Market & Industry
Former WeWork’s executive reportedly joins NIO as VP of new strategic business
Former WeWork’s executive reportedly joins NIO as VP of new strategic business

Ai Tiecheng, former general manager at WeWork Greater China, has joined NIO to serve as vice president of strategic new businesses and will directly report to William Bin Li, NIO’s founder, chairman, and CEO.

Jul. 30 , 2021
Great Wall Motor puts Jingmen manufacturing plant into operation
Great Wall Motor puts Jingmen manufacturing plant into operation

Great Wall Motor (GWM) saw its manufacturing plant in Jingmen, Hubei province start vehicle production on July 29, according to a post on GWM’s WeChat account.

Jul. 30 , 2021
Xiaomi’s chairman posts job ad for Level 4 self-driving tech development
Xiaomi’s chairman posts job ad for Level 4 self-driving tech development

Lei Jun, founder, chairman and CEO of Xiaomi, on July 28 posted a job ad via his Weibo account for the company’s autonomous driving business unit, which intends to enlist 500 technicians for in-house developed Level 4 smart driving capability.

Jul. 29 , 2021
JAC Group expected to gain 480 million yuan in semi-annual net profit
JAC Group expected to gain 480 million yuan in semi-annual net profit

JAC Group announced on Tuesday its net profit attributable to shareholders is anticipated to reach roughly 480 million yuan ($73.77 million) for the first half of 2021, rocketing from the net loss of 147.44 million yuan for the year-ago period.

Jul. 28 , 2021
Hefei said to woo Xiaomi’s vehicle business
Hefei said to woo Xiaomi’s vehicle business

Hefei has a good industrial foundation for new energy vehicle (NEV) segment, which is attractive to Xiaomi.

Jul. 27 , 2021
Trunk.tech green-lighted by Beijing to make autonomous truck road tests
Trunk.tech green-lighted by Beijing to make autonomous truck road tests

Trunk.tech has become one of the first companies to obtain Beijing's permit that allows road tests for self-driving commercial vehicles, marking a big step on its path to large-scale commercial operation of autonomous trucks.

Jul. 27 , 2021