News
Gotion High-Tech reveals intention to build battery manufacturing JV in U.S.
Gotion High-Tech reveals intention to build battery manufacturing JV in U.S.

Gotion High-Tech Co.,Ltd. announced on Dec. 20 its wholly-owned sub-subsidiary, GOTION. INC. has deepened the cooperation with its client, a large-sized publicly listed U.S.-based automobile company.

Dec. 20 , 2021
Baidu intelligent driving group said to be independent company
Baidu intelligent driving group said to be independent company

Baidu's intelligent driving group (IDG) is said to be independent of Baidu Group, having transferred employees and assets to several Baidu’s subsidiariess, sources inside the IDG told a local media outlet, Tencent Shenwang.

Dec. 20 , 2021
CATL breaks ground on 7 billion yuan battery manufacturing base in Xiamen
CATL breaks ground on 7 billion yuan battery manufacturing base in Xiamen

On Dec. 19, 2021, Chinese power battery giant CATL held the ground-breaking ceremony for its new-type lithium ion battery manufacturing base in Xiamen city, Fujian Province.

Dec. 20 , 2021
Chinese power chip designer Marching Power closes 500 mln yuan Series C round
Chinese power chip designer Marching Power closes 500 mln yuan Series C round

Chinese power chip designer Marching Power announced on Dec. 16 it has secured over 500 million yuan ($78.51 million) in the Series C round, which was led by CDH Investments.

Dec. 17 , 2021
Baidu Ventures invests in photoelectric company Jinghe Tech
Baidu Ventures invests in photoelectric company Jinghe Tech

Shanghai Jinghe Photoelectric Technology Company (Jinghe Tech) has completed its A+ round of financing worth tens of millions of yuan, led by Baidu Ventures.

Dec. 17 , 2021
BMW to launch 26 new products, 2 BMW i centers in China in 2022
BMW to launch 26 new products, 2 BMW i centers in China in 2022

BMW Group announced that it plans to launch 26 new products in China next year, covering the group'sa core vehicle and motorcycle brands, from BMW core brand, BMW i, BMW M, MINI, to BMW Motorrad.

Dec. 17 , 2021