Xpeng sets up new energy investment firm with 100M investment
Chinese electric car startup Xpeng Motors has recently established the Zhaoqing Xpeng New Energy Investment Co., Ltd., with a registered capital of 100 million yuan. Its legal representative is Xia Yan, co-founder and president of Xpeng.
Morgan Stanley raises Tesla target price to $1200 from $650
Tesla's target share price has been raised from $650 to $1200 by Morgan Stanley analyst Adam Jonas, who was previously bearish on Tesla.
What exactly is the cobalt-free battery Tesla is going to use in China?
According to media reports, Tesla will use the cobalt-free battery produced by the Contemporary Amperex Technology (CATL), which is simply lithium iron phosphate power battery.
Tesla will design batteries on its own, report says
Tesla will develop new batteries on its own, and it is expected that specific information such as battery composition will be announced at the battery investor meeting in April, Chinese media E-Company quoted unnamed Tesla sources as saying.
Nio shares surge 5% pre-market after Geely investment report
Nio shares rose 7% in pre-market trading on Tuesday, after report said China's largest domestic car maker, Geely Automobile, is planning to invest in it.
Tesla in talks to use CATL batteries in China-made cars, report says
Tesla is in advanced stages of talks to use batteries from Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, in cars made at its China plant, Reuters reported citing people familiar with the matter said.
China's Geely is investing $300 million in Nio, report says
China's largest car company, Geely Automobile, is planning to invest in Nio. Not surprisingly, this news will be announced in the near future.
Tesla shows third-party charging station info to Chinese owners
As some Tesla supercharging stations were closed, Tesla starts to show third-party charging stations to the vehicle system in China.
Xpeng P7 rear drive long-range model declaration photo appears
Chinese electric car startup Xpeng Motors released the Xpeng P7's rear-drive long-range sedan in December with a pre-sale price of 240,000 yuan.
Hillhouse Capital, Nio's 3rd largest shareholder at IPO, clears shares
As of December 31, 2019, Hillhouse Capital no longer holds shares in Chinese electric vehicle maker Nio, according to documents submitted to the US Securities and Exchange Commission.