Market & Industry
CATL, Huawei Device ink MOU for Huawei Smart Selection vehicle development
CATL, Huawei Device ink MOU for Huawei Smart Selection vehicle development

China’s battery player CATL and Huawei Device Co., Ltd. inked an MOU (Memorandum of Understanding) on December 14 in Ningde, Fujian Province.

Dec. 15 , 2022
CATL, Chery Holding begin all-around strategic cooperation
CATL, Chery Holding begin all-around strategic cooperation

CATL and Chery Holding Group signed a framework agreement on Dec. 14 to carry out all-around strategic cooperation on such fields as products, business affairs, marketing promotion, and business information resources.

Dec. 15 , 2022
GAC Group expects to score two-digit YoY growth in 2022 auto output, sales
GAC Group expects to score two-digit YoY growth in 2022 auto output, sales

GAC Group expects a double-digit year-on-year growth in its full-year automobile output, sales volume, gross industrial output value, and local industrial output value in Guangzhou city for the year of 2022.

Dec. 14 , 2022
China’s auto chip supplier indiemicro bags 300 million yuan in Series B financing
China’s auto chip supplier indiemicro bags 300 million yuan in Series B financing

China’s automotive chip solution developer Indie Microelectronics (indiemicro) announced on December 12 that it has received 300 million yuan ($43 million) in Series B financing.

Dec. 13 , 2022
Automotive LiDAR chip supplier Fortsense closes Series C financing
Automotive LiDAR chip supplier Fortsense closes Series C financing

Shenzhen-based integrated circuit developer Fortsense announced on December 12 the completion of its Series C financing which raised for the company several hundred million yuan.

Dec. 13 , 2022
Dongfeng Motor Group sees Nov. NEV sales jump 36.63% YoY
Dongfeng Motor Group sees Nov. NEV sales jump 36.63% YoY

In November, Dongfeng Motor Group Company Limited (Dongfeng Motor Group) sold 153,898 vehicles, representing a 42.22% decline from a year ago.

Dec. 13 , 2022