NIO

The investment indicates investors are picking up confidence in the ride-hailing sector again after a two-year winter.

Faraday Future will use the new funds to support mass production of its FF 91 model.

Joynext has been developing so called 5G V2X in-car hardware for autonomous vehicles to enable communication between vehicles, passengers, and road infrastructure.

But its growth pace still lags behind Tesla by a mile.

Tesla aspirant surges over 50% on trading debut after USD 1.5 billion upsized offering.

The EV maker plans to enlarge its on-duty staff to 200 in the coming two weeks.

Robotaxis are already available in public streets, but limitations are there.

Instead of paying for the battery, EV buyers disburse a monthly subscription fee of RMB 980 (USD 141) to lease a 70 kWh battery package.