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CnEVPost Newsletter: XPeng plans offering of 85 million new shares; NIO invests in another used car platform
XPeng plans global offering of 85 million new shares, including 4.25 million in Hong Kong - CnEVPost — cnevpost.com XPeng Motors has applied to trade in Hong Kong under the ticker symbol "9868," saying the maximum offer price for the Hong Kong public offering will be HK$180 per share or US$23.19, which is equivalent to US$46.39 per ADS.
NIO's announcement on June 22 that the first C prototype of the ET7's silicon carbide (SiC) electric drive system has rolled off the production line has generated much discussion. Now, the CEO of the company's motor division explains the technology in detail.
NIO's venture capital arm invests in another used car trading platform - CnEVPost This is the second used car platform that NIO Capital has invested in recently, as it invested in used car dealer Uxin with Joy Capital last week.
For any car company, to get their vehicles into Huawei's vast offline sales network would mean a steady stream of orders. As the first such models are just starting to be delivered, now Porsche is rumored to be getting in on the act.
GAC Aion, the electric car brand of Chinese auto giant GAC Group, officially launched the Aion S Plus on Wednesday, which claims to have the lowest wind resistance coefficient among its class in the world.
BYD has recently been rumored to stop producing new fuel vehicles soon, which the company denies.
Chinese EV startup Neta aims for monthly sales of over 10,000 - CnEVPost In the first five months of this year, Neta's cumulative sales reached 16,000 units, including 4,508 units sold in May.
Smart's first electric SUV completes engineering tests in China - CnEVPost The new vehicle will be based on Geely's SEA architecture, the same as the Zeekr 001.
IM Motors, SAIC and Alibaba-backed EV brand, shows off muscles in self-driving - CnEVPost Self-driving capabilities are a focal point of the competition among China's emerging car companies. IM Motors has just shown off its strong capabilities.
Power battery maker Gotion High-tech breaks ground on $1.85 billion base in Hefei - CnEVPost Hefei has become one of the most aggressive cities in the new energy vehicle industry chain. It has Neo Park, a joint development with NIO, and the city also has an economic demonstration park, which has just welcomed a big player.
New solar thermal project in China can generate electricity 24 hours a day - CnEVPost Innovations continue to emerge in China on the road to using new energy sources.
China's Ministry of Commerce says working to promote development of used car market - CnEVPost A spokesman for China's Ministry of Commerce said Thursday that the consumption potential of used cars is huge and will continue to push China's