Xpeng Motors Updates Prospectus with Plan to Raise up to $1.2 Billion
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.
Tag: #EV
Showing 12 of 81 posts with this tag
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.
12/24/20192 min read
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).
7/21/20202 min read
NIO CEO William Li Sets Sights on System Capabilities Amid 2023 Shortfalls, Preps for Fierce Competition in 2024
William Li's first internal letter of 2024 acknowledged that NIO's performance last year fell short of expectations, necessitating a swift enhancement of its organizational capabilities.
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.
Tesla VP Underscores Shanghai’s Cooperation on Gigafactory
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.
10/29/20192 min read
EV Startup NIO to IPO on the NYSE at $6.26 Per Share
Electric vehicle startup NIO will officially begin trading on the New York Stock Exchange (NYSE) starting on September 12, under the ticker symbol “NIO”. This i...
9/12/20182 min read
China VC Weekly: Retail, Biotech, EVs and Digital Media
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
8/10/20204 min read
Geely Achieves World's First Autonomous Drifting with AI Digital Chassis Technology
On March 27th, Chinese automaker Geely announced that, based on its self-developed AI digital chassis, it has recently achieved the world's first autonomous drifting for cars.
3/27/20242 min read
Faraday Future Announces the Sale of Its Property in North Las Vegas for $40 million
Faraday Future (FF) announced on Mar. 13 that it has decided to sell 900 acres of land in North Las Vegas, Nevada for $40 million.
3/14/20192 min read
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.
7/21/20202 min read
NIO Secures $2.2 Billion Investment from Abu Dhabi-based CYVN Holdings
Chinese electric vehicle manufacturer NIO revealed on Monday that it has signed a share subscription agreement with CYVN Holdings L.L.C.,. Under this agreement, CYVN will make a total cash investment of US$2.2 billion in NIO.