News
Geely Holding announces stake increase in Aston Martin
Geely Holding announces stake increase in Aston Martin

Geely Holding has completed an increase in its shareholding in Aston Martin, now owning approximately 17% of the latter's shares.

May 18 , 2023
China’s skateboard chassis company U POWER closes Series B financing
China’s skateboard chassis company U POWER closes Series B financing

U POWER, a leading Chinese skateboard chassis developer, announced the completion of its Series B funding round which raised for the company hundreds of millions of Chinese yuan.

May 18 , 2023
BMW Group to produce next-gen BEVs in China from 2026
BMW Group to produce next-gen BEVs in China from 2026

On May 18, BMW Group announced that it will produce its next-gen full electric vehicles—dubbed ‘Neue Klasse’—in Shenyang city since 2026 onwards.

May 18 , 2023
Haima Automobile sees prototype of 7X-H FCV equipped with Toyota’s fuel cell stack roll off line
Haima Automobile sees prototype of 7X-H FCV equipped with Toyota’s fuel cell stack roll off line

On May 17, Chinese automaker Haima Automobile saw the first functional prototype of the 7X-H FCV (fuel cell vehicle), which is equipped with Toyota Motor’s fuel cell stack system, roll off the production line.

May 18 , 2023
BYD-backed DENZA demonstrates iADC intelligent drifting control system
BYD-backed DENZA demonstrates iADC intelligent drifting control system

DENZA, the premium auto brand majority-owned by BYD, earlier this week released a drifting video of the DENZA N7 SUV as the approach where the iADC (intelligent Adaptive Drift Control) system made its world’s debut.

May 18 , 2023
Gasgoo Daily: BYD-backed DENZA unveils iADC smart drift control system
Gasgoo Daily: BYD-backed DENZA unveils iADC smart drift control system

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.

May 17 , 2023