Song Jingli

The merger comes amid competition in community group-buying sector.

Aulton allows electric vehicle owners to change their out-of-power batteries for full-capacity ones in three minutes.

Only two weeks ago, Xpeng Motors raised USD 500 million from investors including Hillhouse Capital.

A victory for the individuals against tech giants.

Huawei, ZTE, Foxconn and all among the startup’s clients.

The move follows EV maker Li Auto’s strong Nasdaq debut.

Li Auto is the second China-based EV maker to go public in the US, following Nio.

In 2019, 10% of all deliveries in China utilized smart lockers.