IM Motors, the premium electric vehicle makers jointly backed by SAIC Motor, Alibaba Group, and Zhangjiang High-Tech, recently obtained a loan worth 5 billion yuan ($723.066 million) by signing an agreement with a group of financial institutions.
Feb. 24 , 2023
GAC Group and its subsidiary GAC AION will increase their capital contributions to HYCAN by 107 million yuan ($15.474 million) and 493 million yuan ($71.294 million), in proportion to their respective shareholdings of 4.46% and 20.54%.
Feb. 24 , 2023
Shell (China) Limited on Feb. 23 signed a letter of intent with Alibaba Cloud, a cloud computing and AI company backed by Alibaba Group, to forge a long-term strategic partnership.
Feb. 24 , 2023
China’s tech giant Baidu announced that its autonomous driving ride-hailing service (Robotaxi) has completed roughly 561,000 rides in the last quarter of 2022, according to Baidu’s financial report released on Wednesday.
Feb. 23 , 2023
On February 23, China’s location service provider Asensing announced that it has been awarded a contract by Toyota to provide high-precision positioning solutions for several vehicle models under FAW-Toyota.
Feb. 23 , 2023
Great Wall Motor (GWM) recently held the brand launch event in Oman, according to a press release the automaker issued on Feb. 22.
Feb. 23 , 2023