Market & Industry
Sogou’s Wang Xiaochuan replaces Li Auto’s Li Xiang as independent director of NavInfo
Sogou’s Wang Xiaochuan replaces Li Auto’s Li Xiang as independent director of NavInfo

Li Xiang, the founder and CEO of Li Auto, will no longer serve as independent director of China’s leading navigation company NavInfo, replaced by Wang Xiaochaun, the founder of named search engine Sogou, according to corporate database, Qichacha.

Dec. 15 , 2021
FAW Hongqi said to launch first MPV model in 2022
FAW Hongqi said to launch first MPV model in 2022

FAW Hongqi’s first MPV model has started cold region test and calibration and is said to start mass production and delivery in 2022, according to a local media outlet. The new model’s photos were leaked online.

Dec. 15 , 2021
Volkswagen Group China soon to become Gotion High-Tech's biggest shareholder
Volkswagen Group China soon to become Gotion High-Tech's biggest shareholder

Gotion High-Tech announced on Monday will make a non-public issuance of 384,163,346 shares to Volkswagen (China) Investment Co.,Ltd.

Dec. 15 , 2021
XPeng apologizes for illegal collection of human face photos at Shanghai sales shops
XPeng apologizes for illegal collection of human face photos at Shanghai sales shops

XPeng Inc. officially apologized on Tuesday for its Shanghai sales shop’s illegal collection of human face photos which raise the public's concerns about personal data security.

Dec. 14 , 2021
Xiaomi’s Lei Jun resigns from multiple companies to focus on automaking
Xiaomi’s Lei Jun resigns from multiple companies to focus on automaking

In the past few months, founder and CEO of Xiaomi, Lei Jun, resigned as the executive director from several Xiaomi-related companies to dedicate his attention to his automaking endeavor, according to the PR manager of Xiaomi, Wang Hua.

Dec. 14 , 2021
VW increases stake in joint venture with JAC Group
VW increases stake in joint venture with JAC Group

China’s major automaker JAC Motors announced that it had completed a private offering with RMB2 billion raised.

Dec. 14 , 2021