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.
Nio's William Li says company's ultimate rival is Apple as they pursue same goal
Nio's ultimate rival is Apple, as they both pursue one goal that combines technology and humanity, according to William Li, Nio's founder, chairman, and CEO.
Xpeng recalls 13,399 G3 SUVs
The vehicles within the recall are at risk of short-circuiting between the positive and negative electrodes of high-voltage DC, which may lead to no high-voltage electricity supply to the inverter.
Morgan Stanley raises Nio price target by 142% to $80
Morgan Stanley raised its outlook for China's electric vehicle market and is bullish on the performance of the country's electric vehicle trio.