CnEVPost Newsletter: XPeng CEO says he bought shares of NIO during the latter's toughest time in 2019

XPeng CEO says he bought shares of NIO during the latter's toughest time in 2019 - CnEVPost — cnevpost.com At that time, He gave support to NIO despite the opposition of his friends and also invested a total of $300 million in XPeng.

XPeng announces RMB 500 million strategic investment from Guangdong govt-backed fund - CnEVPost — cnevpost.com XPeng Motors (NYSE: XPEV) announced today that it has received a strategic investment of 500 million yuan ($77 million) from the Guangdong Provincial Industrial Development Fund.

XPeng establishes new firm in Hefei with business scope including car rental services - CnEVPost — cnevpost.com XPeng Motors has set up a new company in Hefei, home of NIO China's headquarters, with a registered capital of RMB 10 million yuan ($1.53 million), according to data provider Qichacha.

Tesla to ramp up parts capacity in preparation for Shanghai plant capacity expansion - CnEVPost — cnevpost.com Tesla's Shanghai Gigafactory has made content changes to a project that plans to boost production capacity for components including powertrain, die-cast integrated base plates, and motors.

Titles of Elon Musk, Zach Kirkhorn changes to 'Technoking of Tesla' and 'Master of Coin' - CnEVPost — cnevpost.com Musk is Tesla and SpaceX CEO. Zach Kirkhorn is the company's Chief Finance Officer. They will maintain their respective roles.

Geely to invest $4.61 billion in power battery project - CnEVPost — cnevpost.com Chinese automaker Geely has signed an agreement with the government of Ganzhou City, Jiangxi Province, to invest RMB 30 billion ($4.61 billion) in a power battery project with a design capacity of 42 GWh per year.

Evergrande Auto, Tencent set up JV to develop operating systems for cars - CnEVPost — cnevpost.com Evergrande Auto will hold a 60% stake in the joint venture and Phoenix Auto Intelligence, a subsidiary of Tencent, will hold a 40% stake.

Scooter maker Niu Technologies reportedly acquiring plant to enter EV sector - CnEVPost — cnevpost.com Chinese scooter maker Niu Technologies is said to be acquiring a BAIC BluePark New Energy plant in Changzhou, sparking discussions that it will also join the car manufacturing boom.

China produces 317,000 new energy vehicles in January-February, up 395% from last year - CnEVPost — cnevpost.com Auto production during the period was 3.855 million units, up 89.9 percent from the same period last year.