Nio bags 5000 test drives and 320 pre-orders in 40 minutes

By Jill Shen

On Sunday night, Nio founder and CEO, William Li, appeared on the livestream of Wang Han, a famous TV personality, in front of 20 million people. As part of the sponsored appearance, Li introduced Wang to Nio’s ES6 SUV during his 40 minutes. Over 5,000…

AV funding picks up in first half of May

By Jill Shen

Chinese self-driving startup Hongjing Drive on Wednesday announced it has raised “tens of millions of RMB” in its Series pre-A. This is the second venture deal in China’s AV industry in two weeks amid an enhanced national push to drive an nautomotive t…

Faraday Future may live to see another day

By Jill Shen

The feast-or-famine financials that have blighted Faraday Future for two years look near a turning point. Its beleaguered founder has secured majority votes from creditors for his personal debt-restructuring plan, according to a US court filing by bank…