Market & Industry
Chinese chassis-by-wire firm Trugo Tech closes Series A, A+ rounds
Chinese chassis-by-wire firm Trugo Tech closes Series A, A+ rounds

Shanghai Trugo Technology Co. Ltd. (“Trugo Tech”) today announced via its WeChat account it has completed its Series A and A+ financing rounds with over 100 million yuan ($14.547 million) raised in total.

Feb. 21 , 2023
BMW's Shenyang base celebrates 5 millionth vehicle rolling off production line
BMW's Shenyang base celebrates 5 millionth vehicle rolling off production line

On February 20, a brand new full-electric BMW i3 eDrive40L rolled off the production line at BMW iFACTORY in Tiexi, Shenyang, Liaoning Province, marking the production of the 5 millionth vehicle at BMW's Shenyang manufacturing base and the beginning

Feb. 21 , 2023
Chinese EV charging/discharging tech developer XY Power closes Series A funding
Chinese EV charging/discharging tech developer XY Power closes Series A funding

Xi'an XY Power recently announced the completion of its Series A financing.

Feb. 21 , 2023
Gasgoo Daily: Geely Holding, Hangzhou municipal government forge strategic cooperation
Gasgoo Daily: Geely Holding, Hangzhou municipal government forge strategic cooperation

With Gasgoo Daily, we will offer daily important automotive news in China.

Feb. 17 , 2023
Nanjing plans to deploy 3 hydrogen-refueling stations, 300 fuel cell vehicles by 2025
Nanjing plans to deploy 3 hydrogen-refueling stations, 300 fuel cell vehicles by 2025

Nanjing, the capital city of China’s Jiangsu province, aims to deploy 3 hydrogen filling stations and 300 fuel cell vehicles (FCVs) by 2025, according to a document issued by Nanjing Municipal Bureau of Industry and Information Technology.

Feb. 17 , 2023
China’s 2022 annual deliveries of imported passenger vehicles dip 18.2% YoY
China’s 2022 annual deliveries of imported passenger vehicles dip 18.2% YoY

For the entire year of 2022, there were 768,274 imported passenger vehicles (PVs) delivered across China, representing an 18.2% decrease year-on-year, according to Sinomach Automobile Co., Ltd.

Feb. 17 , 2023