Caocao Zhuanche, a ride-hailing platform backed by Zhejiang Geely Holding Group, plans to raise up to RMB3 billion in a new round of financing, at a valuation of around $3 billion, according to people with direct knowledge of the plan.
Aug. 14 , 2018
Chinese hybrid power system supplier Hunan Corun New Energy Co., Ltd (Corun) announced on July 13 that the company plans to acquire a 36.97% stake in CHS Company, which is jointly held by Geely Holding and Shanghai Maple.
Aug. 14 , 2018
GAC Group announced that the 80th meeting of the group’s fourth board of directors examined and approved the proposal on HG model project under GAC Honda’s H brand on Aug. 10, agreeing GAC Honda to implement the HG model project under its H brand.
Aug. 14 , 2018
China-based millimeter-wave radar developer ANNGIC announced on August 13 that it has completed a RMB 50 million Series A round fundraising, which was exclusively invested by Fortune Capital.
Aug. 13 , 2018
Changan Automobile delivered 128,729 vehicles in July, suffering an evident year-on-year drop of 20.3% and a month-on-month slump of 31.6%. For the first seven months, the automaker saw its year-to-date sales fall 16.0% to 1,336,110 units.
Aug. 13 , 2018
JAC delivered 37,896 vehicles in July, leaping 19.89% from a year ago. During the past seven months, JAC handed over 290,166 units with a YoY drop of 5.26%, according to the data from official website of JAC.
Aug. 10 , 2018