Chinese Electric Carmaker XPeng Raises $2.16 billion in Upsized Share Sale
Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.
12/10/20202 min read
Tag: #EV
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XPeng Motors: Cross-border Innovation, the Driving Force Behind Smart Cars
He Xiaopeng, XPeng Motors Chairman and CEO, was the only representative of the emerging automobile manufacturing force to be invited to deliver a keynote speech...
10/19/20182 min read
Chinese EV Maker Nio Shares Surge 14% to Hit $100 Billion Market Valuation Following ET7 Sedan Debut
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, m...
Byton and Bosch Sign Strategic Cooperation Agreement on Powertrains and Braking Systems
Byton, a premium smart electric vehicle startup, and supplier Bosch Group signed a strategic cooperation agreement in Germany on Sept. 24. The agreement focuses...
9/28/20182 min read
Renault Signs EV Battery Deal with China's Envision AESC and France's Verkor
French carmaker Renault said on Monday it had sealed partnerships with China's Envision AESC and France's Verkor to produce electric car batteries in northern France, Reuters reported.
NIO Plans to Offer 75 Million ADSs, Targets $1.5 Bln to 1.7 Bln
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.
8/28/20201 min read
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.
Chinese EV Maker NIO Releases Second Quarter Financial Results as Apple Poises for Market Entrance
The Nasdaq-listed leading domestic EV maker NIO Inc (NYSE: NIO) announced on Aug. 11 its unaudited financial results for the second quarter, which ended on June 30, before the close of the US stock.
8/12/20204 min read
NIO CEO Li Bin Considers Collaborating with European Local Companies to Establish Factories
The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.
5/24/20242 min read
Tesla’s Stellar Q1 Results Eclipsed by Publicity Crisis in China
Despite announcing a strong start to 2021 with record revenues and deliveries, Tesla is still struggling to redeem its reputation amid a publicity crisis in the world’s largest car market.
Blockchain Startup EVAIO to Invest $900 Million in Faraday Future
“EVAIO has made contact with Faraday Future to invest 900 million USD over three years via indirect STO. FF and EVAIO will now start up the discussion for the d...
12/4/20182 min read
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.