Expert Collections containing Youxia Motors
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Youxia Motors is included in 2 Expert Collections, including Auto Tech.
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
Unicorns- Billion Dollar Startups
Latest Youxia Motors News
Jan 28, 2022
(Yicai Global) Jan. 28 -- Youxia Motors could go bankrupt after the chairman’s entire stake, which accounts for some 90 percent of the Chinese electric vehicle maker’s equity, was frozen. Wei Jun’s stake in the company, worth about CNY45 million (USD7.1 million), will be frozen until 2025, according to corporate information platform Tianyancha. No reason was stated. A string of electric carmakers, including Byton, Saleen, Changjiang EV, and Nanjing Bordrin New Energy Vehicle, have gone bankrupt over the past few years. Shanghai-based Youxia was founded in 2014 by Huang Xiuyan. After chairing Xituo Industry Group, Wei joined in 2015, helping the startup secure financing. It raised CNY8.7 billion (USD1.37 billion) in three funding rounds, the last in August 2018. Nio and Xpeng Motors, two Chinese new energy vehicle giants, were also set up in 2014. They have since successfully listed on the stock market. Youxia released a concept model, the Youxia X, in July 2015, when Huang was referring to the company a the “Chinese version of Tesla.” In 2017, Youxia said it would spend CNY11.5 billion (USD1.8 billion) to build a super factory in Huzhou, Zhejiang province, with a 200,000-vehicle capacity. It was expected to be completed by 2018, but work was halted following delays and the plant closed in 2019. Editors: Xu Wei, Futura Costaglione Follow Yicai Global on
Youxia Motors Frequently Asked Questions (FAQ)
When was Youxia Motors founded?
Youxia Motors was founded in 2014.
Where is Youxia Motors's headquarters?
Youxia Motors's headquarters is located at Shanghai.
What is Youxia Motors's latest funding round?
Youxia Motors's latest funding round is Series B - II.
How much did Youxia Motors raise?
Youxia Motors raised a total of $1.326B.
Who are the investors of Youxia Motors?
Investors of Youxia Motors include Gezhi Asset Management, Qianhai Wuton Mergers and Acquisition Funds, China Environmental Protection Industry, China Fortune Ocean, Huzhou Wuxing South Taihu Lake Construction Investment and 4 more.