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WM Motor sells 15,665 vehicles in H1, to launch new sedan
WM Motor sells 15,665 vehicles in H1, to launch new sedan

In the second half of this year, WM Motor plans to launch the M7, its first battery electric sedan and the first model from its M family.

Jul. 16 , 2021
CATL, Tencent Cloud to co-build AI joint innovation base
CATL, Tencent Cloud to co-build AI joint innovation base

Chinese power battery giant CATL and Tencent Cloud entered into a strategic cooperation agreement on July 15 to co-boost intelligence upgrade for the new energy industry, according to a post on Tencent Cloud’s WeChat account.

Jul. 16 , 2021
SAIC Audi, Alibaba Cloud to ally on digital marketing, IoV businesses
SAIC Audi, Alibaba Cloud to ally on digital marketing, IoV businesses

SAIC Audi and Alibaba Cloud signed a memorandum of cooperation on July 15 to co-work on businesses related to Uni Marketing, IoV (Internet of Vehicles), digital ecosystem, and smart logistics service.

Jul. 15 , 2021
Shanghai eyes over 1.2 million units in NEV annual outputs by 2025
Shanghai eyes over 1.2 million units in NEV annual outputs by 2025

Shanghai expects its annual new energy vehicle (NEV) output volume to exceed 1.2 million units and the output value of the NEV industry to top 350 billion yuan ($54.073 billion) per year by 2025, according to Shanghai municipal government.

Jul. 14 , 2021
Alibaba-backed Banma secures 3 billion yuan from four existing shareholders
Alibaba-backed Banma secures 3 billion yuan from four existing shareholders

Banma Network Technology (Banma), a Chinese Internet car solution provider, nabbed 3 billion yuan ($463.485 million) worth of capital from its four existing shareholders, namely, Alibaba Group, SAIC Group, CMG-SDIC Capital, and Yunfeng Capital.

Jul. 14 , 2021
China’s number of EV charging piles jumps 47.3% YoY to 1.947 million by June 2021
China’s number of EV charging piles jumps 47.3% YoY to 1.947 million by June 2021

China had roughly 1.947 million EV charging piles by the end of June 2021, representing 47.3% compared to the cumulative number for the year-ago period.

Jul. 14 , 2021