NIOS 10th Class admission in Dubai, Abu Dhabi, Sharjah, Ajman, Al Ain, and across the UAE at Time College. Call us at +971-55-2269076 for more info.
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Nio announces closing of investment from Abu Dhabi fund - CnEVPost
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Nio has been at the brink before. Can the EV maker rally again?
A just-in-time share sale to CYVN Holdings LLC, an investment entity controlled by the government of Abu Dhabi, may get Nio off the immediate hook.
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NIO Bags $738 Million from UAE Amid Spiralling Losses and Cash Burn
Chinese EV maker NIO has announced that CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government would invest $738.5 million in the company by purchasing newly issued shares.
Like fellow startup EV companies, NIO is battling perennial losses and cash burn and needs funds to keep its cash-guzzling operations running.
UAE to invest over $700 million in NIO
NIO would…
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NIOS Classes in Ajman
NIOS 10th Class admission in Dubai, Abu Dhabi, Sharjah, Ajman, Al Ain, and across the UAE at Time College. Call us at +971-55-2269076 for more info.
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𝐆𝐞𝐭 𝐀𝐝𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝐟𝐨𝐫 𝐍𝐈𝐎𝐒 𝟏𝟐𝐭𝐡 Get admission and coaching from Times Education for National Institute of open schooling–(NIOS) 12th Class /plus two/ Senior Secondary schooling. We conduct classes/coaching for NIOS in our institutes in Abu Dhabi, Ajman, Dubai, Sharjah, and Al Ain. Our coaching experts will ensure that students write exams with full confidence. Enrol now: https://bit.ly/2XsTuX0 https://www.instagram.com/p/CDdqhk4jS1d/?igshid=1ga4ds04ws1f2
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Chinese Tesla rival Xpeng Motors files for New York IPO
Xpeng Motors latest electric car is called the P7.
Xpeng Motors
Chinese electric car start-up Xpeng Motors has filed for an initial public offering (IPO) on the New York Stock Exchange, according to an official filing.
While the company did not disclose how many Class A ordinary shares it would sell, Xpeng Motors said it would sell 429,846,136 class B ordinary shares, according to the Securities and Exchange Commission (SEC) filing published Friday. It also said it plans to raise a placeholder amount of $100 million, a figure that will likely change.
Each Class A ordinary share will be entitled to one vote while each Class B ordinary share will give the holder 10 votes.
The filing comes after CNBC reported that it raised a further $400 million from Alibaba, one of its biggest shareholders, the Qatar Investment Authority (QIA) and Abu Dhabi sovereign wealth fund Mubadala. QIA and Mubadala both invested $100 million each as part of that round.
Xpeng’s push for a New York IPO comes amid escalating tensions between the U.S. and China that have threatened Chinese firms listing on Wall Street.
The IPO will give Xpeng another injection of cash as it faces tough competition in China from a number of players including Li Auto, which recently listed in the U.S., WM Motor and Nio. But the company also competes with Tesla, which has looked to boost its presence in China with a Shanghai factory.
Earlier this year, Tesla began rolling out its Model 3 sedan made in the Shanghai factory to consumers in China.
Xpeng currently has two cars on the market — the G3 SUV and the P7 sedan. The latter competes with Tesla’s Model 3.
G3 production began in November 2018 and as of July 31, 2020, Xpeng said it had delivered 18,741 units to customers. The P7 started to roll out to customers in May this year and as of July 31, Xpeng had delivered 1,966 units of the vehicle to customers.
The company is planning to launch a third electric vehicle sedan in 2021, the company said in the SEC filing.
Xpeng, which was founded in 2015, has tried to differentiate itself from rivals by talking up its investment in software. The company has a feature called XPILOT which gives cars some semi-autonomous driving features like automated parking. XPILOT is developed in-house and Xpeng is positioning it as a rival to Tesla’s Autopilot.
Financials and risks
In the six months ended June 30, Xpeng brought in 1 billion yuan ($141.9 million) in revenue, down from 1.23 billion yuan in the same period last year. Some of Xpeng’s stores were forced to close during the height of the coronavirus pandemic in China in February and March.
However, net loss for the period shrank to 795.8 million yuan from 1.92 billion during the first six months of 2019.
