Car News - Page 22 of 223 - Auto in China

Avatr, Changan’s Electric Vehicle Subsidiary, Secures $410 Million in Fresh Funding
2023-08-31 Car News
Avatr Technology, the premium electric vehicle (EV) subsidiary under Changan Automobile, has successfully concluded a significant Series B funding round, injecting fresh capital into its future expansion plans. The company's latest funding round, amounting to RMB 3 billion ($410 million), has propelled its post-investment valuation to an impressive nearly RMB…
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Deutsche Bank’s Analysis of Xpeng-Didi Partnership: Leverage of Ride-Hailing Titan’s Extensive Driver Network for Sales Enhancement
2023-08-30 Car News
Deutsche Bank has highlighted a crucial aspect of Xpeng's recent move in its acquisition of Didi Global's electric vehicle (EV) business, underscoring the potential for increased sales through Didi's extensive network of 19 million drivers in China. The analysts noted that this partnership would likely enable Xpeng to expand its…
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Insights from Recent Survey Shed Light on Xpeng G6’s Customer Demographics
2023-08-30 Car News
Approximately 29% of Xpeng G6 owners conducted a comparison between the car and the Tesla Model Y, while 9% made a comparison with the Nio ES6 during their car purchase decision. On June 29, Xpeng (NYSE: XPEV) successfully launched the G6 model in China, marking the commencement of deliveries on…
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Neta Auto Successfully Raises RMB 7 Billion in Landmark Crossover Financing Round
2023-08-30 Car News
Neta Auto, a prominent player in the realm of new energy vehicles (NEVs), has taken a significant step forward by concluding a noteworthy Crossover financing round, raising an impressive RMB 7 billion (approximately $960 million) in capital. The financing marks Neta's first major funding endeavor in the past year and…
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Climbing Heights: Nio’s Sales Surge and Strategic Moves Analyzed
2023-08-29 Car News
After implementing a substantial price reduction in June, Nio's order volume reached its zenith in July, a trend illuminated by insights from Morgan Stanley. Nio (NYSE: NIO) initiated a RMB 30,000 ($4,110) price decrease across its entire model range in mid-June, eliciting curiosity regarding the potential influence on order placements.…
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Xpeng’s Mona Project: Pioneering a New Frontier in Branding and EV Innovation
2023-08-29 Car News
Xpeng's CEO has revealed that the initiation of the Mona initiative marks the genesis of a potential second, or even third, brand within the Xpeng umbrella. This brand is strategically oriented towards a broad spectrum of consumers as well as corporate clients. Following the announcement of a strategic partnership with…
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