Nio-backed self-driving truck firm closes new $270 million round of financing
Inceptio was founded in April 2018 by IoT platform G7, GLP, and Nio Capital, with a business focus on autonomous driving for logistics operations.
Arcfox delivered 525 units in July, up 90 percent from June
In late May, the Arcfox α-S's production-line verification vehicle officially rolled off the production line, with small-volume deliveries scheduled for the fourth quarter of this year.
Nio Capital-backed mining self-driving firm raises tens of millions of dollars in new funding round
The market space for overseas mines is huge, and Yikong has the opportunity to provide low-cost and efficient driverless transportation services for overseas mines, generating greater economic value, Zijin Mining said.
EV battery maker CALB fights back against CATL's patent lawsuit
CALB confirmed it has received a patent lawsuit against the company by CATL, saying it has submitted a request for invalidation of those patents to the China National Intellectual Property Administration.
Nio offers preferential car purchase benefits to customers in flood-hit Zhengzhou
Between July 20 and Aug. 31, consumers in Henan province who pay a deposit for an Nio model can enjoy a 3-year interest-free benefit of RMB 300,000 ($46,425) and down payments as low as 15 percent.
Shenzhen is the city with most NEVs in China
The southern Chinese megalopolis of Shenzhen has the largest number of new energy vehicles in China for the sixth consecutive year, with 480,000 vehicles, or about 14 percent of the city's motor vehicle fleet, by the end of 2020.
OPPO discloses new car-related patent
Despite not officially announcing its entry into the car-making industry, Chinese smartphone giant OPPO is getting more and more patents in the field.
Nankai University establishes joint lab with lithium-ion battery maker
The lab will focus its efforts on the development of composite electrolytes with high ionic conductivity and low interfacial resistance, with the goal of applying them to next-generation metal-air and lithium-metal batteries.
Credit Suisse raises Xpeng price target to $72
Credit Suisse raised its price target on Xpeng Motors in a research note issued Monday, citing the electric car maker's strong July deliveries.
CMB International initiates coverage on Xpeng with Buy rating and HK$196 price target
CMB International initiated coverage of Xpeng Motors on Monday, giving its Hong Kong-listed stock a HK$196 ($25.2) price target and a buy rating.