Market & Industry
Bosch-backed Boyuan Capital invests in auto-chip firm Black Sesame Technologies
Bosch-backed Boyuan Capital invests in auto-chip firm Black Sesame Technologies

Chinese AI chip developer Black Sesame Technologies announced on Wednesday it has secured the strategic investment from Boyuan Capital, an investment platform set up by Bosch.

Jan. 12 , 2022
China auto sales up 3.8% YoY in 2021
China auto sales up 3.8% YoY in 2021

For the whole year of 2021, China produced 26.082 million vehicles, up by 3.4% year over year while the market sold 26.275 million vehicles last year, up by 3.8% from a year ago, according to the China Association of Automobile Manufacturers (CAAM).

Jan. 12 , 2022
China’s car parc amounts to 302 million units by end of 2021
China’s car parc amounts to 302 million units by end of 2021

China's motor vehicle parc amounted to roughly 395 million units by the end of Dec. 2021, of which 302 million units were automobiles, according to China's Ministry of Public Security (MPS).

Jan. 12 , 2022
SAIC-GM-Wuling scores 13.5% YoY growth in 2021 retail sales
SAIC-GM-Wuling scores 13.5% YoY growth in 2021 retail sales

SAIC-GM-Wuling claimed on Tuesday a retail sales volume of 1,760,176 new vehicles for the year of 2021, representing a 13.5% year-on-year increase.

Jan. 11 , 2022
Bosch-invested U Power launches customizable skateboard chassis
Bosch-invested U Power launches customizable skateboard chassis

China’s skateboard chassis developer, U Power, launched its electric UP Super Board that allows over 1,000 km of range and three concept models built on top of the board.

Jan. 11 , 2022
China's homegrown PV retail sales in 2021 grow 4.5% YoY
China's homegrown PV retail sales in 2021 grow 4.5% YoY

For the year of 2021, the retail sales of locally-produced PVs (referring to cars, MPVs, SUVs and minibuses) in China amounted to around 20.486 million units, rising 4.5% from the previous year, according to the CPCA.

Jan. 11 , 2022