Its revenue jumped 33.51% year on year to RMB1.702 billion while the net profit attributable to the shareholders of the listed company reached RMB89 million, skyrocketing 119.15% from a year ago.
Oct. 28 , 2020
ECARX, a Geely-backed tech company, announced on October 26 it has closed its series A financing with 1.3 billion yuan ($194,456,470) raised, reaching a valuation of over 10 billion yuan ($1,495,819,000).
Oct. 26 , 2020
Dongfeng Motor officially launched on October 19 its autonomous driving project in Wuhan, attempting to build China’s biggest demonstration zone for autonomous driving application in the capital of Hubei province.
Oct. 20 , 2020
GAC Group and Huawei Technologies Co.,Ltd. signed an agreement on September 29 to cement their strategic collaboration in intelligent vehicle field, according to a posting via GAC Group’s WeChat account.
Sep. 30 , 2020
Beijing plans to complete the construction of a connected cloud-controlled high-level demonstration zone for autonomous driving by the end of 2020, which is the first-of-its-kind for the world.
Sep. 22 , 2020
Enovate ME7, the first production model of the EV innovator Enovate, hit the market on September 19, joining the string of Chinese EV startups that have production vehicle models available for sales.
Sep. 21 , 2020