Meituan's founder said to have once borrowed $285 million from Goldman Sachs to invest in Li Auto
Wang Xing, the founder, and CEO of China's online service super-app Meituan, at one time, pledged his shares in Meituan to Goldman Sachs and borrowed $285 million to invest in Chinese EV maker Li Auto, according to a veteran media personality.
BYD reportedly to build electric super coupe
Chinese automaker BYD is said to be building an electric super coupe, internally codenamed R2, with very high power performance and a sports car look, according to Autohome.
Xpeng sends second batch of 209 G3 SUVs to Norway
Chinese EV maker Xpeng Motors said on February 4 that the second shipment of 209 Xpeng G3 SUVs has recently departed Guangzhou for Europe, following the export and delivery of the first 100 G3s to Norway in 2020.
Chinese power battery maker Svolt Energy to mass produce first cobalt-free batteries
Svolt Energy, a battery maker owned by Chinese automaker Great Wall Motors, announced that the material of cobalt-free cathode, the core material required for cobalt-free batteries, began to be produced in volume at its Changzhou materials plant.
Nio to acquire 3.305% of Nio China's stake for RMB 5.5 billion
Chinese electric vehicle maker Nio said today it entered into an agreement to purchase 3.305% of Nio China's stake for RMB 5.5 billion from two of the minority strategic investors that invested in Nio China in April 2020.
Li Auto comes into spotlight with another accident
Li Auto is back in the spotlight again after a video showing a moving Li ONE suddenly losing control went viral among Chinese Internet users.
Xpeng may launch lower-priced P7 with lithium iron phosphate batteries
Chinese automaker Xpeng Motors may launch a lower-priced P7 with CATL's lithium iron phosphate batteries, a regulatory filing shows.
LinkedIn job posting suggests Nio accelerating its entry into US market
A recent LinkedIn job posting by Chinese electric vehicle maker Nio suggests that it may be accelerating its plans to enter the US market.
Hongguang Mini EV sells 36,762 units in January
China's most popular electric car, the Hongguang Mini EV, sold a whopping 36,762 units in January 2021, ranking monthly sales No. 1 in China for five consecutive months.
Ford terminates agreement to build new energy joint venture with Zotye
Ford China has terminated its agreement with Chinese automaker Zotye to build a new energy joint venture, as it cannot be continued after significant changes in China's pure electric vehicle industry and related policies.