Thunder Power Funding, Investors & Competitors

Tesla is a vertically integrated battery electric vehicle automaker and developer of real world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling a sports car and offer a robotaxi service. Global deliveries in 2025 were nearly 1.64 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network and an auto insurance business.

Tata Motors Ltd is an automobile manufacturer, offering a diverse portfolio of smarter, integrated and safer mobility solutions. It designs, manufactures and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications. Its operating segments consist of: a) Automotive: The Automotive segment consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover and Vehicle Financing. Other operating segments do not meet the quantitative thresholds for disclosure and have been aggregated. b) Others: Others consist of IT services and Insurance Broking services. The majority of revenue is generated from the Tata Commercial Vehicles sub-segment of the Automotive segment.

GAC Aion is a Guangzhou-headquartered electric vehicle manufacturer established in 2017 as a sub-brand of Guangzhou Automobile Group. The marque produces passenger EVs including the Aion S sedan, Aion LX SUV, and Hyper series performance models while offering battery swapping stations and charging infrastructure services across China.

Tata Motors Passenger Vehicles Ltd Formerly Tata Motors Ltd is an automobile manufacturing company. It designs, manufactures, and sells a wide range of automotive vehicles. The company also manufactures engines for industrial applications, aggregates such as axles and transmissions for commercial vehicles, and factory automation equipment, and provides information technology services. Its operating segments include Automotive and Others. The Automotive segment, which derives key revenue, consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. Geographically, it generates maximum revenue from India, and the rest from the United States of America, United Kingdom, Rest of Europe, China, and the Rest of the World.

Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China’s passenger vehicle market. The company sold over 190,000 EVs in 2024, accounting for about 2% of China’s passenger new energy vehicle market. It is also a leader in autonomous driving technology.

Tata Passenger Electric Mobility Ltd is a Pune-based subsidiary of Tata Motors manufacturing electric passenger vehicles including the Nexon EV, Tigor EV, and Tiago EV. The company operates a 350-acre facility in Sanand, Gujarat, producing over 100,000 units annually with battery assembly and fast-charging infrastructure. TPEML partners with Tata Power for nationwide charging networks and exports to Europe and Southeast Asia.

Smart is an automotive brand producing compact urban vehicles under a joint venture between Mercedes-Benz Group and Geely, with manufacturing in Hambach, France, and Bovisio-Masciago, Italy. The company offers the smart fortwo coupe, cabriolet, and forfour models, enhanced by BRABUS tuning packages that boost engine output to 109 horsepower from the standard 91-horsepower rear-mounted electric or gasoline powertrains. BRABUS variants feature 18-inch alloy wheels, lowered sports suspension, and exclusive leather interiors in the Xclusive trim. Launched in 1998, Smart vehicles emphasize rear-engine layout for tight parking maneuvers and city navigation across Europe, North America, and Asia.

Zhiji Auto is a Shanghai-headquartered electric vehicle manufacturer established in 2020 through a joint venture between SAIC Motor and Alibaba Group. The company produces premium smart EVs including the LS6 sedan, LS7 SUV, and L7 sedan, all equipped with LiDAR-based autonomous driving systems and NVIDIA DRIVE Orin platforms. Deliveries of the L7 model started in late 2022, with over 10,000 units sold by mid-2023 across China.

Hozon is a Shanghai-based electric vehicle manufacturer operating the Neta brand. It produces models like Neta V, U, and S series SUVs and sedans with autonomous driving features, LFP batteries, and OTA updates. The company sells through dealerships in China and exports to Southeast Asia and Latin America.

ENOVATE Motors is a Shanghai-headquartered manufacturer of high-end new energy electric vehicles. The company produces intelligent models like the ME7 SUV, integrating global design, premium materials, and advanced interconnection features. ENOVATE emphasizes user-defined mobility with autonomous driving capabilities, over-the-air updates, and smart cabin technologies. Operating from facilities in Chongqing, it supplies vehicles to the Chinese market and explores international expansion through partnerships.

Youxia Motors is a Shanghai-headquartered electric vehicle manufacturer founded in 2014 with 4.2 billion yuan in registered capital. It develops, designs, produces, and services new energy vehicles, including the pure electric YOUXIA X model. The company advances smart city transportation technologies via youxiamotors.com.

Zhizi Automobile is a developer of new energy intelligent vehicles featuring fuel cell engines and solid-state chassis systems. Based in China, it focuses on hydrogen-powered SUVs and sedans with extended range and rapid refueling capabilities. The company integrates AI-driven autonomy and battery management for urban and long-haul applications.

BYTON is a Shanghai-headquartered electric vehicle manufacturer designing premium smart SUVs as connected devices. The company integrates advanced digital cockpits, autonomous driving features, and over-the-air updates.

Rimac Group is a Croatia-headquartered developer of electric vehicle technology, producing the Nevera hypercar with 1,914 horsepower and supplying powertrains to automakers. Founded in 2009 near Zagreb, Rimac partners with Bugatti-Rimac for high-performance EVs and Porsche for platform engineering. The company delivers battery systems, motors, and software for vehicles achieving sub-two-second 0-60 times.

Jidu Auto is a Beijing-headquartered electric vehicle manufacturer founded in 2021 as a joint venture between Baidu and Geely. The company produces Robocar models integrating Baidu's Apollo autonomous driving tech with Geely's EV platforms, targeting Level 4 self-driving capabilities for urban mobility.

Atlis Motor Vehicles is a Mesa, Arizona-based company founded in 2016 that engineers 100% battery-electric pickup trucks for consumer and commercial use. The flagship Atlis XT offers up to 500 miles of range, 18,000-pound towing capacity, and 15-minute charging for 15% to 80% capacity using 1.5-megawatt charging stations. The firm develops modular platforms compatible with existing tools and supplies for fleet transitions from diesel vehicles.

Singulato Motors is a Beijing-headquartered electric vehicle manufacturer focused on smart new energy automobiles. The company produces models like the iS6 SUV with 500 km range batteries and Level 3 autonomous driving capabilities, integrating big data analytics and cloud computing for vehicle-to-everything communication. Founded in 2014, Singulato invests in battery swapping stations and partnerships with Baidu for mapping data, targeting urban mobility solutions in China through its network of over 100 charging hubs.

Lordstown Motors is a Warren, Ohio-headquartered electric vehicle maker founded in 2018 producing the Endurance pickup truck for fleets with 250-mile range and 500-mile towing capacity. Its 620-acre factory assembles 20,000 units yearly using in-house hub motors. Facilities span Farmington Hills, Michigan, and Irvine, California, following Chapter 11 restructuring in 2023 under AABC Newco.