News
China’s self-driving startup IdriverPlus secures over 100 million yuan from C+ financing
China’s self-driving startup IdriverPlus secures over 100 million yuan from C+ financing

Beijing Idriverplus Technology Co.,Ltd. (called “IdriverPlus” for short), a Chinese autonomous driving solution and product provider, announced on September 14 it has closed a C+ financing round with hundreds of millions of yuan raised in total.

Sep. 14 , 2020
BBA officially opened High-Voltage Battery Centre in Shenyang, doubling local battery production capacity
BBA officially opened High-Voltage Battery Centre in Shenyang, doubling local battery production capacity

With the new center, the German automaker is expected to double its battery production capacity in China.

Sep. 14 , 2020
China’s locally-produced new energy PV wholesales soar 43.7% YoY in Aug.
China’s locally-produced new energy PV wholesales soar 43.7% YoY in Aug.

In August, China’s wholesale volume of locally-produced new energy passenger vehicles (NEPVs) exceeded 100,000 units, surging 43.7% year on year and jumping 23.9% month on month, according to the China Passenger Car Association (CPCA).

Sep. 14 , 2020
Huawei sets up electric technology company to sell, make intelligent in-car devices
Huawei sets up electric technology company to sell, make intelligent in-car devices

Chinese telecom giant Huawei established on September 8 an electric technology company, according to Chinese database query platform Tianyancha, signaling its further offensive into automobile-related domain.

Sep. 11 , 2020
August 2020 update: retail sales of four Japanese automakers in China
August 2020 update: retail sales of four Japanese automakers in China

For the month of August, both Toyota and Honda sustained double-digit growth in their China deliveries. Nissan and Mazda failed to gained increase, while only faced year-on-year decrease below 3%.

Sep. 11 , 2020
Startup Byton registers new company dubbed “Shengteng” after suspending China operations
Startup Byton registers new company dubbed “Shengteng” after suspending China operations

Stalled Chinese electric vehicle startup Byton registered on September 9 a new firm dubbed “Nanjing Shengteng Automobile Technology Co.,Ltd.” (called “Shengteng” for short), according to Chinese database query platform Tianyancha.

Sep. 11 , 2020