A recent report showed that Nio and Xpeng are tied for first place with 13 financing events each in China's new energy vehicle industry over the past decade, out of a total of 897 financing events.
The report, released by data provider Qichacha Big Data Institute, said the total disclosed financing amount disclosed by China's new energy vehicle industry exceeded RMB 100 billion for the first time in 2020, reaching RMB 129.21 billion, a 159.4 percent jump year-on-year.
A total of 897 investment and financing events emerged in China's new energy vehicle industry in the last decade, with a disclosed investment and financing amount of RMB 384.11 billion, the report said.
Nio and Xpeng are tied for the top spot in terms of the number of financing events over the past decade. CATL, China's largest automotive lithium-ion battery maker, ranks third with 12 financing events, while Li Auto ranks fifth with 10 financing events.
In terms of total financing amount, Nio ranked first with 32.78 billion RMB and Faraday Future ranked second with 30.96 billion RMB.
Also in the TOP 10 are BAIC BluePark New Energy, CATL, WM Motor, Xpeng, Li Auto, Tesla Shanghai and others.
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