Market & Industry
Momenta draws capital from SAIC, Toyota, Bosch, others
Momenta draws capital from SAIC, Toyota, Bosch, others

Chinese autonomous driving startup Momenta announced on March 19 it has raised $500 million for its Series C funding, which is led by SAIC Motor, Toyota, Bosch, Temasek and YunFeng Capital.

Mar. 19 , 2021
China PV wholesales in Feb. 2021: Changan CS75 SUV honored best-selling PV model
China PV wholesales in Feb. 2021: Changan CS75 SUV honored best-selling PV model

Among the top 10 PV models by Feb. wholesales, there were 7 cars and 3 SUVs. The most noteworthy feature of the list was that the best-selling one was a SUV, namely the CS75.

Mar. 19 , 2021
Former Airbus’ executive joins Baidu, Geely’s joint venture
Former Airbus’ executive joins Baidu, Geely’s joint venture

Luo Gang, CEO of Airbus’ innovation center in China, has joined JIDU Auto, the electric vehicle (EV) joint venture between Baidu and Geely, according to a local media outlet.

Mar. 19 , 2021
Changan Suzuki changes name to Lingyao Automobile
Changan Suzuki changes name to Lingyao Automobile

Chongqing Changan Suzuki Automobile Co.,Ltd. (Changan Suzuki), formerly the joint venture between Changan Automobile and Suzuki, has changed its named to Chongqing Lingyao Automobile Co.,Ltd.

Mar. 17 , 2021
Faraday Future Appoints Industry Veteran Xuefeng Chen as CEO of FF China to Solidify US-China Dual Home Market Strategy
Faraday Future Appoints Industry Veteran Xuefeng Chen as CEO of FF China to Solidify US-China Dual Home Market Strategy

Faraday Future, a California-based global shared intelligent mobility ecosystem company, announced on March 16 that Mr. Xuefeng Chen has officially joined FF as the CEO of FF China and will report directly to Carsten Breitfeld, FF Global CEO.

Mar. 17 , 2021
Chery Holding posts 1.2% YoY growth in 2020 revenue
Chery Holding posts 1.2% YoY growth in 2020 revenue

Chery Holding announced on Tuesday it earned 105.6 billion yuan ($16.25 billion) in revenue for the year of 2020, a year-on-year growth of 1.2%.

Mar. 16 , 2021