Electric Vehicles

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

Founded in 2015 in Shanghai, WM Motor launched its first model EX5 at the end of 2018, and the second model EX6 Plus in the fourth quarter of last year.

If the plan materializes, India would become the second country, outside of the US where Tesla will have an R&D center.

Evergrande Auto in August unveiled its first ever six new energy vehicle models under the Hengchi brand, but hasn’t yet started to produce them at scale.

Last month, Evergrande unveiled its first ever six new energy vehicle models under the Hengchi brand.

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

Xpeng, the third US-listed Chinese EV manufacturer after Li Auto and NIO, raised about USD 1.5 billion in its IPO.

New proceeds could be used for research and development in autonomous driving technologies and global market development.