(Photo source: CnEVPost)
Xpeng Motors and Nio are the new energy vehicle companies with the highest number of financing in the last 10 years, information from data provider Qichacha shows.
From 2011 to the first half of 2021, Xpeng’s number of financing reached 14, ranking first in Qichacha’s top 10 list of new energy vehicle financing in the last decade.
Nio came in second, with 13 financing events in the same period, the ranking shows.
Battery supplier CATL, which is also counted in the ranking despite not being a new energy vehicle company, is third with 12 financings.
Other companies on the list include Faraday Future with 11, Li Auto with 10 and WM Motor with 7.
In terms of funding amounts over the past decade, Faraday Future was No. 1 with RMB 40.2 billion ($6.2 billion), Nio was No. 2 with RMB 32.8 billion, and BYD was No. 3 with RMB 29.2 billion.
WM Motor ranked sixth with RMB 26.2 billion, Evergrande Auto ranked seventh with RMB 25 billion, Xpeng ranked eighth with RMB 22.3 billion, and Li Auto ranked ninth with RMB 21.4 billion.
Notably, Xpeng went public in Hong Kong earlier this month to secure new financing, and Faraday Future went public in the US on Thursday.
In the first half of 2021, there were 57 financing events in the new energy vehicle industry, with disclosed financing amounting to RMB 82.71 billion, according to Qichacha.
In the first half of the year, BYD was the most financed player in the new energy vehicle industry, with more than 26.2 billion yuan, Evergrande Auto ranked second, with more than 21.6 billion yuan, and Xpeng ranked 10th, with more than 500 million yuan.
The number of existing “new energy vehicle” related companies in China has exceeded 321,000, the data also shows.
A total of 81,000 new energy vehicle-related companies were incorporated in 2020, up 65.3 percent year-over-year. A total of 77,000 new companies were added in the first half of 2021, up 165.5 percent year-over-year.
