Market & Industry
New energy vehicles projected to take up 51.9% of China’s passenger vehicle retail sales in Dec. 2024: CPCA
New energy vehicles projected to take up 51.9% of China’s passenger vehicle retail sales in Dec. 2024: CPCA

Of those, new energy vehicle (NEV) sales are expected to account for around 1.4 million units in December, representing a penetration rate of 51.9%.

Dec. 19 , 2024
Farizon-backed Chunqing Technology completes Pre-A+ funding round
Farizon-backed Chunqing Technology completes Pre-A+ funding round

On December 18, Chunqing Technology, a subsidiary of Farizon New Energy Commercial Vehicle Group (Farizon), announced the completion of its Pre-A+ financing round, which raised for the company $135 million.

Dec. 18 , 2024
Audi FAW NEV's manufacturing factory starts operation
Audi FAW NEV's manufacturing factory starts operation

On December 17, Audi FAW New Energy Vehicle (NEV) Co., Ltd. (Audi FAW NEV) officially began operation at its manufacturing factory, according to a post on the company's WeChat account. The first model produced here is the Audi Q6L e-tron.

Dec. 18 , 2024
Changan Kaicheng plans to introduce new investors
Changan Kaicheng plans to introduce new investors

Changan Automobile announced on December 17 that its commercial vehicle subsidiary, Changan Kaicheng, plans to raise up to 2.5 billion yuan through a capital expansion.

Dec. 18 , 2024
AVATR secures over 11 billion yuan in Series C financing
AVATR secures over 11 billion yuan in Series C financing

On December 17, premium new energy vehicle brand AVATR announced the successful completion of its Series C financing round, which raised for the company over 11 billion yuan.

Dec. 18 , 2024
Gasgoo Daily: MINIEYE to start trading in Hong Kong on Dec. 27
Gasgoo Daily: MINIEYE to start trading in Hong Kong on Dec. 27

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Dec. 17 , 2024