Market & Industry
China’s LiDAR supplier LiangDao Intelligence completes A+ round
China’s LiDAR supplier LiangDao Intelligence completes A+ round

China’s LiDAR system solution provider, LiangDao Intelligence, has completed its A+ financing round, raising over hundreds of millions of yuan.

Jan. 26 , 2022
China’s locally-made PV retail sales expected to drop 6.2% YoY in Jan. 2022: CPCA
China’s locally-made PV retail sales expected to drop 6.2% YoY in Jan. 2022: CPCA

China's retail sales of locally-produced passenger vehicles (merely including cars, SUV, and MPVs) are anticipated to reach 2.05 million units in Jan. 2022, dropping 6.2% year on year, according to the China Passenger Car Association (CPCA).

Jan. 26 , 2022
Baidu, Geely invest $400 million in JIDU's A financing round
Baidu, Geely invest $400 million in JIDU's A financing round

On January 26th, Baidu’s JIDU announced that it had completed A round of financing, raising nearly $400 million from its parent companies, Baidu and Geely Holding.

Jan. 26 , 2022
GWM’s TANK 500 to hit market in March, starting from $52,932
GWM’s TANK 500 to hit market in March, starting from $52,932

The latest model of Great Wall Motor’s popular TANK series, the TANK 500, is said to be on the market in March 2022, according to a local media outlet. The news was later confirmed by the automaker.

Jan. 25 , 2022
BYD, CATL invest in d-ToF sensor chip supplier visionICs
BYD, CATL invest in d-ToF sensor chip supplier visionICs

visionICs, a Chinese d-ToF (direct time-of-flight) sensor supplier, recently added to its lineup of shareholders several new members, including an industrial investment fund backed by CATL and BYD.

Jan. 25 , 2022
Roborock founder's automaking project said to decline investment from NIO Capital, Meituan
Roborock founder's automaking project said to decline investment from NIO Capital, Meituan

The CEO of China’s Roborock intelligent cleaning robot company, Chang Jing, has reportedly raised $100 million from Tencent and others at the end of 2021 for his automaking project, Luoke Auto.

Jan. 25 , 2022