- Dongfeng-backed chip producer to mass produce power semiconductor modules from April
Zhixin Semiconductor Co.,Ltd., a chipset manufacturer backed by Dongfeng Motor Group, is expected to start running its power chip module assembly line with an annual capacity of 300,000 sets in April 2021.
- China PV retail sales likely to grow 8% in 2021, CPCA
China auto retail sales in 2021 are forecasted to climb 4% year on year, while the annual passenger vehicle deliveries are likely to grow 8%, said Cui Dongshu, secretary general of the China Passenger Car Association.
- Hefei said to pump 2 billion yuan into EV startup Leapmotor
Hefei municipal government intends to invest around 2 billion yuan ($308.2 million) in Leapmotor, a Hangzhou-headquartered Chinese EV startup, according to a local media outlet, quoting a person close to the startup’s senior management.
- SAIC Volkswagen’s MEB-based ID. 4 X starts at 199,888 yuan for presale
SAIC Volkswagen (SAIC VW) started on Jan. 21 the presale of its first MED-based model, the ID.4 X.
- SGMW says new Wuling-branded pickup named ‘Journey’
On Jan. 18, SAIC-GM-Wuling (SGMW), a joint venture between General Motors and two Chinese automakers, took the wraps off the first Wuling-branded new model for the year 2020.
Jan. 19 , 2021
- Geely Auto partners with Tencent for digital business, low-carbon development
Geely Auto and Tencent forged a strategic partnership on Jan. 19 to jointly develop such business as intelligent cockpit, autonomous driving, digital marketing and low-carbon development, according to...
Jan. 19 , 2021
- WM Motor’s new SUV co-developed with Baidu comes off production line
The W6, an EV model jointly developed by WM Motor and Baidu, rolled off the assembly line on Jan. 19 at the startups’ Hubei manufacturing base and is expected for delivery in the first half of 2021,...
Jan. 19 , 2021
- Sitech, Sinotruck join hands to roll out new EV models
EV startup Sitech and Sinotruck, a state-owned truck manufacturer formed a strategic partnership on Jan. 20 to team up on the R&D and manufacture of products, supply chain management and sales channel...
Jan. 21 , 2021
- CATL plows 1 billion yuan into new battery tech subsidiary
Chinese power battery giant CATL founded on Jan. 14 a new battery tech company in Fuding, Fujian province.
Jan. 18 , 2021
- SAIC, Alibaba-backed premium EV brand “IM” makes world’s debut
The premium auto brand “IM” (dubbed “Zhiji Motor” in Chinese) jointly developed by SAIC Motor, Alibaba and Shanghai’s Pudong New Area was formally launched on Jan. 13. Meanwhile, two concept...
Jan. 13 , 2021
- WeRide gathers $310 million in Series B funding with Futong Group as leading investor
WeRide, a Guangzhou-based autonomous driving startup, announced on Jan. 14 it has completed a $310 million Series B funding round, which is led by Yutong Group, a Zhengzhou-based commercial vehicle ma...
Jan. 14 , 2021
- NIO applies for trademark registration for NIO Super Computing platform
NIO has applied for the registration of several trademarks related to NIO’s super computing platform “ADAM” with international classifications including scientific instruments and design researc...
Jan. 14 , 2021
- AI chip provider Horizon Robotics banks $400 million in series C2 round
Chinese AI solution provider Horizon Robotics announced on Jan. 7 it bagged up to $400 million in its Series C2 financing, which is led by CATL and involved other investors like Baillie Gifford, YF Ca...
Jan. 07 , 2021
