In last week’s VC news, Kuaikan raised the biggest funding round ever in the country’s comics industry, chip maker Pingxin Technology closed a $10 million Pre-A round, while Geely’s Zeekr closed its first external financing round.
Chinese smart EV manufacturer ENOVATE announced on Wednesday that it has completed its latest funding round, raising nearly 5 billion yuan ($742 million).
Chinese electric vehicle maker WM Motor has completed a 10 billion yuan D round of financing
Leading domestic EV manufacturer Li Auto signed a tripartite strategic cooperation agreement today with NVIDIA.
NIO delivered a total of 3,965 units in August, a year-on-year increase of 104.1%, setting a new monthly high.
Leading Chinese EV maker Xpeng Motors (stock code: XPEV) kicked off trading on the New York Stock Exchange on the evening of Aug. 27 (Beijing Time) with an opening price of $23.1, soaring 56% from the issue price of $15 per share.
Chinese EV manufacturer NIO released the BaaS battery rental scheme on Aug. 20, including features such as separation of the car and electricity, battery rental, recharging, exchanging and upgrades.
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.
Xpeng Motors formally filed an initial public offering with the SEC in the early morning of August 8 to list its shares on the New York Stock Exchange (NYSE) under the symbol “XPEV.”
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.
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.
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.
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.
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.
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).