Chinese language electrical automobile maker Xpeng Inc.’s (NYSE: XPEV) CEO He Xiaopeng mentioned he purchased shares in rival startup Nio Restricted (NYSE: NIO) in the course of the latter’s hardest time in 2019, cnEVpost reported Monday.

What Occurred: The report quoted Xiaopeng as saying in an interview with CCTV that he bought Nio inventory in 2019 regardless of the opposition of his pals. The CEO additionally mentioned he invested a complete of $300 million in Xpeng at the moment. cnEV submit is a China-focused EV web site.

Xiaopeng reportedly mentioned he backed Nio as a result of the failure of firms like Xpeng and Nio would create an enormous drawback for the group of electrical automobile firms in China.

Shares of Nio had fallen to as little as $1.19 in 2019, the worst yr for the corporate, however rebounded in 2020 and rose to as excessive as about $67. Xiaopeng

By Sara Jane Hess and David Grabowski

Howdy, podcasty associates! It’s David and SJ once more, right here to provide the rundown on A) what’s occurring on this planet of podcasting, together with the Reply All fiasco, and the way it would possibly have an effect on you and B) 4 reveals we predict entrepreneurs ought to have of their queue.

In the event you missed our final roundup, we’re the SPI Podcasts Staff: Sara Jane Hess (Senior Producer) and David Grabowski (Producer). We wade neck-deep in podcast land each week—producing Pat’s reveals (and a few tremendous thrilling behind-the-curtain stuff that we’re not allowed to announce publicly but)—and we freakin’ find it irresistible. All that to say: belief us … you possibly can belief us.

Anyway …

4 No-Hesitation Podcast Recs

Enterprise Schooled (Synchrony)

Enterprise Schooled is a gem that appears to have flown below fairly a number of radars.

This submit first appeared Feb. 12, 2021 on the Media Temple Weblog.

Tax time can undoubtedly be one of many extra joyless components of being self-employed. It’s in all probability no shock {that a} Lending Tree survey from 2020 discovered that 54% of individuals don’t look ahead to submitting their taxes.

It’s comprehensible. You’re employed so laborious all yr, you pay your quarterly tax funds to the federal government, after which you must dig by a whole yr’s value of information and report all the pieces level by level? Ugh. No thanks.

However what’s attention-grabbing in regards to the Lending Tree survey is that 58% of respondents anticipated to get a tax refund. I’m prepared to guess it’s as a result of they knew methods to maximize their tax deductions.

As a contract net designer or developer, there are a variety of deductions you may declare in an effort to