Market & Industry
New energy smart truck maker ZERON completes Pre-A financing round
New energy smart truck maker ZERON completes Pre-A financing round

Chinese intelligent new energy heavy-duty truck maker, ZERON, recently announced the completion of a Pre-A round funding amounting to 140 million yuan.

Aug. 16 , 2023
BAIC BJEV to establish new factory as part of upgraded collaboration with Huawei
BAIC BJEV to establish new factory as part of upgraded collaboration with Huawei

In a bid to enhance its collaboration with Huawei, BAIC Group’s new energy vehicle arm, BAIC BJEV, is set to establish a new factory, as disclosed in an announcement made by BAIC BluePark on August 14.

Aug. 16 , 2023
Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit
Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit

Chinese legacy automaker Dongfeng Motor Group announced a projected 75% year-on-year decline in net profit attributable to shareholders for the first half of 2023, as revealed in a recent disclosure on August 14.

Aug. 16 , 2023
Tesla said to build local operation team for FSD in China
Tesla said to build local operation team for FSD in China

Tesla is strategically assembling a local operational team of around 20 members in its initial push to bring the Full Self-Drive (FSD) autonomous driving solution to the Chinese market, according to a local media outlet.

Aug. 15 , 2023
Geely, Baidu launch new automotive robot brand 'Jiyue'
Geely, Baidu launch new automotive robot brand 'Jiyue'

In a significant milestone for the collaborative "Automotive Robot Strategic Cooperation Project" between major Chinese automaker Geely and tech giant Baidu, a new brand called "Jiyue" has been officially unveiled on August 14.

Aug. 15 , 2023
China’s auto-grade semiconductor firm SiPower closes third funding round
China’s auto-grade semiconductor firm SiPower closes third funding round

Suzhou Xizhi Technology Co., Ltd. ("SiPower"), a Chinese third-generation semiconductor high-tech company, announced on August 14 it has successfully concluded its third funding round, amassing nearly 100 million yuan.

Aug. 15 , 2023