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Chinese EV company Xpeng Motors raises US$400M in Series C; Xiaomi strategic investor

Green Car Congress

Xiaomi Corporation, a global leader in the technology and consumer electronics sector, is joining as a strategic investor. Xiaomi Corporation and Xpeng Motors have achieved significant progress through in-depth collaboration in developing technologies connecting smart phones and smart cars. — Lei Jun, CEO of Xiaomi Corporation.

Chinese 199
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BYD, Toyota jointly to develop battery electric vehicles for Chinese market

Green Car Congress

and Toyota Motor Corporation have signed an agreement for the joint development of battery electric vehicles (BEVs). Toyota has already announced its plan to gradually have more than 10 BEV models available worldwide by the first half of the 2020s, starting with a rollout in China in 2020. BYD Company Ltd.

BYD 186
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China EV maker XPeng inks strategic cooperation agreement with banks for $2B credit facilities

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These facilities will help Xpeng optimize the efficiency of its cash management, cost control and other corporate functions. billion IPO in August 2020. In December 2020, the Company completed its first public follow-on offering, raising approximately $2.5

China 199
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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A new name for the merged entity will be selected in due course representing the global reach of the new entity, which will have its head office in Buenos Aires, Argentina, a corporate headquarters on the Australian East Coast and an office in Perth. —Galaxy Chairman Martin Rowley.

Companies 243
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France December 2020

EV Sales

If the overall automotive market had a horrible 2020 (-26% YoY), with the 1.7 These disruptive numbers are also reflecting on the plugin share, as last month it reached a record 19% (11% BEV), pulling the final 2020 share to 11% (6,7% BEV), a far cry from the 3% of 2019. A future star lands in a record market (19% share!)

France 98
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Audi shows new A6 e-tron concept electric vehicle in Shanghai

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Audi and its Chinese partner companies FAW and SAIC are showing four world premieres: the brand-new Audi A6 e-tron concept vehicle and the all-round updated Audi Q5L, in addition to the Audi A7L and an SUV study, still kept beneath a cover, named Audi concept Shanghai. At the end of 2020 Audi announced the founding of the Audi FAW NEV Co.

Audi 243
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BYD, Toyota to establish joint company for battery-electric vehicle research and development

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and Toyota Motor Corporation signed an agreement to establish a joint company to research and development for battery-electric vehicles (BEVs). TMEC) and the R&D centers established at Chinese joint-venture companies with China FAW Group Corporation (FAW) and Guangzhou Automobile Group Co., BYD Company Ltd.

BYD 283