20% of China’s New Car Sales to Be New Energy Vehicles by 2025 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.
XPENG Motors Gets Money from Huawei, Xiaomi, Foxconn for ‘Electric Auto 2.0’ XPENG has finished its A+ round financing and plans to announce B round financing in early 2018, XPENG Motors Chairman He Xiaopeng said in a Weibo post on December 15. Investment in this round of financing came from Xiaomi, Foxconn and IDG.
