China Evergrande’s NEV Unit Brings Six Investors On Board To Raise $3.4 Billion The new energy vehicle subsidiary of Chinese property conglomerate China Evergrande Group has announced plans to raise HK$26 billion ($3.4 billion) through an upsized sale of Hong Kong-listed shares.

WeRide Receives $310 Million as Beijing Opens Highways to Autonomous Car Tests WeRide, one of China’s best-funded startups for self-driving technology, has started the New Year with a bang by closing a $310 million series B funding round led by domestic bus maker Yutong Group, continuing a funding frenzy for the industry started in 2020.

Tesla Rival Xpeng Motors Into New Year Fueled By New Credit Line China’s electric vehicle startups have become investor darlings in the last year, with Nio, Xpeng and Li Auto all raising billions of dollars from the sale of their American depositary shares (ADSs) to expand their business and accelerate technological developments.

China’s new energy vehicle production to exceed 1.5 million this year China, the world’s largest new energy vehicle (NEV) market, will see its production record exceeding 1.5 million units in 2019, a senior industry and information technology ministry official said today.

China's new energy vehicle industry is experiencing a good start for 2019 According to the China Association of Automobile Manufacturers, 91,000 and 96,000 new energy vehicles were produced and sold in January, up 113% and 138% year-on-year.