Hesai, a Shanghai-based LiDAR manufacturer, announced on June 8 the completion of its Series D funding with over $300 million raised. The latest financing round was led by GL Ventures, Xiaomi, Meituan, and CITICPE.
Jun. 8 , 2021
In May 2021, around 1.655 million locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) were handed over to consumers in China, representing a year-on-year growth of 1.1% and a month-on-month increase of 0.8%, according to the CPCA.
Jun. 8 , 2021
BYD Company Limited (BYD) announced it scored a 45.49% year-on-year leap by selling 46,295 new vehicles in May 2021.
Jun. 8 , 2021
One of the main reasons for Internet tech companies’ zeal in car cause is the huge market potential of smart cars and new energy vehicles (NEVs) in China.
Jun. 7 , 2021
SAIC Motor said its complete vehicle sales reached 406,735 units in May 2021, dropping 14.02% compared to the same period in 2020.
Jun. 4 , 2021
GAC AION, the BEV-focused wholly-owned subsidiary of GAC Group, announced it delivered 10,395 new vehicles in May 2021, representing a robust year-on-year leap of 154% and for the first time recording monthly deliveries of over 10,000 units.
Jun. 4 , 2021