Chinese startup CHJ Automotive (CHJ) announced today that the company has completed a RMB 3 billion Series B round that was led by Matrix Partners China and a new energy fund under Shougang Fund.
Mar. 22 , 2018
The long-discussed ownership restrictions of Sino-foreign automotive JVs are likely to be relaxed in the near future and the issue has been put into agenda by the relevant government departments, according to the person who briefed this matter.
Mar. 22 , 2018
According to local media, Beijing issued its first batch of temporary plates for road tests of autonomous vehicles. Beijing Baidu Network Technology Co., Ltd., Baidu Inc’s subsidiary, was given 5 temporary plates.
Mar. 22 , 2018
GAC Honda’s 6,000,000th vehicle rolled off the production line on Mar. 19, marking that GAC Honda become GAC Group’s first company whose cumulative sales reached 6,000,000 units, according to GAC Honda.
Mar. 21 , 2018
On March 20,China Mobile Communications Corporation Government and Enterprise Service Company (hereinafter the company) officially announced at a press conference that the company will build a new national-centralized IoV company.
Mar. 21 , 2018
Zhu Huarong, Changan Auto' presidentsaid in an recent interview that Changan has not received any notice about the regroup among Changan Auto, FAW Group and Dongfeng Motor. He thought the automakers’ merger will not happen in the short term.
Mar. 21 , 2018