VOYAH FREE, a Li ONE competitor, begins trial production
The mid-size SUV is already available for reservation and is expected to be delivered in the third quarter of this year, with an expected price of no more than RMB 400,000 ($61,900).
Xpeng's chairman says he once made enough money on stocks including Tesla to buy two or three planes
"By the end of 2019 to the beginning of 2020, I made enough money to buy two or three planes, but then I've been putting it into my startup," he said at the GeekPark Innovation Conference 2021.
Morgan Stanley initiates coverage on Xpeng with Overweight rating and $70 price target
The analyst is bullish on Xpeng's long-term growth prospects in China's electric vehicle market, where it has taken first-mover action in developing the full range of in-vehicle and autonomous driving systems.
About 50% of Faraday Future's funding comes from Chinese investors
US-based electric car company Faraday Future (FF) will receive $1 billion in funding through a US IPO, half of which comes from Chinese investors.
SAIC-GM-Wuling says its cumulative sales of small EVs exceed 300,000 units
Among them, Hongguang Mini EV, the best-selling model, has exceeded 150,000 units in six months after its launch, and won the top spot in China's new energy sales for four consecutive months from September to December 2020.
Geely's premium brand Lynk & Co's Model 3 competitor begins trial production
The Lynk ZERO Concept offers both single and dual motor drive options, with a 0-100km acceleration time of less than 4s and an NEDC range of over 700km.
Geely-Foxconn joint venture could produce vehicles for Faraday Future in China
As a financial investor, Geely also participated in a small investment in the FF SPAC IPO.
Faraday Future has raised $4.8 billion in total funding, second only to Nio
US-based EV maker Faraday Future (FF) has raised a total of 8 public financing rounds since its inception, totaling 30.96 billion yuan ($4.8 billion), second only to its Chinese peer Nio, according to data provider Qichacha.
BYD reportedly to supply blade batteries to FAW and Hongqi
BYD will supply its blade batteries to FAW and Hongqi and the batteries will be installed in the two companies' vehicles in the second half of the year, local media report said.
Nio's William Li says high market cap puts more pressure on the EV maker than 2019
Nio shares rose 1,286 percent the past year to a current market capitalization of $91 billion, crossing Daimler as the fifth-highest market capitalization car company in the world.
