Xpeng has completed RMB 710 million ($100 million) ABS issuance to supplement working capital and support the development of its leasing business.
The AAA-rated senior tranche carries a coupon rate as low as 2.28 percent.
Category: CnEVPost
Xpeng raises $100 million through ABS issuance
Xpeng has completed RMB 710 million ($100 million) ABS issuance to supplement working capital and support the development of its leasing business.
The AAA-rated senior tranche carries a coupon rate as low as 2.28 percent.
Local media reporter visited Nio’s F3 factory, here’s what was found
Sources at the facility said that Nio is working around the clock to ramp up production capacity for the all-new ES8.
The F3 factory currently lacks a formal front gate, and the project department responsible for constructing the facility has not yet withdrawn from the site.
Huawei-backed Aito adds 4-seat variants to M9 SUV, starting at $78,670
The Aito M9, one of the highest-priced models from a Chinese automaker, now offers 4-, 5-, and 6-seat configurations.
The model offers both BEV and EREV options to appeal to a broader potential customer base.
China Sept EV deliveries preview: Deutsche Bank expects Nio at 35,000 units, Tesla 72,000, Xiaomi 42,000
Nio, Xiaomi EV, Xpeng, and Leapmotor are all poised to hit new highs, while Li Auto is set to continue its year-on-year decline.
September deliveries for Nio, Onvo, and Firefly are projected at about 15,000, 15,000, and 5,000 units respectively.
Huawei-backed Aito launches updated M7 SUV, gets over 10,000 orders in 5 minutes
The updated M7 starts at RMB 279,800 ($39,350) and offers both BEV and EREV options.
Pre-orders for the model exceeded 230,000 units since pre-sales began on September 5.
Huawei-SAIC joint brand Shangjie launches 1st model H5, starting at $22,470
The Shangjie H5 becomes the most affordable model under Huawei’s HIMA business, featuring Huawei’s intelligent cockpit and smart driving systems.
The vehicle has garnered over 160,000 pre-orders in the past month.
WeRide to launch robotaxi service in Singapore with Grab
WeRide will collaborate with Grab to launch an autonomous ride-hailing service named Ai.R in Singapore, initially deploying 11 robotaxis.
WeRide announced today that it has been included in the Nasdaq Golden Dragon China Index.
BYD Denza to begin pre-sales of N8L SUV on Sept 26, shares interior glimpse
The Denza N8L is a six-seat hybrid SUV targeting the family car market.
The upcoming pre-sales this Friday suggests the N8L’s launch timeline may have been accelerated.
Zeekr starts pre-sales of updated 001 with up to 912 horsepower
The updated Zeekr 001 can accelerate from 0 to 100 km/h in 2.83 seconds and boasts a CLTC range of up to 810 km.
Its display model will be available at Zeekr stores on October 4, with the official launch set for October 11.
China EV insurance registrations for week ending Sept 21: Nio Inc 6,670, Tesla 17,300, Xiaomi 10,800
The Nio main brand had 2,580 insurance registrations last week, Onvo 2,780, and Firefly 1,310.
Tesla’s insurance registrations in China last week reached the highest level in the past 12 weeks, increasing by 12.70 percent from the previous week’s 15,350 units.
FAW to become largest shareholder of DJI unit ZYT to ramp up bet on smart driving
FAW will acquire a 35.80 percent stake in ZYT, becoming its largest single shareholder, a regulatory filing shows.
ZYT, established in 2016 and formerly known as DJI Automotive, is DJI’s unit focused on smart driving technology.
Nio ES8 capacity for 2025 sold out with new customers facing earliest deliveries in Mar 2026
Chinese customers ordering the all-new ES8 now can expect deliveries 24-26 weeks after order confirmation.
The new ES8 has a production capacity of 40,000 units for the remainder of this year, with 15,000 units slated for December.
Changan’s EV unit Avatr plans to file for Hong Kong IPO in Q4, report says
Avatr may submit its Hong Kong IPO application as early as October and complete the listing by the second quarter of 2026.
Avatr’s most recent funding round was in December 2024, when it completed a series C financing exceeding RMB 11 billion ($1.5 billion).
Zeekr reportedly moves up rollout pace for updated 001, pre-sales to begin Sept 23
The updated Zeekr 001 will feature Nvidia’s Thor-U chip and utilize a 900-volt high-voltage system, Zeekr previously said.
The official launch of the updated Zeekr 001 is scheduled for mid-October, with deliveries commencing at that time.
New MG4 delivers over 10,000 units in 24 days since launch
MG launched the redesigned MG4 on August 29 with a discounted starting price of RMB 65,800. Read more…
BYD to launch new variants for Qin Plus sedan on Sept 25
BYD will introduce new variants for the second-generation Qin Plus in three days, as cumulative deliveries of the affordable sedan surpass 2.4 million units.
The Qin Plus was initially launched in March 2021 and currently starts at RMB 79,800 ($11,220).
AUDI begins deliveries of E5 Sportback
The E5 Sportback was launched in China on September 16 with a starting price of RMB 235,900 ($33,160). Read more…
GWM’s Ora brand to debut its 1st electric SUV Ora 5 on Sept 25
The Ora 5 represents a key model in Ora’s brand revitalization efforts, following years of relative quiet.
The Ora 5 measures 4,471 mm in length and features a single electric motor with a peak power output of 150 kW, according to its filing.
BYD Denza to unveil N8L large 6-seat hybrid SUV ‘soon’
The N8L is a PHEV model measuring 5,200 mm in length and will feature three electric motors.
Denza will officially launch the N8L in the second quarter of next year, taking aim at the luxury SUV market with the Denza N9, a previous report indicated.
