Enovate has banked 5 billion yuan ($741,146,950) in a new financing round, which is led by local government industry guidance funds and large-scale state-run banks, the Chinese EV startup announced on October 14 via its WeChat account.
Oct. 14 , 2020
Both sides will set up a NEV joint venture to make battery electric vehicles based on the Premium Architecture Electrification (PPE) platform in China.
Oct. 13 , 2020
Tesla sold 11,329 China-made vehicles in China in September
Oct. 13 , 2020
Chinese policymaker formally highlights the efforts to strengthen the construction of such infrastructures as battery swapping and hydrogen refueling facilities.
Oct. 10 , 2020
Guangzhou GET Investment agrees to provide RMB4 billion in financing to help fuel XPeng’s growth as well as support the construction of a new Smart EV manufacturing base.
Sep. 28 , 2020
EV startup Xpeng Motors celebrated on September 28 the first spade cut for its ICV intelligent manufacturing base at Guangzhou Knowledge City, its second complete vehicle production plant following the Zhaoqing-based one.
Sep. 28 , 2020