Gasgoo Daily: Xiaomi buys autonomous driving startup DeepMotion

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

Xiaomi buys autonomous driving startup DeepMotion

Photo credit: Xiaomi

Xiaomi Corporation announced on August 25 it has entered into a purchase agreement with relevant parties to acquire the entire shareholding in DeepMotion Tech Limited, a four-year-old Chinese autonomous driving startup, for about $77.37 million.

Huawei registers new firm in Xi'an

Huawei sets up a new digital energy technology company in Xi'an with a registered capital of RMB20 million. It has registered 3 new firms within 3 months.

MIIT to formulate standards on SIBs

On Wednesday, China's Ministry of Industry and Information Technology said it will organize institutes to formulate relevant standards about sodium-ion battery when needed.

Chery publicizes pictures of QQ Icecream

Chery iCar publicized three pictures of the QQ Icecream, which is expected to come into the market in the fourth quarter of this year.

Photot credit: Chery

Foryou H1 net profit surges 164.14% YoY

In the first half of this year, China's automotive supplier Foryou Corporation achieved revenue of RMB2.05 billion, up 69.15% year on year. The net profit attributable to the shareholders of the listed company surged 164.14% from a year ago to RMB137 million.

SGMW's new Baojun KiWi EV to hit market on Aug. 31                      

SAIC-GM-Wuling (SGMW) said on Wednesday the KiWi EV, a new Baojun-branded mini-sized all-electric car, will hit the market on August 31. Presale prices of its two variants stand at 69,800 yuan ($10,780) and 78,800 yuan ($12,170) respectively.

Xiaomi invests in smart parking solution provider AIPark                      

Xiaomi Group recently made a strategic investment in AIPark, a Beijing-based smart parking management solution provider, according to an announcement AIPark posted on Aug. 23 via its WeChat account.

Changan Auto partners with Chinasoft International for auto industry digitalization

Chongqing Changan Automobile Co.,Ltd. (Changan Auto) and Chinasoft International Limited (Chinasoft International), a Hong Kong-listed software and information technology services provider, recently formed a strategic partnership to co-boost digital transition for the automotive industry, according to an announcement Chinasoft International issued on Aug. 25.

Baidu-backed JiDU Auto, Hesai Technology join hands to build smart driving system

on August 25, JiDU Auto, a smart electric vehicle venture between China's tech giant Baidu and automaker Geely, signed a strategic cooperation agreement with Chinese LiDAR manufacturer Hesai Technology (Hesai) to co-develop safer and more efficient intelligent driving systems, according to JiDU Auto's press release.

HOZON Auto, Huawei join hands to develop smart driving tech, digital energy, cloud service                      

Chinese EV startup HOZON Auto and Huawei Technologies Co.,Ltd. (Huawei) inked an agreement on August 25 to develop a long-term win-win partnership, aiming to co-advance the ecosystem of intelligent vehicles into a higher level, according to HOZON Auto's press release.