Nio’s battery asset operator raises about $95 million through ABS offering in China
The move comes after Mirattery secured tens of millions of dollars in financing through an ABN offering in April, marking the establishment of…
Chinese self-driving startup WeRide secures strategic investment from Bosch
WeRide and Bosch have signed a strategic partnership agreement to jointly work on smart driving software development.
Chinese eVTOL startup WEFLY secures tens of millions of dollars in angel round funding
WEFLY hopes to become a manned eVTOL operator in the medium to long term, and being an electric shuttle bus in the air is its long-term vision.
BYD’s auto finance subsidiary to get about $900 million in capital increase
As demand for BYD vehicles climbs, the number of vehicles for which BYD Auto Finance provides loans is also expected to explode in 2022, BYD said.
Xpeng secures about $1.14 billion credit line from local bank
Xpeng's cash and cash equivalents, restricted cash, short-term deposits, short-term investments and long-term deposits reached RMB 43.5…
Nio’s battery asset operator raises $62.62 million through ABN offering
This allows Mirattery to establish a direct financing channel in the Chinese interbank market, providing a boost to the further development of…
Nio-backed AR firm Nreal closes $60 million new funding round led by Alibaba
Nio announced the panoramic digital cockpit PanoCinema when it unveiled the ET5 sedan, and introduced the first AR device built jointly by it…
Nio’s semi-solid-state battery supplier WeLion reportedly sees valuation soar to about $2.36 billion
WeLion was out of favor with investors just over a year ago, but with Nio Day 2020 putting solid-state batteries in the spotlight, the…
Self-driving startup Zongmu closes over $157 million in Series E funding
Zongmu will build a campus capable of supplying autonomous driving systems for 2 million vehicles per year in Dongyang, Zhejiang province.
Nio’s semi-solid-state battery supplier WeLion secures investments from Xiaomi, Huawei
WeLion's registration information has been changed, with affiliates of Xiaomi and Huawei as new shareholders.