EV
WM Motor gets 11.5 billion yuan credit line
WM Motor gets 11.5 billion yuan credit line

Chinese EV startup WM Motor said on Feb. 9 it formed strategic partnerships with a number of banks and financial institutes for a line of credit worth 11.5 billion yuan ($1.783 billion).

Feb. 9 , 2021
Xpeng Motors exports second batch of G3s to Norway
Xpeng Motors exports second batch of G3s to Norway

Xpeng Motors said its second batch of Xpeng G3 SUVs to be sold in Norway has departed from Guangzhou. This came after the successful customer delivery of its first batch of G3s for the Norwegian market in December 2020.

Feb. 5 , 2021
Chinese EV startup HOZON Auto eyes 50,000-unit annual sales for 2021
Chinese EV startup HOZON Auto eyes 50,000-unit annual sales for 2021

HOZON Auto, a Chinese startup owning the EV brand “Nezha”, will strive to hit the annual sales target of 40,000-50,000 units for 2021, Zhang Yong, co-founder and CEO of HOZON Auto, revealed at a press conference.

Feb. 4 , 2021
NIO Inc. Provides January 2021 Delivery Update
NIO Inc. Provides January 2021 Delivery Update

NIO delivered 7,225 vehicles in January 2021, a new monthly record representing a strong 352.1% year-over-year growth.

Feb. 1 , 2021
Xpeng Motors’ deliveries zoom up 470% YoY in Jan. 2020
Xpeng Motors’ deliveries zoom up 470% YoY in Jan. 2020

Xpeng Motors’ monthly deliveries hit a record high of 6,015 units in Jan. 2021, skyrocketing 470% from the previous year and doubling over the year-ago level for the seventh month in a row, the startup announced on Feb.1.

Feb. 1 , 2021
Changan Auto’s premium EV brand said to be named ‘Guangyu’
Changan Auto’s premium EV brand said to be named ‘Guangyu’

Changan Auto’s yet-to-be-launched premium smart car brand is likely to be named “Guangyu”, according to a local media, who found its subsidiary Changan NIO registered two trademarks—“Guangyu” and “Guangyu Xinba”—in 2019 and 2020 respectively.

Jan. 29 , 2021