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Spatiotemporal intelligence tech firm Qianxun SI closes new strategic financing round
Spatiotemporal intelligence tech firm Qianxun SI closes new strategic financing round

On August 19, spatiotemporal intelligence technology company Qianxun SI announced the completion of a new strategic financing round, boosting the company's valuation to over 16 billion yuan.

Aug. 20 , 2024
XPENG boasts robust YoY, QoQ jump in Q2 2024 revenue
XPENG boasts robust YoY, QoQ jump in Q2 2024 revenue

For the quarter ending June 30, 2024, XPENG reported total revenues of RMB8.11 billion (US$1.12 billion), marking a 60.2% year-on-year hike and a 23.9% rise from the first quarter of 2024.

Aug. 20 , 2024
Gasgoo Daily: Tesla Shanghai Megafactory reaches 45% completion
Gasgoo Daily: Tesla Shanghai Megafactory reaches 45% completion

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Aug. 20 , 2024
Leapmotor expands presence to Lhasa with new Leapmotor Center
Leapmotor expands presence to Lhasa with new Leapmotor Center

On August 18, Chinese new energy vehicle maker Leapmotor witnessed the grand opening of its new flagship store in Lhasa, Xizang, the high-altitude region of China.

Aug. 20 , 2024
Hesai Technology posts 4.2% YoY rise in Q2 2024 revenue
Hesai Technology posts 4.2% YoY rise in Q2 2024 revenue

On August 20, Hesai Technology, a leading developer and manufacturer of LiDAR systems, announced its unaudited financial results for the second quarter of 2024, during which, the company reported revenue of 460 million yuan, marking a 4.2% YoY.

Aug. 20 , 2024
AVATR Technology acquires 10% stake in Huawei’s Yinwang for 11.5 billion yuan
AVATR Technology acquires 10% stake in Huawei’s Yinwang for 11.5 billion yuan

On August 20, Changan Automobile announced that AVATR Technology, its affiliated smart new energy vehicle company, signed a share transfer agreement with Huawei.

Aug. 20 , 2024