News
Chinese chip startup SemiDrive closes 1 billion yuan Series B round
Chinese chip startup SemiDrive closes 1 billion yuan Series B round

Chinese automotive SoC (system-on-chip) developer SemiDrive raised nearly 1 billion yuan ($154.238 million) in a Series B funding round, which was co-led by CDB Equipment Manufacturing Industrial Investment Fund and V Fund.

Jul. 26 , 2021
Li Auto to list in Hong Kong, reveals product plans
Li Auto to list in Hong Kong, reveals product plans

Li Auto will become the second Chinese electric vehicle startup listed on Hong Kong Exchanges and Clearing Ltd (HKEX) after XPeng Motors.

Jul. 26 , 2021
GAC Toyota’s NEV capacity expansion project 1st phase begins operation
GAC Toyota’s NEV capacity expansion project 1st phase begins operation

GAC Toyota announced on July 25 the first phase of its new energy vehicle (NEV) capacity expansion project has started operation in Nansha District, Guangzhou.

Jul. 26 , 2021
Aulton, Sinopec co-launch battery swapping stations in Shanghai, Chongqing
Aulton, Sinopec co-launch battery swapping stations in Shanghai, Chongqing

Chinese battery swapping technology developer Aulton said the battery swapping stations it built in partnership with the state-owned oil giant Sinopec were officially launched in both Shanghai and Chongqing on July 20.

Jul. 22 , 2021
SGMW scores 39.5% year-on-year leap in first-half deliveries
SGMW scores 39.5% year-on-year leap in first-half deliveries

SAIC-GM-Wuling (SGMW), a joint venture between General Motors and two Chinese automakers, announced on Thursday it delivered 884,195 new vehicles during the first half of 2021, representing a 39.5% year-on-year jump.

Jul. 22 , 2021
NIO starts shipping ES8s to Norway
NIO starts shipping ES8s to Norway

On July 20, the first batch of mass-produced NIO ES8s for delivery to Norwegian users was shipped from Shanghai Waigaoqiao Port, NIO said on Thursday.

Jul. 22 , 2021