EV company Archives - Page 2 of 3

Chinese EV Manufacturer Li Auto Goes Public on Nasdaq with Share Price Surging 43.13% on First Day, Market Cap Briefly Beats NIO

Chinese fast-growing electric vehicle maker Li Auto kicked off trading on July 30 on the Nasdaq Global Market with its share price soaring 43.13% from its IPO price of $11.5.

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.

Chinese EV Manufacturer Li Auto Renews Prospectus with Issue Price, Hillhouse Capital Inclines to Invest

Li Auto updated its prospectus on July 25 and publicly issued 95 million American depository shares (ADSs) to U.S. investors with an issue price ranging from $8 to $10 per ADSs.

Tencent-backed Leading Chinese EV Maker NIO Patents Technology for Wireless Charging System, Method

Leading Chinese electric vehicle maker NIO patented a technology on July 17 for a wireless charging system for an electric vehicle, as well as the same charging method (CN111422080A).

Xpeng P7 Starts Delivery in China

Chinese electric vehicle and technology company Xpeng Motors began to deliver its battery-powered coupé Xpeng P7.

Tesla Lays the Roof of Its Model Y Production Facility in Shanghai

Tesla is currently building the second phase of its Shanghai plant, which seems to be in the roof laying stage.

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.

Xpeng Motors Launches Sports EV P7 With Record 706km Driving Range

Chinese EV-maker Xpeng Motors launched its new long-range intelligent EV sports sedan, the P7, the company’s second production model.

Faraday Future Appoints New Board Member

Faraday Future (FF) announced the appointment of Brian Krolicki as the first independent member of its board of directors.

NIO To Launch New Headquarters in Hefei, Receives 10-Billion-Yuan Investment

On February 25, the signing ceremony of Anhui province's major industrial project took place at the JAC-NIO production base in Hefei.

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.

NIO Announces $100 Million Short-term Debt Financing

Chinese electric vehicle (EV) manufacturer NIO announced a $100 million short-term debt offering on Thursday and said it’s “currently working on several other financing projects.”

Xpeng and NIO Join Forces to Expand Charging Pile Territory

Xpeng Motors announced on December 11 that they had entered a partnership with NIO Power to collaborate on battery charging services, to optimize the charging experience for customers.

NIO Shares Surge Following Partnership With Intel’s Mobileye

The shares of the Chinese EV-maker NIO soared nearly 38% on November 5 after the company announced a deal with Intel's Mobileye on developing self-driving vehicle systems.

Faraday Future New Global CEO Shares Opinion on Jia Yueting’s Bankruptcy

On October 14, reporters from Chinese media 21Tech met with the new global CEO, Carsten Breitfeld, in FF's Beijing office to discuss his vision for the company and Jia Yueting's bankruptcy announcement.

Faraday Future Announces Its Latest Financing and Delivery Plans

On September 19, 2019, in Los Angeles, Faraday Future (FF) officially announced the latest equity financing, IPO, and FF 91 delivery strategy at the 2019 "919 Futurist Day" event.

Tesla Shanghai Gigafactory Begins Model 3 Production and Pre-orders

On May 31, Tesla announced that it will produce the Model 3 standard range version at the Shanghai Gigafactory in China. The vehicle is now also officially available for pre-orders. The standard range Model 3 has a cruising range of 460 km and sells at 328,000 yuan (~$47,450). It is 49,000 yuan cheaper than the […]