Classification: Smart EV
A new brand from a new brand: SITECH's high-end brand GYON to launch nine models in eight years [2018-08-15]

LOS ANGELES – A new brand launching another new brand, it seems to be the craze right now in the Chinese smart EV startup space.

NIO's William Li lays down bet with Xpeng Motors' He Xiaopeng on 10,000-unit delivery target [2018-08-10]

UPDATE: He Xiaopeng confirmed on August 6 that he will honor the bet via his personal WeChat post, saying that “

Xpeng Motors completes B+ round financing of ¥4 billion [2018-08-10]

GUANGZHOU – Xpeng Motors announced on August 2 that it has completed its B+ round financing of ¥4 billion co-led by Primavera Capital Group, Morningside Venture Capital and He Xiaopeng, chairman and CEO of Xpeng Motors, representing the largest single round of financing so far in 2018 among Chinese smart EV startups.

Project Archimedes: HOZON AUTO to sell 100,000 EVs by 2020 in new three-year plan [2018-08-03]

WUZHEN, Zhejiang – Zhejiang HOZON Automobile Co., Ltd. (HOZON AUTO) wants to sell more than 100,000 vehicles cumulatively by the end of 2020 and become one of the top 10 new energy vehicle manufacturers, according to Zhang Yong, president of the Chinese smart EV startup.

Musk: Tesla Shanghai Gigafactory to be financed with local debt, production to begin in three years [2018-08-03]

PALO ALTO – Tesla will use loans from local banks in China to fund its Shanghai Gigafactory with local debt, according to Tesla CEO Elon Musk.

Daimler and Baidu strengthen strategic cooperation on automated driving and IoV [2018-07-27]

BEIJING – Daimler and Baidu recently signed a Memorandum of Understanding (MoU) in Beijing to enhance their cooperation through joint automated driving and IoV projects, including further strengthening their collaboration through Baidu’

Leapmotor and My Dadao sign strategic purchasing agreement [2018-07-26]

HANGZHOU, Zhejiang – Chinese smart EV startup Leapmotor and My Dadao, a local car-sharing platform, officially signed a strategic cooperation agreement on July 18 where My Dadao will order two new vehicle models based on Leapmotor’

DearCC closes Pre-A round financing, ¥2.5 billion raised so far [2018-07-26]

SHANGHAI – Chinese smart EV startup DearCC announced on July 24 that it had closed its Pre-A round financing in the first half of this year, with ¥2.

DiDi and SoftBank launch JV in Japan to offer taxi-hailing service [2018-07-25]

BEIJING – Didi Chuxing on July 18 officially launched DiDi Mobility Japan Corp., a joint venture with Softbank, to offer on-demand taxi-hailing services and smart transportation solutions for citizens and tourists in the world’

Musk praises China after three-day trip and Shanghai Gigafactory finalized [2018-07-19]

BEIJING – Tesla CEO Elon Musk was spotted having some jianbing (Chinese pancakes) in Beijing on July 12 with his Chinese executive team, including Robin Ren, global vice president and president of Asia Pacific, as well as Tom Zhu, president of Tesla China.