025 New Energy Car Sales Target to 25%

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.

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