XPeng Launches P5 Sedan with Starting Price Around USD 24,500

The company has secured a supply partnership with SK Innovation (SKI), a South Korean power battery supplier, which will provide it with high nickel-based Li-ion batteries with 80% nickel content.

Himalaya Turns to Hong Kong for IPO

On September 14, after withdrawing the IPO application on US SEC, China's online audio platform Himalaya submitted an IPO prospectus to the Hong Kong Stock Exchange. The underwriters are Goldman Sachs, Morgan Stanley and CICC.

HeyTea Denies IPO Plans – Again

Rumors of HeyTea's impending IPO have been flying since last year.

XPeng Says Its Supercharging Stations Reach 400

XPeng expects to expand its supercharging stations to dozens of cities, including Taiyuan, Tangshan, Nantong and Luoyang, within the next three months.

Self-driving Firm DeepRoute Raises USD 300 Million from Alibaba

The investment has skyrocketed the firm's valuation to a staggering USD 1 billion.

Tesla Hikes Model Y Performance Price in China by about USD 1,550

The company's CEO Elon Musk said that a roll out for an entry model was likely for 2023.

Dada Posts Strong Q2 2021 Results – Revenue, Bottom Line Beat Consensus

The Chinese local on-demand delivery and retail platform has announced its unaudited financial results for the second quarter, maintaining the strong growth momentum.

Samsung Sells 1.6% of its Stake in BYD for CNY 8.3 Billion

The move has raised questions over its stake sale as technology firms and automakers are in a race to develop electric and self-driving vehicles.

Geely-Backed Ride-hailing Firm Cao Cao Raises CNY 3.8 Bn

This marked the first Chinese equity investment in the ride-hailing sector this year and the largest sum of investment in the sector from Chinese investors since 2020.

Wang Jun Appointed as COO of Huawei’s Auto BU

According to the firm, the switch, which cut the post of the president but brought no change to the BU's core team members, was just a normal adjustment to better develop Huawei's intelligent vehicle solutions business.

China's NEEQ Reform and Beijing Stock Exchange: the Key Points

The essential things to know about the country's attempt to improve its financial markets.

Juren Education Group to Close Down – Perhaps Unable to Complete All Refunds

The educational institution's capital chain has ruptured, while currently no timetable has been announced about when its students can receive the refunds.