Chinese electric vehicle company NIO is reportedly seeking a pre-IPO round that values the company at US$6.5 billion, according to Chinese media citing insiders.
Xiaoju Automobile Solutions (XAS), a one-stop auto solutions platform owned by Didi Chuxing announced that it has acquired Hiservice, a leader in Shanghai’s online-to-offline auto after-service market.
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus.
Manbang Group, a Chinese truck-hailing platform is looking to raise US$1 billion in a new funding round, according to the Wall Street Journal.
Chinese ride-hailing service provider Didi Chuxing said today it will invest US$1 billion into its auto solutions platform Xiaoju Automobile Solutions Co.
Chinese electric vehicle maker Xiaopeng Motors announced that it has raised a RMB4 billion (US$587 million) series B+ round led by Chinese investment firm Primavera Capital Group, Morningside Venture Capital and its founder He Xiaopeng.
Ofo, one of the two largest Chinese bike rental firms in China, is near a deal to sell itself to Chinese ride hailing firm Didi Chuxing at a much discounted price after suffering a slew of bad news.
Smart location and mapping service start-up Wayz.ai announced that it has raised a US$80 million series A round from undisclosed investors.
Chinese electronic vehicle maker Dearcc (or Dianka in Chinese), announced that it has raised a RMB2 billion (US$294 million) pre-A round from undisclosed institutional investors, an automobile industrial fund and companies in the automobile supply chain.
US transportation and technology company Hyperloop Transportation Technologies Inc. (HTT) has announced that it will open a Chinese entity to start working on China’s first Hyperloop in Guizhou province.
Didi Chuxing announced the launch of 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’s third largest economy.
Primavera Capital, a Chinese investment firm founded by Fred Hu – former Greater China chairman at Goldman Sachs, has joined Australian billionaire Cannon-Brookes’ Grok Ventures to co-lead a US$500 million round in U.S. autonomous driving start-up Zoox.
Chinese online auto transaction service platform Cango Inc. has set its IPO price between US$10 to US$12, with 12.5 millions American depositary shares (ADS), aiming to raise US$138 million, according to its IPO prospectus.
China’s ride-hailing giant Didi Chuxing has received a US$500 million investment from NASDAQ-listed online accommodations and travel e-commerce firm Booking Holdings as a part of a strategic partnership.
Nathan Yu also known as Yu Ning, former vice president of Chinese automaker Geely Holding Group, has joined NIO Capital, a private equity fund established by Chinese electric car company NIO, as managing partner.
Car rental and fleet rental company Car Inc. has entered into an agreement to buy HK$540 million (US$81 million) stakes in Hong Kong-listed electric vehicle manufacturer FDG Electric Vehicles to become its largest shareholder, according to FDG Electric Vehicles’ security filing.
A week after Baidu Inc. unveiled plans to cooperate with Chinese auto and logistics financier Lionbridge Group, the latter announced it has received a RMB1 billion (US$150 million) funding from Baidu and Riverhead Capital Investment, the investment arm of Sunshine Insurance Group.
Chinese electric vehicle maker BYD has partnered with San Francisco-based energy and resource infrastructure financing firm Generate Capital to set up a joint venture to launch an electric bus leasing program in the United States.
Eight Roads Ventures has partnered with ClearVue Partners, a private equity firm focused on the consumer sector of China, to lead a US$102 million series A1 round in autonomous driving firm Pony.ai, according to the latter’s announcement.
AutoNavi Software Co., Ltd., a Chinese mapping app acquired by Alibaba Group Holding Ltd. in 2014, has launched a ride-hailing aggregation platform to compete with Didi and other ride-hailing services in China.
China’s largest search engine Baidu, plans to make a strategic investment in Chinese auto and logistics financier Lionbridge Group, to expand its autonomous driving push.
NIO Capital, the venture capital arm of Chinese electric vehicle start-up NIO, has led a series B round worth hundreds of millions of RMB in AIpark, a Beijing-based parking service company providing smart urban parking management system. The company also offers artificial intelligence-based stereo garage solutions.
Evergrande Health Industry Group Ltd, a Hong Kong-listed investment holding company engaged in the media and healthcare businesses, announced that it has entered into an agreement to acquire a company that owns 45% equity interest in a joint venture with Faraday Future, the U.S.-based electric car start-up founded by embattled Chinese entrepreneur Jia Yueting, according to a security filing.
Beijing Electric Vehicle Co., an electric vehicle subsidiary of the BAIC Group also known as BJEV, and Canadian automotive supplier Magna International Inc. has signed term sheets to set up two joint ventures for EV manufacturing and engineering.
Chinese used car e-commerce platform Uxin has set terms for its US$437 million initial public offering on NASDAQ, according to its security filing.
Chinese electric vehicle manufacturer Future Mobility Corporation, the parent company of Byton, has placed an order for a paint shop capable of dealing with 150,000 cars per year in Nanjing, according to an announcement by German mechanical and plant engineering firm Dürr.
Japanese automaker Toyota Motor Corporation has announced a US$1 billion investment in Grab Holdings Inc., a Singapore-based ride hailing company backed by China’s largest ride hailing firm Didi Chuxing.
Chinese used car auction platform Tiantianpaiche has received US$100 million strategic investment Autohome, a Chinese automobile online platform, according to Tiantianpaiche’s announcement on its official WeChat account.
Chinese private equity fund Green Harbor Investment has led a RMB800 million (US$125 million) series D round in Nanjing-based customer-to-business used car auction platform Chezhibao.
Alibaba’s financial services unit Ant Financial has invested RMB2.06 billion (US$321 million) in bike sharing firm Hellobike, valuing the latter at US$1.47 billion and giving birth to a new unicorn company in China, according to Shanghai-listed Yonou Bike’s security filing.
Finally, one Chinese electric vehicle company has reached the critical moment of delivering its vehicles to face the real-life tests and inspections by consumers. NIO, a Shanghai-based EV unicorn with a reported valuation of between US$3 billion to US$5 billion, delivered its first batch of NIO ES8, a seven-seater electric SUV, today in Shanghai, NIO announced today.