Chinese self-driving startup WeRide closes Series C round, valuing it at $3.3 billion
WeRide is currently conducting unmanned testing in China and the US to prepare for the final step of test validation for the operation of…
Nio’s LiDAR supplier Innovusion closes $64 million Series B round
Nio CEO William Li has said that the company has no plan B on the LiDAR option, implying that Nio is fully supporting the development of Innovusion.
Li Auto completes offering of $862.5 million convertible senior notes
Li Auto closed down 4.3 percent to $21.78 on Monday. Its Chinese peer Nio also closed down 2.57 percent to $37.14, and Xpeng Motors fell 1.45…
Li Auto to issue up to $750 million in convertible notes, shares fall 4% after hours
Chinese electric car maker Li Auto announced plans Monday to issue up to $750 million in convertible senior notes due 2028 , its first capital…
Nio Capital leads $20 million funding for VR firm NOLO VR
NOLO VR is the only mobile VR hardware brand in the world other than Oculus that owns one of the most core key technologies of VR - 6DoF…
Nio Capital invests in firm that provides self-driving solutions for mining vehicles
Nio Capital is a private equity investment institution with RMB 10 billion funds under management.
Chinese city Zhuhai reportedly invests $300 million in Faraday Future
Chinese state-owned capital from the city of Zhuhai has invested RMB 2 billion($300 million) in Faraday Future's (FF) latest funding round,…
Evergrande’s car making arm raises up to $3.35 billion through private placement
This is one of the largest equity financings in China's new energy vehicle industry. It's trading at an 8 percent discount to the average…
Nio announces closing of convertible notes offering, raising amount to $1.5 billion
The amount was raised because of the exercise in full by the initial purchasers in their option to purchase up to an additional $100 million…
Xpeng secures credit lines totaling RMB 12.8 billion from five Chinese banks
Xpeng today announced that it has received credit facilities totaling RMB 12.8 billion from five Chinese banks to support its business…