- SVOLT obtains 5.1 billion yuan financial support for Huzhou base construction
SVOLT Energy Technology (Huzhou) Co., Ltd. signed an agreement with a bank consortium on Nov. 29 for a 4.5 billion worth of loan and a funding support of 600 million yuan.
Nov. 30 , 2022
- China’s Haier Group sets up auto technology subsidiary
Haier Group, a Chinese multinational home appliances and consumer electronics company, recently set up an automotive technology subsidiary in Qingdao city.
Nov. 28 , 2022
- Beijing Benz, Baosteel sign MoU for greener automotive steel supply chain
Beijing Benz Automotive Co., Ltd. and Baosteel signed a memorandum of understanding (MoU) on Nov. 22 to jointly promote the application of cleaner raw materials in the manufacturing process of complet...
Nov. 23 , 2022
- ZF starts building chassis component, AKC project at Zhangjiagang base
ZF officially broke ground on its chassis component system and active kinematics control (AKC) project at its Zhangjiang base on Nov. 19.
Nov. 22 , 2022
- Chinese battery supplier SVOLT intends to bag 15 billion yuan through IPO
SVOLT filed a draft prospectus last week for its initial public offering (IPO) and listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
Nov. 21 , 2022
- Continental AG’s Qufu-based subsidiary inks agreement for new auto electronics project
Road-Broad Automotive Electronics (Qufu) Co. Ltd. inked a cooperation agreement with the Management Committee of Qufu Economic Development Zone on Nov. 17 to construct the second phase of Continental ...
Nov. 18 , 2022
- Sunwoda lists GDRs on SIX Swiss Exchange
On Nov. 14, Chinese battery maker Sunwoda Electronic Co., Ltd. ("Sunwoda") celebrated its public listing on the SIX Swiss Exchange by issuing GDRs, marking a milestone for the company's global strateg...
Nov. 15 , 2022
- China’s air suspension supplier KASCO bags 510 million yuan in Series B round
Chinese air suspension supplier KASCO on Nov. 14 announced via its WeChat account that it has closed the Series B equity financing, which raised for the company a total of 510 million yuan.
Nov. 14 , 2022
