The cell phone maker known as ‘the Apple of China’ has backed EV companies Nio and Xpeng. Its entry is expected to shake up China’s car market.
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Posted inHeavy Hitters
Xiaomi invests $1.5 billion in fully owned EV business
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Posted inHeavy Hitters
Nio remains bullish on research, profitability, and US plans: CEO
Li’s comments come at a time when China’s EV sales start to slow amid potential recession worries, growing competition, and supply chain disruptions due to frequent Covid comebacks.
Posted inHeavy Hitters
China Tech Investor: EV makers got a big charge in 2020, with Tu Le
Electric vehicle stocks have experienced stratospheric growth this year. What will they need to achieve in order to justify their share prices?
Posted inTurf Wars
Xpeng, next up in wave of US IPOs, attracts big-name investors
Xpeng Motors is priming for a public listing in New York where it could raise up to $1.1 billion from high-profile backers including Alibaba and Xiaomi.
Posted inHeavy Hitters
Drive I/O | Chinese EV makers downsize while battery makers expand production
Xpeng, Li Auto, and Nio are downsizing as rising costs of raw materials and supply chain disruptions cut into profit margins.
Posted inHeavy Hitters
Drive I/O | A flying start for China EV sales, CATL retains global dominance
Chinese EV sales reported robust figures in January. Tesla ended 2021 with a solid profit performance. CATL retained its competitive lead.
Posted inOn the Cusp
DRIVE I/O | Fatal crash threatens Nio’s reputation and expansion plans
There could be more consequences to come as Nio is in advanced plans to enter the competitive mass auto market.
Posted inOn the Cusp
Nio and Xpeng join forces on charging station network expansion
Growth in China’s charging stations has slowed over the past three years after doubling in 2016.
Posted inHeavy Hitters
DRIVE I/O | Lidar is hard—but it’s coming soon
While Chinese companies won’t be the first to deliver road-ready lidar systems, they could be the first to do it at a practical price.
