Elon Musk, CEO of the U.S.-based EV manufacturer Tesla, delivered an online speech on Sept. 26 at the opening of the World Internet Conference 2021, saying Tesla will continue to expand investment and R&D efforts in China.
Sep. 26 , 2021
Chairman of BMW Group, Oliver Zipse, announced that the group plans to step up its future investment in Liaoning Province, home-base of its joint venture BMW Brilliance Automotive, according to media outlet Xinhua.
Sep. 26 , 2021
On September 26, the Audi A7L, the first mass-produced model of SAIC-Audi project, was formally put into production at SAIC VW’s plant in Anting Town, Shanghai, with the presale of its 3.0T 55TFSI version kicking off at the same time.
Sep. 26 , 2021
China’s ride-hailing platform T3 is reportedly finishing up a new round of financing worth over RMB5 billion led by CITIC Group. The company will be granted at least RMB2 billion in line of credit, sources inside the company told local media outlets.
Sep. 24 , 2021
SAIC Motor aims to gain over 100 billion yuan of annual revenue from its commercial vehicle (CV) business by 2025, as part of the development plan the automaker sets for its CV unit arm in the 14th Five-Year Plan period.
Sep. 24 , 2021
Chinese augmented reality (AR) technology company Nreal announced on Sept. 23 it nabbed over $100 in the Series C financing, which was co-led by NIO’s investment arm NIO Capital, Yunfeng Capital, and Hongtai Aplus.
Sep. 23 , 2021