Fund Raising

WEFLY hopes to become a manned eVTOL operator in the medium to long term, and being an electric shuttle bus in the air is its long-term vision.

As demand for BYD vehicles climbs, the number of vehicles for which BYD Auto Finance provides loans is also expected to explode in 2022, BYD said.

Xpeng's cash and cash equivalents, restricted cash, short-term deposits, short-term investments and long-term deposits reached RMB 43.5 billion by the end of last year.

This allows Mirattery to establish a direct financing channel in the Chinese interbank market, providing a boost to the further development of its BaaS service system, it said.

Nio announced the panoramic digital cockpit PanoCinema when it unveiled the ET5 sedan, and introduced the first AR device built jointly by it and Nreal.

WeLion was out of favor with investors just over a year ago, but with Nio Day 2020 putting solid-state batteries in the spotlight, the company's funding environment has turned around.

Zongmu will build a campus capable of supplying autonomous driving systems for 2 million vehicles per year in Dongyang, Zhejiang province.

WeLion's registration information has been changed, with affiliates of Xiaomi and Huawei as new shareholders.

The funding environment for self-driving startups is turning cold, local media said.

Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size of the first tranche.