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GAC Capital invests in autonomous driving chip startup EVAS Intelligence
GAC Capital invests in autonomous driving chip startup EVAS Intelligence

China’s autonomous driving chip startup, EVAS Intelligence, has completed its angel investment round worth roughly RMB200 million, the company announced on February 28th.

Feb. 28 , 2022
BYD registers most new energy passenger vehicles in China in January
BYD registers most new energy passenger vehicles in China in January

China’s registrations of locally-made PVs in January saw a decline from a year ago, but the registrations of locally-made new energy PVs more than doubled from a year ago, according to the data compiled by Gasgoo Auto Research Institute (GARI).

Feb. 28 , 2022
China continues NEV subsidies, car purchase tax exemption to spur car demands: MIIT’s minister
China continues NEV subsidies, car purchase tax exemption to spur car demands: MIIT’s minister

China will adopt multiple measures to further spur automobile demands, the minister of China's MIIT said on Feb. 28.

Feb. 28 , 2022
JAC Group, ThunderSoft to set up automotive intelligence joint venture
JAC Group, ThunderSoft to set up automotive intelligence joint venture

On February 26th, China’s major automaker JAC Group has inked an agreement with leading OS developer, ThunderSoft, to set up an automotive intelligence joint venture in Hefei, Anhui Province.

Feb. 28 , 2022
NIO announces proposed secondary listing in Hong Kong, with shares to start trading on March 10
NIO announces proposed secondary listing in Hong Kong, with shares to start trading on March 10

NIO is expected to start share trading in Hong Kong on March 10, 2022, the company said this morning.

Feb. 28 , 2022
Tesla tops Chinese NEV startups by vehicle registrations in Jan. 2022
Tesla tops Chinese NEV startups by vehicle registrations in Jan. 2022

Last month, the seven key startups (including Tesla) all faced a month-on-month decrease.

Feb. 27 , 2022