Market & Industry
FAW VW Audi hit hard by chip shortage
FAW VW Audi hit hard by chip shortage

FAW VW Audi is experiencing an intermittent production schedule as the chip shortage situation is worsening, sources close to the matter said to a local media outlet.

Sep. 8 , 2021
Dongfeng to sell 1.15% stake in Stellantis
Dongfeng to sell 1.15% stake in Stellantis

The shares, priced at 16.65 euros per share, accounts for 1.15% of the company which resulted from FCA and PSA merger.

Sep. 8 , 2021
Hesai partners with Black Sesame to promote autonomous driving commercialization
Hesai partners with Black Sesame to promote autonomous driving commercialization

Hesai Technology, China’s advanced laser radar manufacturer, has officially entered into a strategic partnership with Black Sesame Technologies, a Shanghai headquartered AI company focusing on autonomous driving computing solutions.

Sep. 8 , 2021
BYD Semiconductor resumes IPO program
BYD Semiconductor resumes IPO program

BYD Semiconductor, the semiconductor unit of BYD Company Limited, has recently resumed its IPO process, which was halted in mid-August due to a regulatory investigation into its advisory law firm.

Sep. 7 , 2021
Former Geely executive joins Xiaomi-backed capital firm, likely to lead vehicle business
Former Geely executive joins Xiaomi-backed capital firm, likely to lead vehicle business

The Beijing-based venture capital company Shunwei Capital recently updated its management team portfolio on its official website. The update showed that the former executive Hu Zhengnan joined Shunwei.

Sep. 7 , 2021
Nissan Aug. China sales fall 10.6% YoY
Nissan Aug. China sales fall 10.6% YoY

Nissan Motor' China sales, including those of passenger vehicles and light commercial vehicles, cumulated to 915,299 units for the first eight months of this year, increasing 8.5% year on year.

Sep. 7 , 2021