Electric Vehicles

Xpeng says Gu’s resignation will not impact the company’s self-driving business.

The EV maker blamed supply chain issues.

It raised USD 105 million in equity funding earlier this year.

Facing weak sales and dwindling funds, Nio is now fighting for survival.

The deal was first reported by a Chinese media outlet on February 18.

The company plans to raise over RMB 10 billion (USD 1.4 billion) for this project.

The San Francisco-based company plans to expand its EV fleet in India to 1500 by this year from the current 350 vehicles.

B: Live says it is the only EV tourism startup in the country that is offering experiential tours on e-bikes.