Evergrande's car making arm raises up to $3.35 billion through private placement
This is one of the largest equity financings in China's new energy vehicle industry. It's trading at an 8 percent discount to the average closing price over the previous five trading days, with each investor voluntarily locking in for 12 months, the company said.
Xpeng expected to achieve explosive sales growth in Jan, says CPCA secretary-general
Xpeng's production reached 7,092 units in December, beating Nio's 7,007. This also indicates that Xpeng "has a strong production capacity and will certainly achieve an explosive sales growth in January".
Xpeng's first supercharging station designed with new brand identity goes into operation
Chinese EV maker Xpeng Motors announced on Saturday the opening of its supercharging station at the Daguangming Center in Wuqing, Tianjin, the company's first supercharging station designed with a new branding standard.
Product differentiation gives all EV makers more market space, says Xpeng CEO
In the current market environment, the differentiation of companies' products gives each company, including Xpeng Motors, a lot of room for market improvement, according to Xpeng Chairman and CEO He Xiaopeng.
Analyst says Chinese automakers' tech hardware race pushes up LiDAR demand
Analysts believe that other local brands are expected to follow in the "arms race" for intelligent features, with more models equipped with LiDAR to achieve L3 autonomous driving.
Nomura initiates coverage on Nio with Buy rating and $80.30 price target
Nomura analyst Martin Heung initiated coverage of Chinese EV maker Nio with a Buy rating and $80.30 price target, meaning a 37.6 percent upside potential.
Xpeng, Gaode Map partner to bring smarter navigation to P7
Alibaba-backed Auto-Navi Software Co., also known as Gaode Map, released its third-generation in-car navigation system on January 22, and Xpeng Motors is the first company to use it.
The city that gave Nio a lifeline to invest $308 million in another EV startup
Leapmotor is raising a Pre-IPO round at a valuation of more than 22 billion yuan ($3.4 billion), and the city of Hefei has made its investment intentions clear, 36kr said.
Xpeng opens up NGP functionality to users for first time with latest OTA update
Xpeng announced on Friday that it has made the public beta version of Xmart OS, version 2.5.0, available to some P7 owners on Thursday evening, opening up Navigation Guided Pilot (NGP), the star product of XPILOT 3.0 autonomous driving assistance system, to users for the first time.
Xpeng selects a first-tier supplier to provide it with charging piles
Zhongheng is a first-tier supplier of DC charging piles in China and has previously entered into partnerships with many well-known companies, such as Royal Dutch Shell, BP plc, State Grid, XiaojuCharge.