Market & Industry
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
ZF Group to build new auto electronics factory in Guangzhou’s Huadu District
ZF Group to build new auto electronics factory in Guangzhou’s Huadu District

On Dec. 12, ZF Group signed an investment agreement with Guangzhou Huadu District Government to build a new automotive electronics factory.

Dec. 13 , 2022
Great Wall Motor sees overseas sales leap 33.87% YoY in Nov. 2022
Great Wall Motor sees overseas sales leap 33.87% YoY in Nov. 2022

Great Wall Motor ("GWM") sold 87,560 vehicles in Nov. 2022, representing a 28.53% year-on-year decrease, according to the company's latest monthly sales results.

Dec. 9 , 2022
EV startup BeyonCa names former Mercedes-Benz designer as China chief designer
EV startup BeyonCa names former Mercedes-Benz designer as China chief designer

BeyonCa, the luxury smart electric vehicle brand founded by former Volkswagen China’s iconic figure, Soh Weiming, appointed Lucas Colombo as its China Chief Designer on December 7.

Dec. 9 , 2022
China’s NEV sales shoot up 72.3% YoY in November 2022
China’s NEV sales shoot up 72.3% YoY in November 2022

In November, China’s overall auto output and sales faced a downward movement due to a bearish market. Nonetheless, sales of new energy vehicles (NEVs) continued to refresh its record in the past month, while the auto export volume remained promising.

Dec. 9 , 2022