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BAIC BJEV to establish new factory as part of upgraded collaboration with Huawei
BAIC BJEV to establish new factory as part of upgraded collaboration with Huawei

In a bid to enhance its collaboration with Huawei, BAIC Group’s new energy vehicle arm, BAIC BJEV, is set to establish a new factory, as disclosed in an announcement made by BAIC BluePark on August 14.

Aug. 16 , 2023
Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit
Dongfeng Motor Group forecasts 75% YoY drop in H1 2023 net profit

Chinese legacy automaker Dongfeng Motor Group announced a projected 75% year-on-year decline in net profit attributable to shareholders for the first half of 2023, as revealed in a recent disclosure on August 14.

Aug. 16 , 2023
Baolong Automotive nabs procurement order for AK2 ultrasonic radar
Baolong Automotive nabs procurement order for AK2 ultrasonic radar

Baolong Automotive's subsidiary, Baoyou Technology (name in Chinese pinyin), announced that it has been nominated as the supplier for the next-generation AK2 ultrasonic radar sensor project by a Chinese automotive brand.

Aug. 15 , 2023
Baidu Ventures invests in intelligent traffic solution provider SONDIT
Baidu Ventures invests in intelligent traffic solution provider SONDIT

Chinese intelligent traffic solution provider SONDIT recently announced the successful completion of a multi-million-yuan Series A+ funding round led by Baidu Ventures (BV).

Aug. 15 , 2023
Tesla said to build local operation team for FSD in China
Tesla said to build local operation team for FSD in China

Tesla is strategically assembling a local operational team of around 20 members in its initial push to bring the Full Self-Drive (FSD) autonomous driving solution to the Chinese market, according to a local media outlet.

Aug. 15 , 2023