The fortunes of the founders and senior management of carmakers listing in Shanghai rest on investors’ continuing love of NEV stocks as they cannot sell their shares during a lock-up period on the Star Market for several years. The 500-per cent surge in Tesla’s share price has propelled chief executive Elon Musk to become the world’s wealthiest man last month, beating fellow centibillionaire Jeff Bezos of Amazon.com. Here are some of the biggest upcoming fundraising drives and new entrants to watch in the industry in the coming months:
We flag the biggest upcoming fundraising drives by Chinese electric car companies in 2021 and point out the new entrants to watch in the booming industry.