Market & Industry
China’s chassis-by-wire supplier LEEKR Technology secures RMB200 million in Series A investments
China’s chassis-by-wire supplier LEEKR Technology secures RMB200 million in Series A investments

On May 19th, LEEKR Technology, China’s chassis-by-wire system solution provider, announced the completion of its Series A and A+ rounds of investment, raising roughly RMB200 million ($29.6 million).

May 19 , 2022
BAW’s Yuanbao to hit market in June to take on Hongguang MINIEV
BAW’s Yuanbao to hit market in June to take on Hongguang MINIEV

Chinese automaker Beijing Automobile Works Co., Ltd. (“BAW”) on Wednesday kicked off presale of an all-new mini all-electric vehicle model, named “Yuanbao”.

May 19 , 2022
China imported PV deliveries dip 18.8% YoY in Q1 2022
China imported PV deliveries dip 18.8% YoY in Q1 2022

For the first quarter of 2022, there were 195,557 imported passenger vehicles (PVs) delivered across China, representing an 18.8% decrease year-over-year, according to Sinomach Automobile Co., Ltd., China's largest dealer of imported vehicles.

May 18 , 2022
China said to release policy to boost car sales in rural area in June
China said to release policy to boost car sales in rural area in June

China is likely to issue another “cars going to the countryside” policy in June, according to China Securities Journal.

May 18 , 2022
Ganfeng Lithium to unleash production capacity of 1st-generation solid-state battery in 2022
Ganfeng Lithium to unleash production capacity of 1st-generation solid-state battery in 2022

Jiangxi Ganfeng Lithium Co., Ltd. (“Ganfeng Lithium”), one of the world's top producers of battery-grade lithium, will gradually unleash the 2GWh production capacity of its first-generation solid-state battery this year.

May 18 , 2022
TELD teams up with Greater Bay Technology, EEZI on charging network expansion
TELD teams up with Greater Bay Technology, EEZI on charging network expansion

TELD recently signed strategic cooperation agreements with Greater Bay Technology (“GBT”) and the NEV startup EEZI respectively, aiming to speed up the deployment of its charging network, according to an announcement released by TGOOD.

May 18 , 2022