EV maker Xpeng raises additional $300 million: report

By Chris Udemans

Electric vehicle (EV) startup Xpeng has raised an additional $300 million as part of the company’s Series C+, bringing the total amount raised in the round to $800 million.

Why it matters: The deal reflects growing optimism in China’s electric vehic…

AI zone to launch in China’s manufacturing heartland

By Lavender Au

Jan 15, 20202 min read Local residents test out self-driving taxis in Guangzhou. (Image credit: WeRide)Guangzhou city government announced on Wednesday a plan to launch a zone dedicated to artificial intelligence (AI) in a bid to build a robust digi…

Chinese drone maker Ehang files for US IPO: report

By Wei Sheng

Sep 27, 20191 min read (Image credit: BigStock/igor stevanovic)Chinese drone maker Ehang has secretly filed an application for an initial public offering with Nasdaq, seeking to raise as much as $200 million, Bloomberg reported on Thursday, citing p…