Deals

Xpeng today announced that it has received credit facilities totaling RMB 12.8 billion from five Chinese banks to support its business operations and the construction of its production and sales and service systems.

The car was said to be a convertible electric model with a pre-order price of RMB 84,999 yuan.

The battery's energy density will be 30-40 percent higher than the current industry-leading level and can achieve a maximum range of about 1,000km and zero decay for 200,000 km.

They will strive to achieve at least 100 million kWh of clean electricity for new energy vehicle users in 2021, and promote the low carbonization of the whole life cycle of new energy vehicles.

LIZHI (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, saw its shares double after announcing its cooperation with Tesla's Chinese rival Xpeng Motors.

Chinese retail giant Suning may offer consumers a big discount on Nio cars in its upcoming shopping promotion.

Nio has exited from the joint venture it created two years ago with Changan Automobile, the latter's semi-annual report for 2020 released August 31 showed.

Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, and Mercedes-Benz today announced that they are strengthening their partnership in the field of battery technology.

Nio today signed a strategic cooperation agreement with Chinese retail giant Suning to collaborate in the areas of channel expansion, product sales, consumer services, branding, technology products and development.

Nio China today received a 10.4 billion yuan ($1.48 billion) credit facility from six Chinese banks, further strengthening its financial status.