- Chinese EV startup Xpeng Motor applies for U.S. IPO
Chinese EV startup Xpeng Motors officially filed for a U.S. initial public offering on August 8, immediately following its rival Li Auto, which raised $1.1 billion through its debut on Nasdaq on July 30.
- China ambitious to boost 5G, Beidou system applications in transportation industry
China resolves to promote and popularize the industrial applications powered by advanced technologies, such as 5G, the BeiDou Navigation Satellite System, the remote-sensing satellite, cybersecurity, data center and AI.
- BYD achieves 2020’s first-time YoY sales growth
BYD Company Limited (BYD) said it sold 31,382 new vehicles in July, which were up by 1.28% compared with the prior-year period. It is noteworthy that the slight growth was the first-time increase BYD gained this year.
- SAIC Motor logs bigger YoY sales increase in July
With 457,558 new vehicles sold, SAIC Motor recorded a 4.04% year-on-year growth in July sales, 1.27 percentage points higher than the increase in June sales, according to the company’s sales report.
- BAIC BluePark intends to raise up to 5.5 billion yuan for development of ARCFOX premium models
BAIC BluePark intends to raise not more than 5.5 billion yuan ($787,841,450) through a non-public issuance of stocks, some of which are set to be poured in the development of ARCFOX-branded premium ve...
Aug. 05 , 2020
- SAIC Maxus boasts two-digit growth in both July domestic and foreign market sales
SAIC Maxus Automotive Co., Ltd., an exclusively-invested subsidiary of SAIC Motor, said it sold a total of 11,511 new vehicles in July, which jumped 26.4% from a year earlier.
Aug. 05 , 2020
- Chery Holding says domestic, export, NEV businesses all gain sales growth in July
Chery Holding obtained a year-on-year sales increase of 14.2% in July by selling 55,922 new vehicles. Notably, its domestic, export and NEV businesses all posted rising performance with their growth s...
Aug. 05 , 2020
- China honored world’s biggest NEV country for fifth year in a row
China has been honored the world’s largest NEV market in terms of both outputs and sales for the fifth year in a row as of 2019, said Xin Guobin, vice minister of China’s Ministry of Industry and ...
Aug. 03 , 2020
- Startup WM Motor to roll out two SUV, one sedan model by 2021
Chinese EV innovator WM Motor plans to roll out a sedan and two SUV models in the second half of 2020 and the year of 2021, some of which are likely to be powered by Level 4 autonomous driving and 5G ...
July 29 , 2020
- NIO honored champion Chinese EV startup by H1 insurance registrations
According to the China Insurance Regulatory Commission (CIRC), the so-called first-tier startups—NIO, Li Auto, WM Motor, Xpeng Motors and HOZON Auto—accounted for nearly 90% of the June insurance ...
July 29 , 2020
- Lear and Gentherm Introduce INTU™ Thermal Comfort Seating with ClimateSense™ Technology
Aug. 05 , 2020
- Huawei announces foundation of autonomous driving network lab
Huawei has announced the establishment of a joint laboratory focusing on autonomous driving network (AND) at the 2020 Huawei Autonomous Driving Network Technology Summit recently held in Suzhou, Jiang...
Aug. 04 , 2020
- GOHIGH, NavInfo announce strategic cooperation on intelligent connectivity, smart traffic
Datang Gohigh (GOHIGH) and NavInfo recently inked a strategic cooperation agreement to jointly develop applications and core technologies linking with a view to such areas as vehicle-road collaboratio...
July 31 , 2020
