
Alibaba-Backed IM Motors Completes Initial Funding Round
Chinese EV brand IM Motors announced on August 1 its signing of a Round-A Equity Financing Agreement, bringing the company's overall valuation to nearly 30 billion yuan ($4.4 billion).
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Chinese EV brand IM Motors announced on August 1 its signing of a Round-A Equity Financing Agreement, bringing the company's overall valuation to nearly 30 billion yuan ($4.4 billion).

The China arm of American multinational automobile manufacturer Ford announced on September 26 that it would work to accelerate electric transformation in the country by operating its EV business through FMeT, an independent company.

On Monday, XPeng Motors announced that it has become the first Chinese brand to join three major European automobile associations at the same time.

Gotion High-Tech, a Chinese battery maker, announced on Wednesday that its wholly-owned subsidiary recently signed a strategic cooperation agreement with Geely New Energy Commercial Vehicle Co., Ltd.

On the first day of December, several electric vehicle makers in China released their delivery data for the month of November.

The Xiaomi SU7 Ultra production version is now available for reservation on the official website of Xiaomi Auto.

Faraday Future (FF) announced on August 20 that it plans to greatly expand its number of employees over the next 12 months, following a business combination deal that closed in July of this year.

With the imminent launch of pure electric vehicles, Li Auto has set itself the goal of building about 300 ultra-fast charging stations within the year, with about 10 stations already deployed on high-speed roadways.

On December 25th, Xiaomi Auto announced a collaboration with Li Auto, NIO, and XPeng Motors to launch a charging and energy replenishment network.

Chinese EV firm NIO launched in four European countries last week under a lease-only business model. Firm founder William Li admitted that the company had underestimated local consumers' enthusiasm and said it will be possible to make vehicle purchases in the four countries.

Today, Baidu announced that it will begin public testing of its Apollo Go platform in Shanghai, marking the fifth city where passengers have the ability to trial the robotaxi service.

A video of XPeng's electric vehicle P5 NGP system for city driving was leaked by an XPeng engineer on Tuesday.