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China’s EV upstart Nio switches on power-swap station in Sweden

Electric vehicle startup Nio is accelerating its expansion in Europe. The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn post. When

China’s Nio joins the race for lithium, buys 12% of Australia’s Greenwing Resources

China’s electric vehicle upstart Nio has joined Tesla in sourcing raw materials directly from mines rather than its own battery suppliers as soaring prices of lithium, a critical component of EV

Boston’s ClearMotion funded by Nio Capital to switch on in-car metaverse in China

U.S.-China decoupling is expected to discourage cross-border investments between the two superpowers as investors shy away from sanctions and geopolitical risks. But in some areas, Chinese investors a

Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet

Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches th

China’s EV darling Nio turns to Hong Kong and Singapore amid US delisting risk

Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the U

Did we learn anything from the Elon-Twitter brouhaha?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record not

China’s EV upstarts are building their own investment powerhouses

The investment game going after automotive startups is getting more competitive in China with not only established venture capital firms joining the fray but also industry veterans. Two mobility-focus

EV upstart XPeng is expanding beyond China

Like Nio, Chinese electric car maker XPeng has kickstarted its international expansion. But unlike its rival, which put on a series of splashy campaigns in Norway, XPeng launched quietly in the Scandi

Chinese EV startup Nio’s journey to the West

Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already ta

Equity Tuesday: Everyone is raising money at the same time

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday Tuesday, our weekly kickoff that tracks the la

Tesla will store Chinese user data locally, following Apple’s suit

The handling of user data in China has become a delicate matter for foreign tech companies operating in the country. Apple’s move to store the data of its Chinese customers in servers managed by

Lidar startup Innovusion closes $64M round led by Temasek

More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. But it’

Chinese EV maker Nio is stepping outside of China for the first time

Chinese electric vehicle maker Nio has chosen Norway — an EV hotspot — for its first foray into international markets. Nio Norway will offer a European version of ES8, Nio’s flagship electri

China’s XPeng in the race to automate EVs with lidar

Elon Musk famously said any company relying on lidar is “doomed.” Tesla instead believes automated driving functions are built on visual recognition and is even working to remove the radar

Is the 2020 SPAC boom an echo of the 2017 ICO craze?

I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has alre

China’s electric SUV maker Li Auto raises $1.1 billion in US IPO

Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 bil

Despite Tesla-led hype, private investment in EV startups appears steady

Earlier today, news broke that Xpeng, a China-based electric vehicle company has raised $500 million, adding to its 2019-era $400 million Series C. The round, a Series C+ investment, brings the compan

EV startup Nio secures $1 billion investment from China entities

Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic devel

Tesla surges past $500 on back of analyst upgrade, China momentum

Today in regular trading, shares of American electric car manufacturer Tesla surged past the $500 mark. Tesla, perhaps the most famous electric vehicle company in the world, has had a tumultuous last

Mobileye expands its robotaxi footprint with a new deal in South Korea

Mobileye announced Tuesday an agreement to test and eventually deploy a robotaxi service in Daegu City, South Korea, the latest example of the company’s strategy to expand beyond its traditional
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