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
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
EV maker Xpeng raises additional $300 million: report
The Xpeng fundraise is its second in a year, and reflects growing optimism in China’s electric vehicle market after a disappointing 2019.
Posted inUp and Comers
EV startup Xpeng Motors raises $500 million
Last month, reports began circulating on Chinese media that Xpeng had secretly filed to float shares on a US stock market.
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 inUp and Comers
Xpeng shares soar 41% in US debut, market cap nears Chinese auto giants
Six-year-old Xpeng Motors now has a market capitalization of nearly $15 billion, nearing the size of a number of giant Chinese automakers.
Posted inTurf Wars
EV maker Xpeng has 15,000 orders for its P7 sedan
Starting at $38,400, the sedan is designed to compete with Tesla’s Model 3.
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.
