Xpeng Motors announced on July 20 the signing of its Series C+ financing of around US$500 million with a group of investors including Aspex, Coatue, Hillhouse and Sequoia Capital China.
Jul. 20 , 2020
SAIC Motor signed on July 15 a framework agreement with China Baowu Group to carry out all-round cooperation on such areas as hydrogen utilization, integrated materials for automobiles, smart supply and industrial finance.
Jul. 16 , 2020
Real estate conglomerate China Evergrande Group established on July 10 a Guangdong-based subsidiary whose one of major businesses is the R&D of NEV-related technologies, according to the enterprise information query platform Tianyancha.
Jul. 15 , 2020
Automakers in China sold roughly 87,000 new energy passenger vehicles (NEPVs) in June, representing a year-on-year plunge of 35%, according to Cui Dongshu, secretary general of the China Passenger Car Association (CPCA).
Jul. 10 , 2020
GAC Mitsubishi Motors on July 8 celebrated the first spade cut for its new energy vehicle (NEV0 manufacturing base in Changsha, capital of Hunan province, according to Changan municipal government, which cited a local media report.
Jul. 9 , 2020
WM Motor achieved a new milestone in its development, the delivery of its 30,000th EX5 smart
Jul. 7 , 2020