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

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

Mar 15, 2021
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CnEVPost Newsletter: XPeng CEO says he bought shares of NIO during the latter's toughest time in 2019

newsletter.cnevpost.com

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.

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

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