China’s electric car market has been supported by favorable policies over the past few years including subsidies. Some new energy vehicle subsidies and tax break policies that had been set to expire this year were extended to 2022.
Xpeng flagged any elimination or reduction of these policies as having the potential to “adversely affect” its business.
The trade war between the U.S. and China and subsequent tariffs could also hit Xpeng, the company warned.
“Although we do not currently export any of our Smart EVs (electric vehicles) to the United States, it is not yet clear what impact these tariff negotiations may have or what further actions the governments may take, and tariffs could potentially impact our raw material prices,” the SEC filing said.
Xpeng also addressed the legislation passed by the U.S. Senate in May that would increase scrutiny on Chinese firms listed on American exchanges with the potential for delistings for some foreign firms.
“If any such deliberations were to materialize, the resulting legislation may have a material and adverse impact on the stock performance of China-based issuers listed in the United States. It is unclear if this proposed legislation would be enacted,” the company said.
Credit Suisse, JPMorgan and Bank of America, are the underwriters for the IPO.
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from Job Search Tips https://jobsearchtips.net/chinese-tesla-rival-xpeng-motors-files-for-new-york-ipo/
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[https://youtu.be/GRBxK8a-nIo] Welcome to Hotel Boutique Casa Garay in Oaxaca City, Mexico (North America). Visit Hotel Boutique Casa Garay. The general services in the establishment are: wifi available in all areas. In the restaurant section we will enjoy: on-site coffee house, restaurant, breakfast options, bottle of water, wine/champagne, room service, packed lunches and restaurant (à la carte). To relax, the facilities have solarium. As far as the transfer is concerned, we have airport shuttle, airport drop off, parking garage, bicycle rental (additional charge), car hire, airport shuttle (free) and airport pick up. For the reception we will be able to have luggage storage, 24-hour front desk and safety deposit box. Within the common areas you can enjoy library, terrace, shared lounge/tv area and sun terrace. Cleaning services will include daily maid service and laundry. If you stay for business matters on the premises you will have meeting/banquet facilities. We will be able to highlight other benefits such as non-smoking rooms, designated smoking area, family rooms and air conditioning Book now cheaper in http://ift.tt/2iJblXO You can find more info in http://ift.tt/2elmAAU We hope you have a pleasant stay in Hotel Boutique Casa Garay Other hotels in this channel Hyatt Regency Dar es Salaam, The Kilimanjaro https://youtu.be/Ku1d8o4LObY Hotel Rabat https://youtu.be/SVh8QoOwvfw Geneva Hotel Tianjin https://youtu.be/GKJIfZz99BI Dinler Hotels Urgup https://youtu.be/MeVB2f6H3sY NagaWorld Hotel & Entertainment Complex https://youtu.be/bDt8QDS4yYE Calamansi Cove By Jetwing https://youtu.be/wFz5Iyf-I9Y Renaissance Paris Vendome Hotel https://youtu.be/AroDR_QUR9A Mediterranean White https://youtu.be/9DG085qfouI Four Seasons Resort and Residences Anguilla https://youtu.be/Riy34yqOR_A Crowne Plaza Toulouse https://youtu.be/N6uj4Omc9a0 White Swan Hotel https://youtu.be/6ASuTUqnSKk Rosewood London https://youtu.be/vuXI4CHVR1s Rosewood Abu Dhabi https://youtu.be/DUv3XFAyi2k Jumeirah Himalayas Hotel Shanghai https://youtu.be/HG3Z3ziBWEs Hotel Plaza Juan Carlos https://youtu.be/I7ygOUh_9B8 We hope you have a pleasant stay in Hotel Boutique Casa Garay All images used in this video are or have been provided by Booking. If you are the owner and do not want this video to appear, simply contact us. by World Hotel Video
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Happy Anniversary Ma & Pa!!! 👪🎉🎈🎊😊 December p last yr actually was their 25th yr since civil wed nio un and today's ung church wed but still 25 yrs p din un nag amount n ur still together 😄 haha nl8 lng po ako ng bati 😅😂 Thank u po 4 everything!!! Lab2!! ~~😙❤ 😁 "Be completely humble and gentle; be patient, bearing with one another in love." - Ephesians 4:2 👼💕 #fam💖 #silverAnniversary #valentinesCeleb 😆 (at Abu Dhabi, United Arab Emirates)
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