Automic, a wholly-owned subsidiary of Ford Smart Mobility, and Alibaba Cloud, the cloud computing arm of Alibaba Group, signed a Memorandum of Understanding (MOU) on August 14 to launch the Transportation Mobility Cloud (TMC) in China.
Aug. 14 , 2018
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
A number of the Haval F7 photos were revealed recently. The new model will carry with a range of safety assistance system with presale price between RMB 130,000 and RMB 160,000.
Aug. 13 , 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