China’s ride-hailing giant Didi Chuxing (DiDi) has closed a fundraising round of over $500 million for its autonomous driving subsidiary, a local media outlet reported on May 29.
May 29 , 2020
Geely Auto announced on May 29 it has signed an agreement with placing agents, pursuant to which the latter agreed to make their best efforts to have placees procure 600,000,000 placing shares at the price of HK$10.8 per share.
May 29 , 2020
Volkswagen Group agreed to purchase 50% stake in Anhui Jianghuai Automobile Group Holdings Limited, the company parent of Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors).
May 29 , 2020
Shenzhen has issued a string of measures to support orderly and sound development of local ICV (intelligent-connected vehicles) industry.
May 28 , 2020
China’s top EV manufacturer NIO Inc. has got its shareholder changed to NIO (Anhui) Holding Co.,Ltd. from NIO NextEV Limited, according to Tianyancha.
May 28 , 2020
In April, a total of 4,154 consumers in China bought the Mandatory Liability Insurance for Traffic Accidents of Motor Vehicles (MLI) for the China-built Tesla Model 3 sedans, which represented a plunge of 63% compared to March.
May 27 , 2020