Chinese Electric Car Start-Up Xpeng Gets $2 Billion In Credit From State-Owned Banks
China’s state-owned banks are stepping up their support for some electric car companies in the country. Alibaba-backed Xpeng announced it secured a credit line of 12.8 billion yuan ($1.98 billion) from major Chinese financial institutions — including three of the…
Kandi Enters Into Strategic Cooperation Agreement With Agricultural Bank Of China Hangzhou Branch
Kandi Technologies Group, Inc. (the “Company” or “Kandi”) announced today that it entered into a strategic cooperation agreement with the Hangzhou Branch of the Agricultural Bank of China. Given China’s effort to both encourage the battery swap model for electric…
