Market & Industry
Xiaomi’s Lei Jun resigns from multiple companies to focus on automaking
Xiaomi’s Lei Jun resigns from multiple companies to focus on automaking

In the past few months, founder and CEO of Xiaomi, Lei Jun, resigned as the executive director from several Xiaomi-related companies to dedicate his attention to his automaking endeavor, according to the PR manager of Xiaomi, Wang Hua.

Dec. 14 , 2021
VW increases stake in joint venture with JAC Group
VW increases stake in joint venture with JAC Group

China’s major automaker JAC Motors announced that it had completed a private offering with RMB2 billion raised.

Dec. 14 , 2021
China NEV sales to reach 3.4 million units in 2021: CAAM
China NEV sales to reach 3.4 million units in 2021: CAAM

China’s annual automobile sales volume may surpass 26 million vehicles in 2021, with 13% being new energy vehicles, according to Fu Bingfeng, the executive vice president and secretary-general of China Association of Automobile Manufacturers (CAAM),

Dec. 14 , 2021
Xiaomi’s subsidiary Smartmi said to start automaking business
Xiaomi’s subsidiary Smartmi said to start automaking business

A member of Xiaomi’s ecosystem, Beijing Smartmi Technology Co., Ltd., is reportedly initiating its automaking process. Multiple talents from the EV field are joining the company, as sources close to the matter told a local media outlet.

Dec. 13 , 2021
BAIC confirms not to further stake in Daimler
BAIC confirms not to further stake in Daimler

Daimler AG and China’s major automaker BAIC Group reemphasized their long-term partnership today, along with their cross-shareholding details.

Dec. 13 , 2021
BAIC BJEV to equip new ARCFOX-branded models with third-generation solid-state battery
BAIC BJEV to equip new ARCFOX-branded models with third-generation solid-state battery

BAIC BluePark, the parent of BAIC Group’s NEV unit BAIC BJEV, plans to equip new models under the premium EV brand ARCFOX with its third-generation solid-state battery technology, which is in the process of being planned.

Dec. 13 , 2021